Bahrain Intl Invest Bk Plans $1B Residential Proj In Saudi-Report

The International Investment Bank ( IIB ) of Bahrain plans to implement a large-scale residential project in Jeddah at a total cost of up to $1 billion.
Work at the project is planed to start in early 2011 and it will be executed in stages.
The Islamic Development Bank will help IIB to make the plan work. The project will include 2,000 residential units for low-income people, as well as schools, mosques, and shops.