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Ajmakan launches in Saudi

by ArabianBusiness.com staff writer  on Saturday, 26 May 2007

A US $1.6 billion (SR6 billion) city project has been launched by Saudi Arabia-based Al Shoula Holding Group, the UAE's Tameer Holding and the Land Company.

Called Ajmakan, the city will be located in the Al-Khozama District in Riyadh and will be spread over 1.7 million m2.

It will be made up of commercial buildings, villas, palaces and a five-star hotel.

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