Al Ramz Real Estate documented the signing of a real estate investment agreement with SNB Capital, comprising three real estate investment funds aimed at developing several residential land plots within the Al Jawhara Masterplan in Al Raed District, Riyadh, with a total value exceeding SAR 4.620 billion.
The agreement was signed in the presence of Mr. Rasheed Al-Rasheed, Chairman of Al Ramz Real Estate, and Mr. Rashed Shareef, CEO of SNB Capital, as part of an investment partnership focused on developing high-quality real estate opportunities in one of Riyadh’s strategically located areas.
The agreement covers the development of several land plots with a total area exceeding 131,000 square meters, with the development expected to comprise approximately 3,300 residential units. The project aims to contribute to providing residential options that meet market demand and the needs of homeowners and investors.
The project is envisioned as an integrated residential destination offering a renewed concept of modern living through an urban environment featuring green spaces and a central park, complemented by a strategic location with integrated infrastructure and convenient access to nearby services. Sales are expected to launch in Q1 2027 under the off-plan salesmodel, providing prospective buyers with the opportunity to purchase at launch-phase prices.
The project forms part of the strategic relationship between Al Ramz Real Estate and SNB Capital, through a portfolio of ongoing investments and projects exceeding SAR 10 billion, reflecting the strength of the partnership and SNB Capital’s confidence in Al Ramz’s strategy and its ability to develop residential projects with a sustainable impact.
Al Ramz Real Estate continues to advance its vision of developing integrated communities and urban destinations, leveraging its experience in the real estate sector and its capabilities across the various stages of project development. Through this approach, the company seeks to contribute to the growth of the real estate sector and support the objectives of Saudi Vision 2030.
