K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed an MoU with Saudi Arabia’s Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC).
Masarat Mobility Park has signed a development lease agreement with Fortune Parts Industry Gulf (FPI Gulf), a joint venture between Thailand based FPI Group and local partner Fuel Autoparts Company.