AI Summary
As part of the Saudi International Rail Conference & Exhibition 2025, SEDCO Capital, a global Shariah-compliant and ESG-led asset management and advisory firm, announced the signing of a partnership agreement with Saudi Arabia Railways (SAR) to establish a real estate fund licensed by the Capital Market Authority aimed at developing a land located in Al-Tubayshi District, Dammam. The land spans approximately 415,000 square meters, with an estimated fund size of around SAR 900 million.
The fund seeks to develop the land’s infrastructure and transform it into an integrated investment and development destination, contributing to urban growth, city sustainability, and the efficient utilization of assets. This initiative aligns with the objectives of Saudi Vision 2030, particularly in enhancing institutional partnerships and advancing the growth of the Saudi real estate sector.
Commenting on the agreement, Mr. Abdulwahhab Abed, Chief Executive Officer of SEDCO Capital, said: “We are proud of this strategic partnership with Saudi Arabia Railways, which reflects their confidence in SEDCO Capital’s expertise and capabilities in managing and developing real estate funds. This project marks an important step in channeling assets into value-added development projects that contribute to the growth of Dammam City and strengthen the sustainability of the real estate sector in line with Vision 2030.”
The partnership underscores the shared commitment of SEDCO Capital and Saudi Arabia Railways to advancing sustainable development and unlocking new investment opportunities within the Kingdom’s real estate sector. The initiative also reflects both parties’ alignment with the Kingdom’s long-term vision of fostering diversified economic growth and enhancing the quality of urban life.
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