“Sports Track” announces the establishment of a real estate investment fund worth 700 million riyals in the Wadi Destination Title: Sports Boulevard announces SAR 700 million real estate investment fund in Wadi Destination
Al Masar Sports Development Company signed contracts to award a real estate investment fund with Al Jazira Capital and Rakaz Real Estate Company, with the aim of developing major assets within the valley destination.
Sports Boulevard Development Company signed agreements to establish a real estate investment fund with Aljazira Capital and Rekaz Real Estate, aimed at developing key assets within Wadi Destination.
With a total value exceeding 700 million riyals, to develop major assets within the Al Wadi destination in the Hittin neighborhood in Riyadh.
With a total value exceeding SAR 700, the fund will develop key million assets within Wadi Destination in Riyadh’s Hittin district.
The fund aims to develop a five-star luxury hotel on a land area of about 13.5 thousand square meters, with a total building area of about 34.4 thousand square meters.
The fund aims to develop a five-star luxury hotel on a plot of approximately 13,500 square meters, with a total built-up area of around 34,400 square meters.
In partnership with Al Jazira Capital as the fund manager, and Rikaz Real Estate as a developer and one of the investors.
The project will be developed in partnership with Aljazira Capital as the fund manager and Rekaz Real Estate as the developer and one of the investors.
The project comes to enhance the hospitality and lifestyle sectors within the Al Wadi destination, which combines sports, nature, entertainment, hospitality and community experiences, in line with the urban identity of the Sports Path project.
The project is intended to strengthen the hospitality and lifestyle sectors within Wadi Destination, which combines sports, nature, entertainment, hospitality, and community experiences, in line with the urban identity of the Sports Boulevard project.
The fund increases the number of real estate investment funds signed within the project to three funds, with a total value exceeding 6.2 billion riyals, within the framework of enhancing private sector participation and supporting qualitative investments in Riyadh.
The fund brings the number of real estate investment funds signed under the project to three, with a total value exceeding SAR 6.2 billion, as part of efforts to increase private-sector participation and support high-quality investments in Riyadh.
The sports track is one of the major projects in the capital, and upon completion it extends more than 135 kilometers, with the aim of enhancing the quality of life and supporting Riyadh’s transformation into one of the most livable cities in the world.
The Sports Boulevard is one of the capital’s major projects. Once completed, it will extend for more than 135 kilometers, with the aim of enhancing quality of life and supporting Riyadh’s transformation into one of the world’s most livable cities.
Through an interconnected network of sports, environmental and entertainment destinations.
This will be achieved through an interconnected network of sports, environmental, and entertainment destinations.
