Riyad Capital, one of the Kingdom\u2019s largest asset managers and a leading company in real estate investment, announces the signing of an agreement to establish a c. US$ 400 Million (SAR 1.5 billion) real estate fund in partnership with Her Highness Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company.<\/p>\n\n\n\n
The project spans a land area of 32,000 square meters and is designed as a mixed-use development comprising hospitality, office, residential, and retail components. The project, classified as a Transit-Oriented Development (TOD), is strategically located approximately 250 meters from Al Takhassusi Metro Station, supporting the development of an integrated urban destination that promotes sustainability and responds to the growing demand for high-quality developments in Riyadh, in line with the objectives of Saudi Vision 2030.<\/p>\n\n\n\n
Her Highness Princess Munira bint Abdullah bin Faisal Al Saud commented: <\/strong>\u201cThis project reflects the importance of the strategic location on Al-Takhassusi Road and the value of the partnership with Riyad Capital and Naif AlRajhi Investment Company to develop a project that aligns with the evolving urban landscape of Riyadh. We look forward to this development becoming a distinctive addition that supports quality of life and keeps pace with the city\u2019s growing needs.\u201d<\/p>\n\n\n\n On this occasion, Abdullah Abdulrahman Alshwer, PhD, CFA, CEO of Riyad Capital, stated: <\/strong>\u201cThis project represents an extension of our presence in the real estate sector and marks a new step in developing distinctive destinations in strategic locations across Riyadh, supported by its prime location on Al-Takhassusi Road. This partnership with Her Highness Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company reflects an integrated model that combines development expertise with investment management capabilities, enabling the delivery of a project that elevates the concept of mixed-use developments and aligns with evolving market expectations. This fund is part of our strategy to offer carefully structured investment opportunities built on strong fundamentals, enhancing value for investors. The project also represents Riyad Capital\u2019s fourth Transit Oriented Development (TOD) project and contributes to supporting the objectives of Saudi Vision 2030, particularly in urban development and improving quality of life.\u201d<\/p>\n\n\n\n Naif Saleh AlRajhi, Chairman and CEO of Naif AlRajhi Investment Company, added: <\/strong>\u201cWe see this project as a valuable addition to our real estate development portfolio, through which we aim to deliver a project that reflects high quality standards and meets the evolving expectations of the Riyadh market. This project also reflects our direction toward developing projects in prime locations, in partnership with Riyad Capital as a leading real estate investment firm, contributing to the delivery of an integrated experience aligned with Vision 2030.\u201d<\/p>\n\n\n\n The project is part of developing an integrated urban destination that aligns with the ongoing transformation of the city of Riyadh, through a landmark development focused on quality of life and sustainability. It supports urban and economic growth while generating sustainable long-term returns.<\/p>\n\n\n\n The project also reflects Riyad Capital\u2019s strategy to create exceptional real estate investment opportunities through innovative investment solutions that maximize value for investors, alongside Naif Alrajhi Investment\u2019s approach to strengthening its real estate portfolio through high-quality developments and strategic partnerships, in line with the objectives of Saudi Vision 2030.<\/p>\n","protected":false},"excerpt":{"rendered":" Riyad Capital, one of the Kingdom\u2019s largest asset managers and a leading company in real estate investment, announces the signing of an agreement to establish a c. US$ 400 Million (SAR 1.5 billion) real estate fund in partnership with Her Highness Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company. The […]<\/p>\n","protected":false},"author":2,"featured_media":529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts\/528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=528"}],"version-history":[{"count":1,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts\/528\/revisions"}],"predecessor-version":[{"id":530,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/posts\/528\/revisions\/530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=\/wp\/v2\/media\/529"}],"wp:attachment":[{"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.alkhabr24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}