Al-Bilad Capital has entered into an agreement with Rafal Real Estate Development, Al-Zahran Real Estate Development, Al-Muhaidib Group, and a pension fund, to launch the Rafal Living project, which involves the construction of a residential tower featuring luxury hotel-style apartments with distinctive designs and hotel-style management.
Commenting on the project, Khalid bin Abdulaziz Al-Muqairn, Chairman of the Board of Directors, said that this project will mark a qualitative leap in the concept of high-end apartments in the Kingdom, and in Riyadh specifically. It will represent a modern approach to the hotel apartment model, as the tower will be managed by “Kempinski,“ one of the world’s largest, most experienced, and professional companies in the field of luxury hotel operations, which will help achieve the highest returns for investors, God willing.
Khalid Al-Muqairn expressed his confidence in the partners due to their extensive experience in the real estate sector. ”By the grace of God, we have been able to establish these distinguished partnerships with a global reputation, which serve the investors“ best interests first and foremost. With this global expertise, he added that Rafal’s distinguished development projects and accumulated experience have greatly contributed to strengthening this partnership.
Al-Muqairn, Chairman of the Board of Directors of Al-Bilad Capital, explained that Al-Bilad Capital will always focus on providing the best and most distinctive offerings to its clients through the careful selection of projects that will consistently generate strong financial returns, with partners who possess expertise and a strong track record, so that they add value to any project Al-Bilad Capital undertakes and offers to investors.
