{"id":108627,"date":"2026-08-12T09:56:24","date_gmt":"2026-08-12T06:56:24","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=108627"},"modified":"2026-08-12T09:56:25","modified_gmt":"2026-08-12T06:56:25","slug":"%d8%aa%d8%a3%d8%b3%d9%8a%d8%b3-%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d9%8a-%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d8%a8%d8%a3%d9%83%d8%ab%d8%b1-%d9%85%d9%86-700-%d9%85","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/108627\/","title":{"rendered":"Establishment of a real estate investment fund worth more than 700 million riyals to develop assets in the Al-Wadi destination"},"content":{"rendered":"

The company announced Sports track <\/a><\/strong>For development purposes, contracts were signed yesterday to award a real estate investment fund to Al Jazeera Capital and Rakaaz Real Estate, with a total value exceeding 700 million riyals, with the aim of developing key assets within the Al Wadi destination.

Hotel Development in the Hattin Neighborhood
<\/strong>The fund will be allocated to the development of a 5-star hotel within the Al-Wadi destination in the Hittin neighborhood, in partnership with Al-Jazira Capital, which will serve as the fund\u2019s manager, and Rukaz Real Estate as the developer and one of the investors, on a land area of approximately 13,500 square meters, with a total gross floor area of approximately 34,400 square meters, thereby contributing to the enhancement of the hospitality and lifestyle sectors within the project.
The fund embodies a model Sports track<\/a><\/strong> In partnership with the private sector to develop assets and facilities across its various destinations, and supports the objectives of Saudi Vision 2030 and the Quality of Life Program by improving quality of life, creating high-quality investment opportunities, and promoting the development of a more dynamic and interconnected integrated urban environment.

Destination: The Valley
<\/strong>The Wadi destination is located within the Sports Trail project in the Hattin neighborhood and stretches from Suwayd bin Haritha Street to the west to Al-Rab al-Khaly Street to the east. It was designed to provide integrated experiences that combine sports, nature, recreation, hospitality, and community engagement, in harmony with the project\u2019s \u201cSports Trail Code,\u201d which is derived from the principles of Salmani architecture and reinforces the urban identity of the city of Riyadh.
The fund is an extension of a series of investment agreements launched by Al-Masar Sports Foundation, following the previous announcement of two real estate investment funds with a total value exceeding 5.5 billion riyals in Al-Funun and Al-Wadi, bringing the total number of funds signed to date to three, with a combined value exceeding 6.2 billion riyals, reflecting Al-Masar Sports\u2019 commitment to enabling private-sector participation, enhancing the investment environment, and supporting Riyadh\u2019s transformation into one of the world\u2019s most livable cities.

Jane McGovern, CEO of the Riyadh Sports City Foundation, emphasized that the establishment of the fund represents an important step in strengthening the project\u2019s investment and development strategy, and reflects the partners\u2019 confidence in the long-term value of Al Masar Sports, as well as their shared commitment to developing destinations that improve quality of life, support economic growth, and reinforce Riyadh\u2019s position as one of the best cities to live in the world.

Sports Track Project
<\/strong>The Sports Trail project is one of the major projects in the city of Riyadh, and upon completion, it will span more than 135 kilometers through an interconnected network of sports, environmental, and recreational destinations, working to strengthen Riyadh\u2019s position in global rankings to become one of the world\u2019s most livable cities.
The opening of the first phase of the project in February 2025 marked a significant milestone in its development, with the launch of five unique destinations: Wadi Hanifa, Al-Bromide, the Arts Tower, the internal pathway at Princess Noura bint Abdulrahman University, and the first phase of Al-Ramal Sports Park, all of which contributed to enhancing quality of life and connecting western Riyadh with its eastern part.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Al-Masar Sports Development Company announced yesterday that it had signed contracts to award a real estate investment fund to Al-Jazira Capital and Rukaz Real Estate, with a total value exceeding 700 million riyals, with the aim of developing key assets within the Al-Wadi destination. Hotel Development in the Hatin Neighborhood: The fund will be allocated to the development of a 5-star hotel within the Al-Wadi destination in the Hatin neighborhood, in partnership with Al-Jazira Capital in its capacity as \u2026 Read 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