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Al-Masar Al-Riyadi launches 700M riyal property fund
Al-Masar Sports Development Company announced the signing of a contract awarding a real estate investment fund worth over 700 million Riyals. The goal is to develop a five-star hotel as part of Wajhat Al-Wadi project in Hittin neighborhood, Riyadh. The fund is dedicated to developing assets in the area, which will feature comprehensive experiences that combine sports, nature, entertainment, and hospitality. This is part of a larger project spanning more than 135 kilometers, aimed at improving quality of life and enhancing Riyadh’s global standing as a preferred city to live in. The announcement comes within the context of the company’s efforts to empower the private sector and increase the number of investment funds, with expectations that the project will support economic growth and transform Riyadh into a global hub for sustainable living.
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