Sports Boulevard Doubles Value of Private Real Estate Investment Fund for Riyadh Arts District to SAR2 Bln aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.
Sports Boulevard Foundation is looking at doubling the value of real estate investment fund for its premium destination, Arts District, in Riyadh to SAR2 billion ($533 million). Plans are afoot to develop a mixed-use lifestyle hub within the mega project.
In its inaugural private sector partnership, the Sports Boulevard Foundation (SBF) signed an agreement with Ajdan real estate development company, and Albilad Capital to establish a private mixed-use real estate fund valued at SAR 1 billion for the development of the private plots within the Arts District, one of the eight districts of the Sport Boulevard project. Structured as a private closed-ended real investment estate fund, managed by Albilad Capital, the collaboration aligns the interests of both the project and the private sector.
Sports Boulevard Foundation (SBF) has signed an agreement with Saudi developer Ajdan and Albilad Capital to establish a private mixed-use real estate fund worth SAR1 billion ($266 million) for the development of private plots within the Arts District.
In its inaugural private sector partnership, the Sports Boulevard Foundation (SBF) signed an agreement with Ajdan real estate development company, and Albilad Capital to establish a private mixed-use real estate fund valued at SAR 1 billion for the development of the private plots within the Arts District, one of the eight districts of the Sport Boulevard project.