Thursday 10 July 2014
 
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Jizan Economic City

$30bn Jizan Economic City deal 'terminated'

Malaysian construction firm MMC Corp said the Saudi government had terminated the rights of its joint venture with Saudi Binladin Group to develop the $30 billion Jizan Economic City in Saudi Arabia. "The termination was as a

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Jizan Economic City attracts $6.7bn

Saudi Arabia's Jizan Economic City, part of ambitious government development plans, has attracted 25 billion riyals ($6.7 billion) of investment so far, state media said. Construction of the city in Saudi Arabia's south will begin this mon

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Binladin, MMC plan IPO for Jizan Economic City

Saudi Arabia's Binladin Group and Malaysia's MMC Corp plan to sell 30 percent of a jointly owned developer to the public next year to help finance a $30 billion Saudi city, an executive said on Sunday. The sale, initially planned for 2007,

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