Tasfiah announces sale of 5-million-sq-m Saudi beach for $1bn
CONSTRUCTION NEWS
Saudi Real Estate Contributions Commission (Tasfiah) has announced the successful sale of the Al Qatif beach in a public auction in the governorate of Al Khobar, the Saudi Press Agency reported.
The beach covers more than 5 million sq m on Tarout Island, one of the oldest settlements in the Arabian gulf.
Tasfiah has so far reached a total of SR15 billion as a return to shareholders through its public auctions and sale of land contributions.
