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Funds of 2B riyals for luxury housing in Diriyah and Wadi Safar
A two-billion riyal financing agreement has been signed between Diriyah Company and the National Bank of Bahrain, aimed at developing luxurious residential projects in Diriyah and Wadi Safar. This marks the first-ever partnership of its kind between the company and the bank. The financing seeks to promote real estate development in the area and accelerate the construction of high-quality homes to meet the demand for luxury housing. No details were provided regarding the timeline or the number of units to be developed, but the agreement highlights the private sector’s commitment to investing in distinguished residential projects within the historic and heritage areas.
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