PietyTHP spokesperson interviews with the Australian Financial Review (AFR).

“Rising Sydney residential developer Piety Investments has closed a $100 million investment with Middle Eastern fund Crestmount Capital, run by Prince Khaled bin Alwaleed bin Talal, a member of the Saudi Arabian royal family.¬†While Australian real estate has attracted extensive capital from China and other parts of the world, the Middle East’s huge pool of “gulf” money has yet to hit Australia in a big way, mainly because there are onerous requirements for investments to comply with sharia, and the volatile currency exchange between the Australian dollar and middle eastern currencies make investment profits patchy, experts say.”

Read the full article in AFR