UAE-based Shuaa Capital and Jabal Omar Development Company (JODC), one of the largest publicly-listed real estate companies in Saudi Arabia have announced plans to launch and manage real estate investment vehicles in the Kingdom of Saudi Arabia. 

Shuaa Capital and Jabal Omar Development are now seeking avenues of cooperation towards the creation and management of a set of strategic real estate funds directed towards managing the development and expansion of centrally located real estate hotspots across the Kingdom. 

Shuaa Capital, through its well-established subsidiary Shuaa Capital Saudi Arabia (SCSA), has been successfully running a series of real estate funds and managing the development of prime projects, having delivered hospitality properties in Jeddah, Riyadh and soon in Dammam. It also recently announced the ground-breaking SAR 1.4billion mixed-use development in Wadi Al Hada in Riyadh. 

Jabal Omar Development Company is one of the largest real estate developers in the region and one of the largest listed companies in the Saudi Tadawul Stock Exchange. Its flagship project, Jabal Omar, is a multi-use real estate mega development project within walking distance of The Grand Mosque of Makkah. 

The alliance between Shuaa Capital and Jabal Omar Development Company is one of several planned ventures aimed at securing a lead within Saudi Arabia’s growing economy.

Source: SHUAA Capital

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