Complex Made Simple

Emaar teams up with Capri in Saudi

Emaar, The Economic City, the company developing King Abdullah Economic City, has entered into a partnership with Capri Capital Partners to develop an SR7.5 billion ($2bn) mixed-use project in the KAEC. The 200,000 square metre project will feature two luxury hotels, office towers, a retail center, condominium towers, and a convention center and adjoining hotel. Capri is currently in negotiations with the parent companies of the Waldorf-Astoria and St. Regis hotels to operate the two hotels.