Kun Holding, AlUla Development sign pact to develop Aman Al Hajar project

11/01/2024 Argaam

Kun Holding, AlUla Development sign pact to develop Aman Al Hajar project

Signing ceremony

Kun Investment Holding Co. (KIH) and AlUla Development Co. – wholly owned by the Public Investment Fund (PIF) - signed a strategic agreement to launch and develop the Aman Al Hajar project. 

 

The company said in a statement that the Aman Al Hajar resort will include 42 hotel/villa keys and 30 luxury residential units for sale. 

 

The project extends over a prime site of eight million square meters (sqm) in Al Hajar city, the first UNESCO World Heritage site in Saudi Arabia. 

 

Kun will own 80%, while AlUla will own 20% of the joint project. 

 

Kun will assume the leadership role in developing the project and delivering it, with strategic support from AlUla. 

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