Nayef Al -Rajhi Investment and Al -Jazeera Capital, they launch a real estate fund with a size of 1.7 billion riyals to develop projects in Riyadh and Jeddah
Nayef Al -Rajhi Investment Company has announced the conclusion of a strategic partnership with Al -Jazeera Financial Markets Company "Al Jazeera Capital"To launch a closed private real estate investment fund, aimed at developing two qualitative real estate projects in the cities of Riyadh and Jeddah, with a total volume of assets of 1.7 billion Saudi riyals. The fund aims to implement two strategic projects in two cities of the largest and most prominent cities of the Kingdom. The project is on a strategic location near the most important landmarks of the capital, which enhances its investment value and makes it an ideal choice for those who want to have distinguished housing within the high -end neighborhoods of Riyadh. The design of this project comes in response to the increasing demand for integrated real estate projects, which combine housing, work and entertainment in a strategic location, and in response to the direction and vision of the Kingdom in the province and enhance its identity and architectural style in a modern way that is in line with the requirements of the age, which supports the development of the urban scene in Jeddah. For Nayef Al -Rajhi Investment Company: "We cherish in cooperation with Al -Jazeera Capital in developing two qualitative projects, where strategic sites and real estate products were chosen according to accurate studies of the market movement and its directions, and in line with the urban code and the architectural identity of each region" He added: "This cooperation comes as an extension of the company’s vision in developing specific real estate projects that contribute to promoting the quality of life."
for his part, Professor Nayef Al -Musnad, CEO and Managing Director of Al -Jazeera Capital: explained: " We in the island Capital continue our commitment to providing qualitative investment opportunities that keep pace with the aspirations of our customers and are consistent with the requirements of the renewable market, and the launch of this fund comes in partnership with Nayef Saleh Al -Rajhi’s investment company, as a specialized real estate developer, as an extension of our strategy aimed at diversifying our investment products and enhancing our active partnership in the real estate sector."
Professor Bandar Al -Hogail, head of real estate assets in Al Jazeera Capital: confirmed: "The launch of the fund is an important step within a strategy "Al Jazeera Capital" Aimed at providing various and high -quality real estate investment products. He added: "Cooperation with partners who have specialized experience in the real estate sector, such as Nayef Al -Rajhi Investment Company – the real estate developer of the Fund’s projects – is an essential element in the success of projects and the achievement of targeted returns."
Nayef Al -Rajhi’s investment company is one of the leading investment groups in the Kingdom, as it runs a variety of investments, with a special focus on the real estate sector. The company has a full record of achievements inside and outside the Kingdom, which reflects its deep experience and strategic vision in developing real estate assets according to the highest standards.
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