October 31, 2019 / 2:26 PM / 12 days ago

Saudi Alakaria signs $5 billion agreement with Triple 5 to develop tourist destination: SAGIA

RIYADH (Reuters) - Saudi Arabia’s Alakaria has signed an investment agreement with Triple Five worth $5 billion to develop American Dream, “an international tourist destination” the Saudi Arabian General Investment Authority (SAGIA) said on Thursday.

This brings the value of deals announced by SAGIA at the Future Investmnet Initiative conference to $20 billion, it said in a statement.

Reporting by Stephen Kalin, writing by Nafisa Eltahir, editing by Andrew Heavens

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