A Saudi company will direct 4bn riyals ($1.07bn) to Abu Dhabi's $5.4bn Reem Island real estate project, making it one of the main investors in the project, company officials said Sunday.
According to Reuters, Abu Dhabi Towers, wholly-owned by Saudi capital, will spend the amount to buy 8.9 million sq ft and build five 40-to-68 storey towers on the island, which will house some 80,000 people once completed in 2012.
