Sporting Path Foundation has signed an agreement with Ajdan Real Estate Development Company and Al Bilad Financial Company to establish a specialized real estate investment fund with a value of 1 billion riyals. The objective is to develop a multi-use project in the Arts Zone, one of the eight areas of the Sporting Path project.
This fund represents a unique model of collaboration between the public and private sectors. “Sporting Path Development and Real Estate Investment Company” will be the major partner in the fund. Ajdan Real Estate Development Company will handle the real estate development aspects of the project and participate as an investor in the fund. Al Bilad Financial Company will manage the fund.
The project aims to construct a diverse range of residential, commercial, office, and entertainment facilities in accordance with the urban code of the Sporting Path, derived from Salmanian architectural principles.
Covering an area of 20,000 square meters within the Sporting Path project along Prince Mohammed bin Salman Road, the project will include approximately 120,000 square meters of built-up areas with total leasable spaces exceeding 60,000 square meters, providing a vibrant experience for both residents and visitors alike.