Prince Mohammad lists the rehabilitation of the financial district as an objectives in his Vision 2030 economic reform plan. REUTERS/Faisal Al Nasser
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Saudi Arabia's sovereign wealth fund finalized a deal to take over the management of Riyadh's $10 billion unfinished financial hub as the government attempts to revive the project, according to people familiar with the matter.Construction of the hub with 73 buildings in the north of Riyadh started in 2006 .A spokesman for the PIF declined to comment.HSBC Holdings Plc's local unit was advising the pension agency on the sale of the district, while JPMorgan Chase & Co. was working with the PIF, people familiar with the matter said in November 2016 .
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