SAR 2 Billion Fund for "Riyadh Investment Park"

DAR Dubai Announces SAR 2 Billion Private Equity Fund for Riyadh Investment Park Phase 1

Riyadh, Saudi Arabia – 27/7/217 – DAR Dubai, the strategic joint venture between RED House and Dubai Investments, is pleased to announce the establishment of a SAR 2 billion (approximately $533 million USD) private equity fund. This significant fund is dedicated to financing the development of Phase 1 of the "Riyadh Investment Park" project.

The establishment and intricate structuring of this substantial fund were expertly led by RED House Arabia, which meticulously supervised all aspects of the financial structure and legal engineering. This achievement underscores the robust financial acumen and strategic capabilities of RED House Arabia in facilitating large-scale development initiatives. The fund's creation marks a pivotal step forward in the realization of Riyadh Investment Park, a landmark project poised to significantly contribute to Saudi Arabia's economic diversification and urban development goals.