Al Ramz Real Estate Company announced the signing of an agreement to establish a real estate investment fund, managed by Oud Capital, to develop the “Al Ramz front” project in North Abhor, Jeddah. The total investment size of the fund is approximately SAR 650 million, with Al Ramz contributing SAR 81.6 million.

The agreement aims to develop an integrated residential community comprising 900 housing units, to be built on a group of land plots with a total area of 47,800 square meters, addressing the growing demand for modern residential projects in prime locations.

The launch of this fund aligns with Al Ramz’s strategy to diversify its investment tools and strengthen partnerships with financial institutions, contributing to the development of high-quality projects that meet the aspirations of clients and investors, while supporting the objectives of Saudi Vision 2030.