Britain's Sir Terry has designs on Mideast
Famous architect Terry Farrell & Partners will work in region through a venture with Dubai's KM Properties.
Sir Terry Farrell, one of the world's foremost architects, has joined forces with a Dubai developer to work on real estate projects in the Middle East and beyond.
A joint venture between the UK's Terry Farrell & Partners and KM Properties will concentrate on development in Saudi Arabia.
The joint venture is working on a landmark $265 million project in Jeddah. The mixed-use waterfront development will include commercial, residential and hotel components.
"The recent property development surge in Saudi Arabia has created more intense interest for Saudi investors who are considering investing in real estate," said Dr. Mohamed Haddad, chairman of KM Holding, parent company of KM Properties.
Other developments in Saudi Arabia will include projects in Dammam and Riyadh, where KM Properties has established offices.
"We are elated with the trust and confidence that KM Holding and KM Properties has placed in our company as one of their partners for major development projects in the world starting off with projects planned in Saudi Arabia," said Gavin Erasmus, Director of Terry Farrell & Partners.