FINANCIAL NEWS

Abdul Latif Jameel to spend USD2b in KSA on vital projects

04 Mar 2016

(MENAFN) Abdul Latif Jameel, one of Saudi Arabia’s top commercial enterprises, started applying schemes to invest nearly USD2 billion in the kingdom throughout the following five years.

This collection of new investments is part of the businesses’ long-term expansion plans in the Saudi market, and its support to the development of the domestic economy, across a variety of sectors.

The investments are being funded internally by the firm, and are anticipated to generate thousands of new jobs in KSA, across the automotive, real estate, and many other industries.

Abdul Latif Jameel is a 70-year old diversified business with one of the region’s key automotive traders, and one of the most reputable automotive consumer finance businesses in the kingdom.

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