Month: October 2023

Aljazeera Capital and Osus Real Estate have signed a cooperation agreement to launch a real estate fund for the development of multi-use projects in North of Riyadh. The objective of the fund is to enhance investor capital growth through acquiring lands in north of Riyadh and developing high-quality integrated projects (residential, commercial, and offices) that align with the Vision 2030 in providing quality living standards. The fund’s size exceeds 1.7 billion SAR.

Mr. Naif bin Musnad Al-Musnad, CEO of Aljazeera Capital, explained that the company continues to seek real estate opportunities that provide distinguished products meeting the aspirations of corporate and individual beneficiaries and meeting their needs. It also achieves an attractive investment return for investors interested in the real estate market.

On his part, Mr. Abdullah bin Majed Al-Majed, Chairman of the Board of OSUS Real Estate, noted that the agreement is part of the company’s plan to establish and launch a number of real estate investment funds to bridge the gap between supply and demand in the real estate market in all its sectors through model projects targeting strategic and vital areas in the prominent neighborhoods north of Riyadh. This is in line with the company’s efforts to offer its model products that align with the aspirations of beneficiaries and investors.

Osus Real Estate and Alinma Investment have signed an agreement that reflects the financial institutions’ confidence in the capabilities of Osus Real Estate.

The agreement is considered as a strategic partnership for managing the assets of project ‘The 25’ at Cityscape Global 2023 exhibition, in Riyadh.

This collaboration reflects the vision of the two companies and their commitment to social and economic responsibility. It aims to achieve sustainable development in the real estate sector and enhance the added value for communities, improving their quality of life by providing the necessary living standards in 2030.

We are excited to announce that we have acquired a land in North of Riyadh valued at SAR 675 million, with an area exceeding 100,000 square meters. Strategically located at the intersection of al-Thomama and Abu Bakr al-Siddiq roads, this acquisition serves as a turning point in urban development and a future landmark in Riyadh region.
This acquisition is part of OSUS’s broader strategic plan, which aims to expand multi-use projects with a total built-up area of over 400,000 square meters. Collaborating with top global and local companies, our developments align with the Kingdom’s vision and lofty objectives.
Our plans contribute to transformative growth in the commercial project world, fostering an environment that enhances both personal and professional quality of life. OSUS is committed to real estate development aimed at building the next generation of vibrant, functional spaces.
Stay tuned for more updates as we continue to make strides in transforming the future of Riyadh!