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الاقتصادية
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Al-Masar Sports Starts 700M Riyal Fund
Al Masar Al Riyadi Development Company announced the signing of a real estate investment fund valued at over 700 million Saudi Riyals, aimed at developing a luxury five-star hotel within Al Wadi destination in Hittin District, Riyadh. The fund seeks to strengthen the hospitality and lifestyle sectors, with Islamic Arab Investment Company managing its operations, while Rukaz Real Estate Company acts as the developer and investor. The project is situated on a land area of approximately 13,500 square meters, with built-up space reaching 34,400 square meters. It contributes to enhancing quality of life and creating investment opportunities, as part of Saudi Vision 2030's efforts to transform Riyadh into a globally livable city.
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