Al-Masar Sports launches 700M Riyal real estate fund

Al Masar Al Riyadi Development Company has launched a real estate investment fund exceeding 700 million SAR, aimed at developing a luxury five-star hotel in Wadi Destination, Hittin District, Riyadh. The fund’s focus is on boosting the hospitality and lifestyle sectors within the Wadi Destination project. The fund is managed by Al Jazeera Capital and developed by Rakaaz Real Estate. This initiative is part of efforts to support Saudi Arabia’s Vision 2030 and improve quality of life, as the project contributes to creating investment opportunities and enhancing the urban environment of the capital. Additionally, it seeks to strengthen Riyadh’s position as a vibrant and attractive capital for residents and visitors alike.

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