Sidra Capital’s Post

Saudi Arabia is now allowing foreign investors to invest in publicly listed real estate companies in Makkah and Madinah. The Capital Market Authority’s new regulations will enable non Saudis to invest in shares of these companies, with ownership capped at 49%. The move aims to attract foreign investment into companies such as the Jabal Omar Development Company in Makkah and Knowledge Economic City in Madinah to boost developmental projects aligning with Saudi Vision 2030. https://lnkd.in/dD5H9CFz #saudiarabia #ksa #saudi #saudiarabia #saudinews #saudiarabianews #makkah #madinah #realestate #thesaudiboom

Hattan Alsharif, Ph.D. recently shared insights with Asharq Business اقتصاد الشرق, highlighting the key growth drivers set to shape Saudi Arabia's residential market over the next five years. The discussion covered the significant role of international developers, the impact of foreign investments, and innovative financing solutions for the residential sector.   Watch the interview in Arabic here: https://cbre.co/3Bu0ry3   #CBREMENA #RealEstateInsights #SaudiArabiaRealEstate

The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement worth US$25 million with the Government of #Rwanda to finance the expansion of water transmission and distribution systems at Karenge water treatment plant in Rwamagana District.

Alistithmar Capital and Ezdihar Real Estate team up to launch a $293 million property development fund, poised to reshape Riyadh's commercial landscape. 🔹 Strategic Partnership: Aiming to maximize investors' capital growth, the fund will develop a revenue-generating commercial office complex on a prime 103,000 sq. m parcel of land within King Saud University's premises. 🔹 Tailored Opportunities: CEO Khaled Abdulaziz Al-Rayes highlights their commitment to offering high-quality investment prospects, ensuring optimal returns in the ever-evolving real estate sector. 🔹 Customer-Centric Approach: Abdulmohsen Fawaz Al-Hokair, CEO of Ezdihar, emphasizes their dedication to providing unique investment opportunities aligned with customer expectations. 🔹 Continued Success: This partnership follows Alistithmar Capital's previous agreement with Safa Investment Co. to launch real estate funds, underscoring their commitment to driving growth in Saudi Arabia's property market. 🔹 Recognition: Forbes Middle East ranks Alistithmar Capital among the largest asset management firms in Saudi Arabia and the Middle East, with approximately SR32 billion in total assets under management. #RealEstateInvestment #PropertyDevelopment #FinancialAdvisory #CommercialRealEstate #RiyadhBusiness #InvestmentOpportunity #Entrepreneur

𝗥𝗼𝘀𝗵𝗻 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗦𝗔𝗥 𝟵𝗯𝗻 𝗖𝗿𝗲𝗱𝗶𝘁 𝗙𝗮𝗰𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 🚀 an article by Mubasher.Info معلومات مباشر 💳𝗖𝗿𝗲𝗱𝗶𝘁 𝗙𝗮𝗰𝗶𝗹𝗶𝘁𝘆: Roshn, a subsidiary of the Public Investment Fund (PIF), has secured a SAR 9 billion (approximately USD 2.4 billion) credit facility from a consortium of local and international banks. ✅𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁: Roshn has also unveiled a development agreement with Retal Urban Development Company, a leading Saudi real estate developer. 🔎𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: The credit facility will be used to finance Roshn's projects, including the development of a new city in Riyadh, which will feature residential units, commercial spaces, and community facilities. 🤝𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘄𝗶𝘁𝗵 𝗥𝗲𝘁𝗮𝗹: The development agreement with Retal will see the two companies collaborate on the development of the new city, with Retal responsible for the project's master planning, design, and construction. ⏳𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗧𝗶𝗺𝗲𝗹𝗶𝗻𝗲: The project is expected to be completed within the next 5-7 years, with the first phase set to be delivered within the next 3 years. 📈𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗜𝗺𝗽𝗮𝗰𝘁: The project is expected to have a significant impact on the Saudi economy, creating thousands of jobs and contributing to the country's GDP growth. the article link: https://lnkd.in/gP6DxaVe #RoshnDevelopment #SaudiRealEstate #PIFInvestments

Saudi Arabia has just opened its doors to foreign investment in Makkah and Madinah’s real estate sector. The Saudi Capital Market Authority (CMA) now allows non-Saudis to invest in shares of listed companies owning property in these holy cities, a historic move under Vision 2030. This change aims to attract global capital, create liquidity for development projects, and strengthen Saudi Arabia’s position in the global capital market. Foreigners can own up to 49% of shares in these companies, marking a major step forward in the Kingdom’s economic diversification. The impact was immediate, with real estate stocks like Knowledge Economic City and Jabal Omar Development Co. soaring. #TreadingPakistan #SaudiVision2030 #ForeignInvestment #CapitalMarket #RealEstate

The Al Ansar Hospital PPP – the first public-private partnership (PPP) hospital project in Saudi Arabia – was named the Middle East and Africa Social Infrastructure Deal of the Year at the 2024 Project Finance International (PFI) Awards. Learn more: https://lnkd.in/eySufmZe #mena #pfiawards #dealoftheyear

The Al Ansar Hospital PPP – the first public-private partnership (PPP) hospital project in Saudi Arabia – was named the Middle East and Africa Social Infrastructure Deal of the Year at the 2024 Project Finance International (PFI) Awards. Learn more: https://lnkd.in/gT2uKbRm #mena #pfiawards #dealoftheyear

Building one of the top destinations in the world

Saudi-listed Knowledge and Economic City (KEC) has announced a closed-ended real estate investment fund, partnering with Sidra Capital and Raseel Properties. The fund will focus on the SAR 1.04 billion ($277 million) Al Duha mixed-use project, featuring hospitality, residential, retail, and office spaces. KEC will contribute the land as an in-kind investment, and the project is set to launch in Q1 2025, with completion expected by Q1 2029. This initiative aligns with Saudi Arabia’s ongoing efforts to diversify its economy and promote investment in real estate. #KEC #RealEstateInvestment #AlDuhaProject #SaudiArabia #InvestmentOpportunities