Latest news with #NaifAlrajhiInvestment
Arab News
a day ago
- Business
- Arab News
Naif Alrajhi Investment, Aljazira Capital launch SR1.7bn fund
Naif Alrajhi Investment has formed a strategic partnership with Aljazira Capital to launch a closed private real estate investment fund. Valued at SR1.7 billion ($453.2 million), the fund will focus on the development of two high-impact real estate projects in Riyadh and Jeddah. This partnership underscores the shared investment vision of both companies in the Saudi real estate market and their shared ambition to enhance its appeal by developing innovative, high-value projects. The fund will support the execution of two strategic developments in two of the Kingdom's most prominent and dynamic cities. In Riyadh, the fund will support the development of a luxury residential project in Al-Khuzama district, designed to offer a fully integrated residential environment. The project will feature a diverse range of private residences, premium services, and architectural designs aligned with Saudi Arabia's modern vision. Strategically located near key landmarks in the capital, the project offers strong investment value and serves as an ideal choice for those seeking exceptional living in one of Riyadh's most prestigious neighborhoods. In Jeddah, the fund will support a mixed-use development in North Jeddah along King Abdulaziz Road. The project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Designed to meet the growing demand for integrated, lifestyle-centric developments, the project combines living, working, and leisure in one strategic location. Its architectural design reflects Saudi Arabia's vision to preserve and modernize the Kingdom's identity, contributing to the evolving urban landscape of Jeddah in a contemporary and forward-looking way. Naif Saleh Alrajhi, chairman and CEO of Naif Alrajhi Investment, said: 'We are proud to partner with Aljazira Capital in developing two high-impact projects. Strategic locations were carefully selected, and the real estate offerings were designed based on thorough market research and trends, while ensuring alignment with the urban code and architectural identity of each region.' He added: 'This collaboration reflects our ongoing commitment to developing distinctive real estate projects that enhance quality of life.' Naif Al-Mesned, CEO and managing director of Aljazira Capital, said: 'At Aljazira Capital, we remain dedicated to offering high-quality investment opportunities that align with our clients' aspirations and respond to evolving market demands. The launch of this fund, in partnership with Naif Alrajhi Investment as a specialized real estate developer, reflects our strategy to diversify our investment offerings and reinforce our active presence in the real estate sector.' Bandar Al-Hogail, head of real estate assets at Aljazira Capital, added: 'The launch of this fund marks an important milestone in Aljazira Capital's strategy to offer a diversified portfolio of high-quality real estate investment products.' He added: 'Partnering with experienced industry specialists such as Naif Alrajhi Investment — the developer behind the fund's projects — is a key factor in ensuring project success and achieving targeted returns.' Naif Alrajhi Investment is one of the Kingdom's leading investment groups, managing a diversified portfolio with a strong focus on the real estate sector. With a proven track record of success both locally and internationally, the company brings deep expertise and a strategic vision to developing real estate assets that meet the highest standards.
Zawya
3 days ago
- Business
- Zawya
Naif Alrajhi Investment, Aljazira Capital launch $453mln real estate investment fund
Saudi investment firms Naif Alrajhi Investment and Aljazira Capital have partnered to launch a 1.7 Saudi billion riyal ($453 million) closed private real estate investment fund for the development of two high-impact real estate projects in Riyadh and Jeddah. In Riyadh, the fund will support the development of a luxury residential project in Al Khuzama district, and in Jeddah, it will support a mixed-use development along King Abdulaziz Road, a joint press statement said. The North Jeddah project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Last week, Naif Alrajhi Investment had announced a partnership deal with the Saudi subsidiary of Morocco-based contractor TGCC (Travaux Généraux de Construction de Casablanca) to collaborate on the construction of projects developed by the Saudi company within the Kingdom. (Writing by SA Kader; Editing by Anoop Menon) (
Zawya
3 days ago
- Business
- Zawya
Naif Alrajhi Investment and Aljazira Capital launch a SAR 1.7bln real estate fund
Naif Alrajhi Investment has formed a strategic partnership with Aljazira Capital to launch a closed private real estate investment fund. Valued at SAR 1.7 billion, the fund will focus on the development of two high-impact real estate projects in Riyadh and Jeddah. This partnership underscores the shared investment vision of both companies in the Saudi real estate market and their shared ambition to enhance its appeal by developing innovative, high-value projects. The fund will support the execution of two strategic developments in two of the Kingdom's most prominent and dynamic cities. In Riyadh, the fund will support the development of a luxury residential project in Al Khuzama district, designed to offer a fully integrated residential environment that elevates quality of life. The project will feature a diverse range of private residences, premium services, and architectural designs aligned with Saudi Arabia's modern vision. Strategically located near key landmarks in the capital, the project offers strong investment value and serves as an ideal choice for those seeking exceptional living in one of Riyadh's most prestigious neighborhoods. In Jeddah, the fund will support a mixed-use development in North Jeddah along King Abdulaziz Road. The project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Designed to meet the growing demand for integrated, lifestyle-centric developments, the project combines living, working, and leisure in one strategic location. Its architectural design reflects Saudi Arabia's vision to preserve and modernize the Kingdom's identity, contributing to the evolving urban landscape of Jeddah in a contemporary and forward-looking way. On this occasion, Mr. Naif Saleh Alrajhi, Chairman and CEO of Naif Alrajhi Investment, commented: 'We are proud to partner with Aljazira Capital in developing two high-impact projects. Strategic locations were carefully selected, and the real estate offerings were designed based on thorough market research and trends, while ensuring alignment with the urban code and architectural identity of each region.' He added: 'This collaboration reflects our ongoing commitment to developing distinctive real estate projects that enhance quality of life.' For his part, Mr. Naif Al-Mesned, CEO and Managing Director of Aljazira Capital, stated: 'At Aljazira Capital, we remain dedicated to offering high-quality investment opportunities that align with our clients' aspirations and respond to evolving market demands. The launch of this fund, in partnership with Naif Alrajhi Investment as a specialized real estate developer, reflects our strategy to diversify our investment offerings and reinforce our active presence in the real estate sector.' Mr. Bandar Al-Hogail, Head of Real Estate Assets at Aljazira Capital, also emphasized: 'The launch of this fund marks an important milestone in Aljazira Capital's strategy to offer a diversified portfolio of high-quality real estate investment products.' He added: 'Partnering with experienced industry specialists such as Naif Alrajhi Investment — the developer behind the fund's projects — is a key factor in ensuring project success and achieving targeted returns.' Naif Alrajhi Investment is one of the Kingdom's leading investment groups, managing a diversified portfolio with a strong focus on the real estate sector. With a proven track record of success both locally and internationally, the company brings deep expertise and a strategic vision to developing real estate assets that meet the highest standards.
Arab News
20-05-2025
- Business
- Arab News
Naif Alrajhi, TGCC partner to execute landmark projects in KSA
In a strategic move aimed at contributing to the continued growth and diversification of Saudi Arabia's real estate sector, Naif Alrajhi Investment, a Saudi investment group and a leader in real estate development, financial markets, and mergers and acquisitions, has entered into a partnership with Travaux Généraux de Construction de Casablanca — a leader in the construction industry — through its Saudi subsidiary TGCC Middle East. The partnership will collaborate on the construction of projects developed by Naif Alrajhi Investment within the Kingdom, underscoring the strong confidence and significant potential both parties see in the Saudi real estate market. This collaboration builds on the complementary strengths of both organizations and reinforces their shared commitment to contributing to the Kingdom's dynamic growth. Naif Alrajhi Investment is one of the prominent groups in the Kingdom, managing a diversified investment portfolio with a particular focus on the real estate sector. With a strong track record of successful projects both within Saudi Arabia and internationally, the company continues to demonstrate its extensive expertise and strategic vision in real estate development, further solidifying its position as a key player in the industry. TGCC stands among the top-tier construction firms operating across Africa and the Middle East. With a proven track record of over 1,000 successfully delivered projects and a workforce exceeding 14,000 employees globally, TGCC generates consolidated revenues of more than 8 billion Moroccan dirhams ($867 million). The company maintains a robust presence in six African countries in addition to the Middle East and is distinguished by its international certifications in quality, safety, and environmental standards. In 2021, TGCC was successfully listed on the Casablanca Stock Exchange, marking a major milestone in its growth journey. Naif Saleh Alrajhi, chairman and CEO of Naif Alrajhi Investment, said: 'This alliance with TGCC Middle East aligns perfectly with our vision to contribute to the development of vibrant, forward-looking urban environments in Saudi Arabia and beyond. We are pleased to collaborate with a partner known for its technical excellence and reliability. This partnership supports our commitment to Saudi Vision 2030 by enabling the development of high-quality, sustainable projects that serve the needs of tomorrow.' Mohammed Bouzoubaa, chairman and CEO of TGCC, added: 'This strategic partnership represents a significant step in TGCC's international expansion and demonstrates our strong commitment to supporting Saudi Arabia's ongoing transformation. Through our collaboration with Naif Alrajhi Investment, and by leveraging their deep understanding of the regional market, we aim to deliver projects that set new standards in innovation, sustainability, and execution.' The agreement reinforces Naif Alrajhi Investment's strategic focus on impactful, high-quality developments that align with national development goals. 'With a shared vision of excellence, the two companies aim to contribute meaningfully to Saudi Arabia's urban and economic evolution,' a statement said.
Morocco World
20-05-2025
- Business
- Morocco World
Morocco's Construction Giant TGCC Expands to Saudi Market
Doha – Morocco's leading construction company TGCC has entered the Saudi Arabian market through a strategic partnership with Naif Alrajhi Investment. The agreement, announced on Monday, will see TGCC's Middle East subsidiary collaborate on construction projects developed by the Saudi investment group within the Gulf country. The partnership marks TGCC's entry into one of the world's largest construction markets. Saudi Arabia is projected to become the global leader in the construction sector by 2028, with project values across all sectors expected to reach $181.5 billion, according to a previous report by real estate consultancy Knight Frank. Naif Alrajhi Investment, a prominent Saudi group, manages a diversified investment portfolio with particular focus on real estate development. The company operates across 14 different sectors both within Saudi Arabia and internationally. 'This alliance with TGCC Middle East aligns perfectly with our vision to contribute to the development of vibrant, forward-looking urban environments in Saudi Arabia and beyond,' said Naif Saleh Alrajhi, Chairman and CEO of Naif Alrajhi Investment. 'We are pleased to collaborate with a partner known for its technical excellence and reliability.' Founded in 1991, TGCC has been listed on the Casablanca Stock Exchange since December 2021, and has established itself as one of the top construction firms in Africa and the Middle East. The company has delivered over 1,000 successful projects with a workforce exceeding 14,000 employees globally, generating consolidated revenues of more than MAD 8 billion ($800 million). The company has become a reference in technically demanding constructions, particularly in the health sector, where it has built projects including Mohammed VI University Hospital, Hassan II University Hospital in Fez, and the Mohammed VI Oncology Center. TGCC's entry follows its recent focus on Gulf markets after expanding into Libya in recent years. 'This strategic partnership represents a significant step in TGCC's international expansion,' stated Mohammed Bouzoubaa, Chairman and CEO of TGCC. 'We will support the transformation journey that the Kingdom of Saudi Arabia is witnessing within Vision 2030,' Bouzoubaa added. The Saudi market has attracted numerous foreign companies in real estate development. Egyptian firms like Talaat Moustafa are developing major projects such as 'Banan' city on 10 million square meters in Riyadh at a cost of approximately 31.4 billion Saudi riyals. Chinese development companies have also shown interest, with a Chinese consortium planning to develop a project comprising 100,000 housing units at a cost of $2.8 billion. The construction giant also recently made headlines with its acquisition of a 60% controlling stake in STAM (Société de Travaux Agricoles Marocains) in February. The transaction, valued at MAD 4.3 billion ($430 million), is expected to be completed in the second quarter of 2025, pending approval from the Competition Council. This strategic move combines TGCC's expertise in building construction with STAM's capabilities in public works, transport infrastructure, and urban development. STAM reported revenue of approximately MAD 3.7 billion ($370 million) in 2024 and has evolved from its initial focus on agricultural development to become a major player in public works and road construction. Read also: TGCC Launches Subsidaires to Boost International Construction Footprint Tags: construction industryMorocco Saudi RelationsTGCC
