Saudi Arabia Scooping Up Land in Northern Virginia

Saudi national flag / Getty Images

 

Saudi Arabia is scooping up large swaths of land in Northern Virginia, just a stone’s throw away from the nation’s capital, according to local reports.

“The Saudi government now owns five adjacent properties on the grandiose corridor in McLean that is home to high-profile, pricey estates and bucolic views of the Potomac River, according to government assessment records,” Washington Business Journal reported.

The Saudi government is said to have purchased a series of adjacent homes “occupying about a half-mile stretch” near Chain Bridge Road in Northern Virginia, according to the report.

The report continues:

The kingdom paid $43 million on May 24 to purchase Steve Case‘s Merrywood Estate at 700 Chain Bridge Road, making it the biggest residential property sale in the region’s history. The county valued the property, which was also the childhood home of Jacqueline Kennedy Onassis, at just shy of $24 million.

Then on July 10, the embassy paid $17.8 million to purchase 670 Chain Bridge Road and $2.1 million to purchase 660 Chain Bridge Road in what appears to be a package deal, according to property records and an online listing.

Full article: Saudi Arabia Scooping Up Land in Northern Virginia (Washington Free Beacon)

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