The Sports Boulevard Foundation in Saudi Arabia has introduced a $266 million real estate fund in collaboration with Ajdan and Albilad Capital.

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.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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