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Riyadh Development Launches SAR 3.50 Billion Real Investment Fund
Located in Sports Boulevard, the new project will be a seven-year extendable venture.
Dec 21, 2024
In an effort to develop a mixed-use real estate project in URBAN WADI, an area in the Sports Boulevard in Riyadh, Riyadh Development Company signed a deal worth over SAR 3.50 billion to create a real estate investment fund. The project will be a collaboration between Riyadh Development and Turkish FTG Development, with Jadwa Investment managing the fund.
The project will span 39,759 square metres, with over 207,000 square metres of those comprising built-up areas. It is designed to be a seven-year extendable venture.
