Sidra Capital Launches SAR 2 Billion Al-Bushra Infrastructure Development Fund

The signing ceremony

Sidra Capital, in its role as fund manager, proudly announces the establishment of the SAR 2 billion Al-Bushra Infrastructure Development Fund in partnership with Sager Group Ltd, the project developer.

The agreement was signed in Riyadh under the patronage of the Ministry of Municipalities and Housing which has expressed strong support for initiatives aligning with its vision for sustainable housing and real estate development in Saudi Arabia. The signing ceremony was attended by Mr. Abdulrahman bin Abdullah Al-Tawil, Deputy Minister for Residential Supply Stimulus and Real Estate Development, Dr. Abdulaziz bin Othman bin Saqr, the landowner and developer, and Eng. Taufiq Bahamdain, a board member of Sidra Capital and the Al-Bushra Fund.

Licensed by the Capital Market Authority, the Al-Bushra Infrastructure Development Fund is dedicated to the development of raw land covering 734,744 square meters in the Al-Aziziyah district of Makkah. The project will transform the land into serviced plots, aligning with the objectives of Saudi Vision 2030 to drive sustainable economic growth and enhance the Kingdom’s appeal to foreign investments.

Furthermore, the project will integrate infrastructure and service development in Makkah, contributing to increased capacity and improved quality of life for residents and visitors.