{"id":80794,"date":"2025-07-17T10:16:09","date_gmt":"2025-07-17T07:16:09","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=80794"},"modified":"2025-11-25T20:59:06","modified_gmt":"2025-11-25T20:59:06","slug":"%d8%b1%d8%b5%d8%af-745-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%b1%d9%8a%d8%a7%d9%84-%d9%84%d8%a5%d8%b7%d9%84%d8%a7%d9%82-%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d9%88%d8%aa%d8%b4","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/80794\/","title":{"rendered":"745 million riyals to launch a real estate fund and build more than 1000 residential and commercial units in Jeddah"},"content":{"rendered":"<p>Announced <strong><a href=\"https:\/\/www.emiratesnbdcapital.com.sa\/ar\">Emirates NBD Capital<\/a><\/strong>In partnership with<strong><a href=\"https:\/\/afaqco.sa\/\"> Afaq Real Estate Investment and Development Company<\/a><\/strong>announced the launch of a SAR 745 million real estate fund to develop Uptown Jeddah, one of Jeddah's premier residential projects.<\/p>\n<p>The project aims to build 960 residential units and 65 commercial units in a strategic location on Prince Majed Road, close to the most vital areas of the city. The project includes 6 integrated residential complexes, which enhances ownership opportunities and provides an advanced urban environment that meets the aspirations of residents.<\/p>\n<p>The agreement was signed under the auspices of the Ministry of Municipalities and Housing, within the framework of the partnership between the public and private sectors to support the implementation of integrated housing projects in line with the Kingdom's Vision 2030 and contribute to achieving the objectives of the housing program by providing quality and affordable housing units.<\/p>\n<p>Engineer Tariq bin Abdullah Al-Zeer, Director General of the General Directorate of Real Estate Development Operations at the Ministry, emphasized that the project is a successful model of partnership between the two sectors.<\/p>\n<p>\u201cThe Uptown Jeddah project contributes to increasing the housing supply in Jeddah, but excellence is not limited to the number, but extends to the quality of life and strategic location, which raises the level of reassurance and confidence of the beneficiaries. The government's support for partnerships with the private sector is a key pillar in enabling citizens to own secure and sustainable homes.\u201d<\/p>\n<p>Jawad Kiwan, CEO of Emirates NBD Capital, expressed his pride in launching this project, saying: \u201cEmirates NBD Capital is delighted to launch the Uptown Jeddah Real Estate Fund in partnership with AFAC and under the patronage of the Ministry of Municipalities and Housing. The fund reflects investor confidence in the Saudi real estate economy and embodies our commitment to support the Kingdom's efforts to increase ownership rates and achieve the goals of the vision.\u201d<\/p>\n<p>Asim Al Kathiri, CEO of AFAC, also highlighted the economic and developmental dimensions of the project, adding: \u201cThe project is located in the heart of Jeddah and is characterized by quality of life and shared services, and we aspire to be a successful model in real estate partnership. We are confident that the Uptown Jeddah Fund will generate attractive returns for investors and will be a new success story to add to AFAC's track record in the real estate sector.\u201d<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>\u0623\u0639\u0644\u0646\u062a \u0634\u0631\u0643\u0629 \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u062f\u0628\u064a \u0627\u0644\u0648\u0637\u0646\u064a \u0643\u0627\u0628\u064a\u062a\u0627\u0644\u060c \u0628\u0627\u0644\u0634\u0631\u0627\u0643\u0629 \u0645\u0639 \u0634\u0631\u0643\u0629 \u0622\u0641\u0627\u0642 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0627\u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u060c \u0639\u0646 \u0625\u0637\u0644\u0627\u0642 \u0635\u0646\u062f\u0648\u0642 \u0639\u0642\u0627\u0631\u064a \u0628\u0642\u064a\u0645\u0629 745 \u0645\u0644\u064a\u0648\u0646 \u0631\u064a\u0627\u0644 \u0633\u0639\u0648\u062f\u064a \u0644\u062a\u0637\u0648\u064a\u0631 \u0645\u0634\u0631\u0648\u0639 &#8220;\u0622\u0628\u062a\u0627\u0648\u0646 \u062c\u062f\u0629&#8221;\u060c \u0623\u062d\u062f \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0627\u0644\u0633\u0643\u0646\u064a\u0629 \u0627\u0644\u0646\u0648\u0639\u064a\u0629 \u0641\u064a \u0645\u062f\u064a\u0646\u0629 \u062c\u062f\u0629. \u0648\u064a\u0647\u062f\u0641 \u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0625\u0644\u0649 \u062a\u0634\u064a\u064a\u062f 960 \u0648\u062d\u062f\u0629 \u0633\u0643\u0646\u064a\u0629 \u064865 \u0648\u062d\u062f\u0629 \u062a\u062c\u0627\u0631\u064a\u0629 \u0641\u064a \u0645\u0648\u0642\u0639 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a \u0639\u0644\u0649 \u0637\u0631\u064a\u0642 \u0627\u0644\u0623\u0645\u064a\u0631 \u0645\u0627\u062c\u062f\u060c \u0628\u0627\u0644\u0642\u0631\u0628 \u0645\u0646 \u0623\u0628\u0631\u0632 \u0627\u0644\u0645\u0646\u0627\u0637\u0642 \u0627\u0644\u062d\u064a\u0648\u064a\u0629 &#8230; <a title=\"745 million riyals to launch a real estate fund and build more than 1000 residential and commercial units in Jeddah\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/80794\/\" aria-label=\"Read more about \u0631\u0635\u062f 745 \u0645\u0644\u064a\u0648\u0646 \u0631\u064a\u0627\u0644 \u0644\u0625\u0637\u0644\u0627\u0642 \u0635\u0646\u062f\u0648\u0642 \u0639\u0642\u0627\u0631\u064a \u0648\u062a\u0634\u064a\u064a\u062f \u0623\u0643\u062b\u0631 \u0645\u0646 1000 \u0648\u062d\u062f\u0629 \u0633\u0643\u0646\u064a\u0629 \u0648\u062a\u062c\u0627\u0631\u064a\u0629 \u0641\u064a \u062c\u062f\u0629\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":84044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[107],"tags":[],"class_list":["post-80794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funds-reits"],"acf":{"amlak_post_excerpt":"\u0635\u0646\u062f\u0648\u0642 \u0639\u0642\u0627\u0631\u064a \u0628\u0642\u064a\u0645\u0629 745 \u0645\u0644\u064a\u0648\u0646 \u0631\u064a\u0627\u0644 \u062a\u0637\u0644\u0642\u0647 \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u062f\u0628\u064a \u0627\u0644\u0648\u0637\u0646\u064a \u0643\u0627\u0628\u064a\u062a\u0627\u0644 \u0648\u0622\u0641\u0627\u0642 \u0644\u0628\u0646\u0627\u0621 960 \u0648\u062d\u062f\u0629 \u0633\u0643\u0646\u064a\u0629 \u064865 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