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The Gulf Tape

Sovereign Funds & Flows

  1. PIF Launches Gulf Coast Development Company to Build

    Sovereign Funds & FlowsSaudi Arabia's Public Investment Fund launched Gulf Coast Development Company on September 7, 2026, to build a 20-square-kilometre coastal destination in Al-Khafji, Eastern Province, comprising more than 16,000 homes across eight neighborhoods, roughly 1,400 hotel keys, and a 10-kilometre waterfront, with the first three districts targeted for completion in 2030, per PIF and AGBI.
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