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Naif Alrajhi Investment has formed a strategic partnership with Aljazira Capital to launch a closed private real estate investment fund. Valued at SR1.7 billion ($453.2 million), the fund will focus on the development of two high-impact real estate projects in Riyadh and Jeddah.
This partnership underscores the shared investment vision of both companies in the Saudi real estate market and their shared ambition to enhance its appeal by developing innovative, high-value projects. The fund will support the execution of two strategic developments in two of the Kingdom鈥檚 most prominent and dynamic cities.
In Riyadh, the fund will support the development of a luxury residential project in Al-Khuzama district, designed to offer a fully integrated residential environment. The project will feature a diverse range of private residences, premium services, and architectural designs aligned with 黑料社区鈥檚 modern vision. Strategically located near key landmarks in the capital, the project offers strong investment value and serves as an ideal choice for those seeking exceptional living in one of Riyadh鈥檚 most prestigious neighborhoods.
In Jeddah, the fund will support a mixed-use development in North Jeddah along King Abdulaziz Road. The project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Designed to meet the growing demand for integrated, lifestyle-centric developments, the project combines living, working, and leisure in one strategic location. Its architectural design reflects 黑料社区鈥檚 vision to preserve and modernize the Kingdom鈥檚 identity, contributing to the evolving urban landscape of Jeddah in a contemporary and forward-looking way.
Naif Saleh Alrajhi, chairman and CEO of Naif Alrajhi Investment, said: 鈥淲e are proud to partner with Aljazira Capital in developing two high-impact projects. Strategic locations were carefully selected, and the real estate offerings were designed based on thorough market research and trends, while ensuring alignment with the urban code and architectural identity of each region.鈥� He added: 鈥淭his collaboration reflects our ongoing commitment to developing distinctive real estate projects that enhance quality of life.鈥�
Naif Al-Mesned, CEO and managing director of Aljazira Capital, said: 鈥淎t Aljazira Capital, we remain dedicated to offering high-quality investment opportunities that align with our clients鈥� aspirations and respond to evolving market demands. The launch of this fund, in partnership with Naif Alrajhi Investment as a specialized real estate developer, reflects our strategy to diversify our investment offerings and reinforce our active presence in the real estate sector.鈥�
Bandar Al-Hogail, head of real estate assets at Aljazira Capital, added: 鈥淭he launch of this fund marks an important milestone in Aljazira Capital鈥檚 strategy to offer a diversified portfolio of high-quality real estate investment products.鈥� He added: 鈥淧artnering with experienced industry specialists such as Naif Alrajhi Investment 鈥� the developer behind the fund鈥檚 projects 鈥� is a key factor in ensuring project success and achieving targeted returns.鈥�
Naif Alrajhi Investment is one of the Kingdom鈥檚 leading investment groups, managing a diversified portfolio with a strong focus on the real estate sector. With a proven track record of success both locally and internationally, the company brings deep expertise and a strategic vision to developing real estate assets that meet the highest standards.