30 Days
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الاقتصادية
Saudi Arabia Launches Knowledge Gardens Fund
The Knowledge Economic City plans to launch an investment fund valued at 7.5 billion riyals within the next six months to finance the Knowledge Gardens project, one of the largest mixed-use developments in the city, built on land exceeding 332,000 square meters. The project includes approximately 4,198 residential units, 183 serviced apartments, and a hotel with 450 rooms, along with 80,000 square meters of commercial and office spaces. Additionally, the company aims to develop around 40,000 hotel rooms and units, with gradual operational start-ups between 2028 and 2030, and the Hilton Hotel scheduled to open in mid-2027 as part of its strategy to increase income-generating assets. Furthermore, the company has launched two investment funds for the hospitality sector—one to develop the first phase of the Islamic World Boulevard project, and the other to finance the Al-Multaqa Hotels project, with a combined value of nearly 1.5 billion riyals. The company anticipates announcing new projects and partnerships related to its plans up to 2030.
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