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Unified and SEDCO Capital Sign an MoU to Establish a SAR 1 Billion Real Estate Development Fund
On the sidelines of the Education Investment Saudi Conference, held in Riyadh between December 3 – 4, and in alignment with Saudi Vision 2030’s goals of fostering economic and social development, Unified Real Estate Development, leading real estate developer in the Kingdom, signed a Memorandum of Understanding (MoU) with SEDCO Capital, a leading global Shariah-compliant and ESG-led asset management and investment advisory firm. The MoU aims to establish a private real estate development fund with a target size of SAR 1 billion to develop suitable educational facilities. According to a joint statement by the two companies, the Fund aims to develop strategically located educational facilities across Riyadh, the Eastern Province, and Jeddah, as these regions and cities are experiencing increasing demand for educational infrastructure driven by a high population of citizens and residents. This fund is part of a shared effort to enhance educational infrastructure in Saudi Arabia while offering diversified investment opportunities within the education sector. During a presentation at the conference, HRH Prince Bandar bin Khalid Al Saud, President and CEO of Unified Real Estate Development, stated, “This partnership is a step forward in delivering innovative real estate solutions that support vital sectors like education. By meeting community needs, we contribute to the Saudi Arabia’s long-term goals for sustainable development under Vision 2030.” Acting CEO of SEDCO Capital, Mr. Abdulwahhab Abed, added, “This collaboration will open new horizons for developing the infrastructure of the education sector, which is of vital importance and receives significant attention from our wise leadership. Through such partnerships, SEDCO Capital demonstrates its steadfast commitment to creating unique investment opportunities in key, high-demand areas. This fund is expected to mark a turning point in educational real estate projects, delivering sustainable positive impacts by developing high-quality educational facilities that contribute to shaping future generations.” The fund will prioritize meeting the growing needs of the education sector by developing integrated facilities that provide an advanced learning environment aligned with global standards. Additionally, it will offer exceptional investment opportunities for investors seeking sustainable, long-term returns.
