RIYADH: A real estate fund amounting to SR1 billion ($266 million) has been established in Saudi Arabia through the signing of an agreement with the Sports Boulevard Foundation.
The agreement was made in collaboration with Ajdan Real Estate Development Co. and Albilad Capital.
This dedicated fund aims at the development of private plots within the Arts District, a component of Riyadh’s Sports Boulevard project and one of its eight sectors.
Managed by Albilad Capital, the closed-ended real estate investment fund signifies a strategic partnership that aligns the project with the interests of the private sector.
