The Nayef Al -Rajhi Funding Firm introduced the conclusion of a strategic partnership with the AL -JAYER FINANCIE COMPANY “AL -Jazera Capital” with the intention to begin a closed personal actual property funding fund to develop two qualitative actual property initiatives within the cities of Riad and Jeddah, a complete quantity of 1.7 billion Saudidials -Avarity with a complete quantity of 1.7 billion Saudi -riyals.
This partnership is affirmation of the funding orientation of the 2 corporations on the Saudi actual property market and to contribute to enhancing their attractiveness by means of the event of progressive actual property initiatives with added worth. The fund goals to hold out two strategic initiatives in two cities within the largest and most well-known cities within the kingdom.
Within the metropolis of Riad, an opulent residential mission is being developed within the Al -khuzami quarter that focuses on the supply of an built-in dwelling setting, which promotes the idea of high quality of life, by means of a various residential models which are in concord with privateness, excessive providers, and an architectural design, in step with the administration of the Kingdom of the Saudi Arabian nation and its close to Kingdom of the Saudi Arabia, close to the royal. The capital, which will increase its funding worth and makes it an excellent alternative for many who have differentiated distinction residences within the excessive -high districts of Riyadh.
Within the metropolis of Jeddah, there’s a multi -use mission within the north of Jeddah in King Abdulaziz Highway, which incorporates residential and business competitions alongside a luxurious lodge, enterprise workplaces, business area and eating places. The design of this mission is a response to the rising demand for built-in actual property initiatives that mix dwelling, work and leisure in a strategic place and meet the route and imaginative and prescient of the dominion within the province and enhance its id and architectural fashion in a contemporary approach, which meets the necessities of time that helps the event of the city scene in Jeddah.
On this event, Professor Nayef Saleh al -Rajhi, chairman and CEO of the Nayef al -rajhi Funding Firm, pressed out: “This cooperation is an enlargement of the corporate’s imaginative and prescient within the improvement of initiatives for the standard of qualities.”
For his half, Professor Nayef Al -Misnad, CEO and Managing Director of AL -Jazera Capital: “Within the island capital, we proceed our dedication to qualitative funding alternatives that preserve tempo with the efforts of our prospects with the necessities of the renewable market and are in accordance with our energetic partnership in accordance with the necessities of the renewable market.
Professor Bandar Al -Hogail, head of actual property property in Al Jazeera Capital, additionally emphasised: “The publication of the fund is a crucial step within the technique of” Al -Jazera Capital “, which goals to offer numerous and excessive -quality actual property funding merchandise. The aim.
Nayef al -Rajhi’s funding firm is without doubt one of the main funding teams within the kingdom as a result of it operates quite a lot of investments, with the deal with the actual property sector. The corporate has full success inside and outdoors the dominion, which displays its deep expertise and strategic view within the improvement of actual property items in accordance with the best requirements.
