RIYADH — Red Sea Development Co, which is backed by Saudi Arabia’s sovereign fund PIF, is seeking a loan of more than 10 billion riyals ($2.67 billion) from four to five local banks to finance tourism projects, its chief executive John Pagano said. Saudi Arabia plans to develop resorts on 50 islands off the Red […]
source https://www.newsmerit.com/tech-news/saudi-arabias-red-sea-project-seeks-loan-in-excess-of-10-bln-riyals-ceo/
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