Construction & Real Estate

Rikaz expands into Saudi education sector with new fund

Saudi developer Rikaz said it has joined First Avenue Real Estate Development Company, AlMajdiah and SNB Capital for the establishment of a new investment fund that is focused on the kingdom's education sector. This initiative represents a strategic step in Rikaz’s growth journey, expanding its investments into a vital sector directly linked to human capital development and improving quality of life. ...

Construction & Real Estate

Rikaz consortium lands $566m Makkah mixed-use project contract

Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah. ...