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.
STRATEGIC LOCATION AND VISION
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.
MODERN DESIGN AND AMENITIES
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.
AN INCOME GENERATING OPPORTUNITY
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.
SHARED ENTHUSIASM
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.
ADVANCING RIYADH'S DEVELOPMENT
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.
