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New SAR1.1B real estate fund Launched in Riyadh

Article-New SAR1.1B real estate fund Launched in Riyadh

Ezdihar Real Estate Development Untitled design (1).jpg
The CEO’s of Ezdihar Real Estate Development Company, an Alistithmar Capital, celebrate the signing of a landmark SAR 1.1 billion real estate fund in Riyadh, aiming to reshape the city's commercial landscape. (Photo credits: Ezdihar Real Estate Development)
Ezdihar and Al-Istithmar launched a new SAR1.1B real estate fund to create a cutting-edge office complex near King Saud University.

Ezdihar Real Estate Development, along with Al-Istithmar Capital, the investment arm of the Saudi Investment Bank, have joined forces to create a new real estate fund worth SAR 1.1 billion. This fund aims to develop a cutting-edge office and commercial area in the heart of Riyadh.


The project aims to develop a large plot of land near King Saud University on Prince Turki I Road. It plans to build a commercial office complex that will be a landmark in Riyadh. The goal is to set new standards for modern business environments in the city.


A Grade A office park is being developed with modern design and great amenities. It will sit in a strategic place in Riyadh's north/west district. This location provides convenient access to King Khalid International Airport and major projects. In doing so it's setting new standards for the modern business environment in Riyadh.


The business plan focuses on building a high-income office complex to give investors great returns. It's designed with a lifestyle approach, adding green spaces and wide circulation areas to make the workplace better. This setup aims to enhance the environment and attract more people.


Mr. AbdulMohsen bin Fawaz AlHokair, CEO of Ezdihar Real Estate Development Company, expressed excitement about the project. He emphasises that it aligns with their commitment to delivering quality projects that exceed client expectations.

Mr. Khaled bin Abdulaziz AlRayes, CEO of Al-Istithmar Capital, focused on the partnership's aim. It's about meeting changing market needs and providing top-notch investment chances for maximum returns.


This partnership marks a big move in boosting Riyadh's status as a top real estate investment centre. It shows the dedication that Ezdihar Real Estate Development and Al-Istithmar Capital have to bring innovation and excellence to Saudi Arabia's real estate market. They're committed to driving progress and setting new standards.

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