Al-Maarefa City to Launch 7.5B Riyal Real Estate Fund

The Knowledge City Company announced the signing of a Letter of Intent with Saudi French Capital to establish and manage a private real estate investment fund with an estimated total value of up to 7.5 billion SAR. The fund aims to develop the Knowledge Gardens project in Madinah. The project includes investments worth 1.66 billion SAR in land, with expected revenues reaching 10.2 billion SAR. Its implementation will take four years, including three years for development and one year for marketing and exit. The project seeks to strengthen the city's economic position and provide a comprehensive, sustainable urban environment, with a focus on attracting investors and enhancing the project's regional and international presence.

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