A mixed-use touristic project called Al Kumma is being planned in Kornet Sawda in the North, at a 2,400 meter altitude. The developer is Realis Development, a project management company owned by the Ghanem family. They also own G One Group, a real estate developer. Investment in the six-phased project is $500 million.
Patrick Ghanem, Executive Manager of Realis Development, said around 30 percent of the project will be financed through bank loans. Another 30 percent will be raised through...
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