Knowledge City and Caden sign MoU for 2.5B Riyal Medina real estate fund
A memorandum of understanding has been signed between Madinah Knowledge Economic City Company, Kaden, and Capital Hill to establish a closed real estate investment fund with a value exceeding 2.5 billion SAR in Madinah. The fund aims to develop an integrated multi-use destination that includes more than 1,500 residential units and over 30,000 square meters of commercial spaces, in addition to green areas and open spaces. The investment fund will oversee the development, with Madinah Knowledge Economic City acting as the main developer and landowner, Kaden serving as developer, operator, and investor. The project focuses on providing a modern destination that meets the growing demand for housing and commercial space, while also supporting the urban and economic growth of the city in line with Saudi Arabia’s Vision 2030. The initiative seeks to integrate residential, commercial, and hotel components within a strategic plan that links daily living, hospitality, and entertainment, thereby supporting the long-term development of the city and the region.
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