MoneyDo launches operations in KAFD
As the Kingdom's premier business and lifestyle destination, KAFD offers a sustainable, digitally integrated ecosystem at the heart of Riyadh. Spanning 1.6 million sqm with 95 iconic buildings, it is the world's largest LEED Platinum-certified mixed-use business district, designed to drive innovation and attract global investment in line with Vision 2030.
By joining KAFD's vibrant community, MoneyDo benefits from its proximity to leading financial institutions, real estate developers, and key decision-makers. The district's world-class infrastructure and direct metro access create an ideal environment that empowers the company to scale its operations and deliver innovative real estate investment solutions.
This launch marks a strategic step in MoneyDo's efforts to strengthen its position in Saudi Arabia's real estate investment landscape by establishing itself in an environment that fosters financial and technological innovation and contributes to building an integrated investment ecosystem. The move aims to develop high-value partnerships with leading real estate developers and financial institutions in the Kingdom.
Mr. Nasser Al-Mubarak, CEO of MoneyDo, Board Member, and Head of its Executive Office, stated:
'Our presence in KAFD reflects our vision to be part of a flexible and secure investment environment — one that enables everyone to access real, transparent, and reliable real estate opportunities using the latest technologies, through an easy-to-use platform that makes investing simple and seamless.'
Sultan Alobaida, Chief Commercial Officer at KAFD DMC, said:
'The digital real estate investment sector is witnessing remarkable growth in the Kingdom and globally, driven by advances in financial technologies and the growing demand for platforms that provide direct and transparent access to investment opportunities. By welcoming MoneyDo to KAFD, we reaffirm our commitment to providing a business environment that fosters innovation and empowers businesses to grow and transform their respective industries, in line with Saudi Vision 2030's goal of building a diverse digital economy.'
MoneyDo's presence at KAFD is expected to enhance opportunities for collaboration and partnerships with key players in the financial and real estate sectors, paving the way for innovative investment projects that improve operational efficiency, increase market value, diversify risk, and boost competitiveness, positively contributing to the national economy.
MoneyDo is a pioneering platform in Saudi Arabia's digital real estate investment space, offering innovative solutions that enable individuals to invest in a diverse range of real estate projects — including residential, commercial, and hospitality — while adhering to the highest standards of governance and compliance, and aligning with Vision 2030's objectives to boost the economy and diversify income streams.
About KAFD
Situated in the Saudi capital, Riyadh, KAFD is an iconic destination that merges the worlds of business and lifestyle in a digitally integrated and sustainable ecosystem, transforming the way contemporary communities live, work, and play. The destination is owned and managed by King Abdullah Financial District Development and Management Company (KAFD DMC), which was established in 2018 and is a PIF Company.
With a vision to build a dynamic city of tomorrow, the Kingdom's first vertical city solution, spanning 1.6 million square meters with 95 buildings designed by 25 world-leading architectural firms, has not only shaped the skyline of Riyadh but also transformed the city's economic landscape and redefined the essence of urban living. It is the world's largest LEED platinum-certified business and lifestyle district, epitomizing Saudi Arabia's vision for economic diversification, quality of life, and sustainable development.
For further details about KAFD, please visit www.kafd.sa
Media Contact
Please address any enquiries to media@kafd.sa
Follow KAFD on LinkedIn and X.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
2 hours ago
- The National
Quiz of the week: August 15, 2025
Vanuatu: $130,000 Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power. Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees. Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day. Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
Arabian Business
8 hours ago
- Arabian Business
Dubai construction inspections surge 36% in 2025 as sustainability efforts hit new milestone
Dubai Municipality has ramped up its oversight of the emirate's building sector, completing more than 25,000 field inspections in the first half of 2025 — a 36 per cent jump compared to the same period last year. The inspections covered more than 18,800 active construction sites with a combined built-up area of more than 36 million square metres, up 11 per cent year-on-year, reflecting Dubai's continued expansion in real estate and infrastructure. The Municipality reported a 96 per cent compliance rate, underscoring its push to ensure safety, quality, and sustainability in line with Dubai's ambition to be the world's smartest and most sustainable city in construction. Dubai construction inspections Between January and June, 1,669 building completion certificates were issued, up 30 per cent from 2024, adding nearly 2 million square metres of new residential, commercial, and industrial space. This included: 1,484 villas 74 multi-storey buildings 60 industrial facilities Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency at Dubai Municipality, said: 'Dubai Municipality places great emphasis on precise engineering oversight of construction activities, considering it a key tool to regulate the sector and elevate its standards, in line with our unwavering commitment to developing it into the world's smartest and most sustainable. 'We aim to provide a safe and sustainable construction environment, applying the highest quality and safety standards at all stages, which contribute to enhancing residents' quality of life and reinforcing Dubai's position as a leading hub in construction and building. 'Today, Dubai is not just a rapidly developing city — it is a global platform offering a sustainable model for future urban development. We remain committed to pursuing this ambitious vision, working hand in hand with our partners in the construction sector to drive sustainability, excellence, and innovation.' Sustainability remains central to Dubai's construction strategy. In the first half of 2025, more than 1.5 million cubic metres of green concrete were used, while 16.4 million cubic metres of soil were recycled — equivalent to filling 6,500 Olympic swimming pools. The Municipality also issued 4,222 sand transport and supply permits and approved 1,126 free sand requests for Emirati citizens building private villas. These measures form part of a wider vision to streamline building procedures, enhance governance, and maintain legislative flexibility, reinforcing the emirate's appeal as a global investment hub in the construction sector.
Gulf Business
8 hours ago
- Gulf Business
RAK Properties H1 net profit jumps 80% on higher sales, Mina project growth
Image: Supplied RAK Properties reported an 80 per cent rise in its H1 net profit, driven by higher sales and continued development at its Mina flagship development. The UAE-based developer posted net profit of Dhs160.6m ($43.7m) for the six months to June 30, up from Dhs89.06m a year earlier. Revenue for the period was Dhs774.79m. RAK Properties H1: Key highlights Sales value more than doubled to Dhs1.41bn from Dhs703m last year, supported by a 59 per cent increase in the number of units sold to 788. The company's development backlog rose 42 per cent to Dhs2.62bn. Operating profit increased 47 per cent to Dhs204.15m, while EBITDA grew 42 per cent to Dhs239.25m. Total assets rose 3.5 per cent to Dhs8.29bn, and capital and reserves increased 3 per cent to Dhs5.70bn. Chairman Abdulaziz Abdullah Al Zaabi said the results reflected the company's growth and the appeal of Ras Al Khaimah as a property investment destination. 'The emirate's diversified economy, investor-friendly regulations, and growing population reflect an increasing demand for a new kind of modern, urban-beachfront community with Mina as its vibrant heart,' Al Zaabi said in a statement. Chief executive Sameh Muhtadi said the company's performance was supported by new residential launches, hotel announcements, and international interest in Ras Al Khaimah. Read:
