Riyadh Development Co. aiming for $270m revenue under new strategy
RIYADH: Riyadh Development Co. hopes to pull in SR1 billion ($270 million) in revenue over the next 10 years by becoming an active real estate developer instead of just an investor. The firm’s new strategy was announced by its chairman Prince Faisal bin Abdulaziz bin Ayyaf as he set out plans to turn the company, known as ARDCO, into a full-fledged holding company. Bin Ayyaf,