Alpha Capital and Alkhoyool Alarabia Launch Real Estate Fund to Develop Office Complex in Riyadh

Logos of Alpha Capital and Alkhoyool Alarabia

Alpha Capital announced the launch of a private closed-ended real estate fund to develop an upscale office complex in Riyadh. Alkhoyool Alarabia has been appointed as the main developer, entrusted with designing and executing the project to meet the highest standards.

In a statement, Alpha Capital revealed that the fund aims to introduce high-quality office spaces with innovative characteristics that cater to the needs of businesses and investors.

The project is strategically located on Prince Mohammed bin Abdulaziz Street, near the intersection with Prince Turki bin Abdulaziz Al-Awwal Road, offering excellent connectivity to the city’s business districts and enhancing its appeal to target tenants.

Mr. Moath Alnaeem, CIO at Alpha Capital, stated that the fund is a testament to the company's strategy to continuously expand on its real estate offering, addressing the sector’s increasing demand for differentiated and quality developments.

Alkhoyool Alarabia CEO, Mr. Moath Abanumay, announced that the company is committed to delivering a project distinguished by high-quality implementation and modern designs that align with the preferences of the local market.