Keppel Land, Singapore’s third-largest developer by assets, and Saudi Economic & Development (Sedco) will jointly develop luxury waterfront homes in Jeddah, Saudi Arabia.Keppel Land and Sedco will invest $760 million to build three high-rise towers along Jeddah’s Corniche waterfront.
The development, comprising about 1,000 apartments, is expected to launch next year.
Keppel Land will hold 51 per cent of the equity in the joint venture.
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