Abu Dhabi- Mubasher: Manazel Real Estate PJSC on Sunday announced that it will expand in Saudi Arabia through a slew of projects ahead of the end of 2017.

Abu Dhabi-listed developer said that Saudi Arabia is one of the major economies in the Gulf Cooperation Council (GCC), as well as its plans to inject more investment in a bid to implement its ambitious Vision 2030, according to a bourse filing.

Boosting Manazel’s investments in Saudi Arabia comes in line with the growth of the real estate sector through the Public Investment Fund (PIF), which was established in 1971 to invest in various projects. The fund is pouring further investments into local and international companies.

“We are looking at a range of opportunities to expand into dynamic growth markets and broaden our revenue base especially within the Kingdom’s market, which has always been significant to us,” said Manazel Real Estate Chairman HE Mohamed M. Al Qubaisi.