SAUDI ARABIA: Naif Alrajhi Investment has partnered with Aljazira Capital to launch a SAR1.7 billion (US$453.33 million) closed private real estate investment fund for two projects in Riyadh and Jeddah. The fund will support development of a luxury residential project in Riyadh’s Al Khuzama district while Jeddah’s mixed-use development along King Abdulaziz Road will feature residential and commercial towers, a luxury hotel, office spaces and retail outlets.
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