To meet the kingdom’s increasing need for high-quality residential, commercial, and mixed-use spaces, Jadwa Investment, a preeminent investment management and advising organization in the Middle East, has granted contracts totaling SAR9 billion ($2.4 billion).
The Saudi group stated in a statement that these agreements were inked at Cityscape Global 2024, which was held last week in Riyadh, with important developers Real Estate Development Fund (REDF), Dar Al Majed Company, and Zood Real Estate.
It also stated that Jadwa hopes to support the capital’s quick rise to prominence as a worldwide center of culture and commerce through these projects located in Riyadh.
Jadwa Investment, which has three regional offices and its headquarters in Riyadh, manages and advises on client assets worth over SAR90 billion ($24 billion).
High-net-worth individuals, prominent family offices, local and foreign institutional investors, and government agencies are among its clientele.
“Jadwa Investment is proud to play an active role in shaping Saudi Arabia’s real estate landscape,” remarked its Managing Director and CEO Tariq Al Sudairy.
“Our commitment reflects our confidence in the market’s potential and in our partners’ execution capabilities,” he stated.
Haitham Al Ghannam, the Head of Real Estate, said: “Jadwa Investment’s real estate portfolio is expanding rapidly as we continue to execute our strategy of identifying and delivering high-value developments that meet the needs of Saudi Arabia’s dynamic economy and growing population.”
“As of October 2024, the firm is managing over SAR20 billion ($5.32 billion) in real estate assets across a range of developments and income-generating funds,” stated Al Ghannam.
“Over the past five years, Jadwa launched 36 new real estate development funds with a total value of SAR19.05 billion ($5.06 billion),” he added.
