Jadwa Investment Launches Two Real Estate Funds worth SAR 10 billion in Makkah

The signing of the agreement

Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced the launch of two real estate development funds in Makkah Al-Mukarramah with an aggregate value of up to SAR 10 billion.

The announcement follows the signing ceremony for both funds held yesterday, marking a significant milestone in Jadwa’s expanding real estate investment platform in Makkah.

The funds are being established in partnership with Zood Real Estate, Mohammad Al Habib Holding, First Avenue Real Estate Development, Al Majdiah, and Rikaz Real Estate and with the oversight of the Royal Commission for Makkah City and Holy Sites (RCMC). They aim to develop projects in Makkah's central areas, including Al Hijla and Eastern Hindawiyah, located within a very close proximity to the Holy Mosque and identified for redevelopment as part of the Makkah Informal Settlements Development Program. The projects will include infrastructure and superstructure developments that support the city's continued growth and enhance the experience of future residents and visitors.

Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, commented: “This launch reflects our confidence in Makkah’s long-term growth prospects and in the ability of our partners to meet the city’s future needs. We are pleased to contribute to projects that support the city’s continued development while creating attractive opportunities for our clients.”

Haitham Al-Ghannam, Head of Real Estate, added:  "These funds further expand Jadwa's real estate platform and reflect our strategy of identifying high-quality development opportunities with strong partners in prime locations across Saudi Arabia. "
 
“As of May 2026, the firm is managing over SAR 26 billion in real estate assets across a range of development and income-generating funds.” continued Al-Ghannam. “Over the past five years, Jadwa has launched over 40 new real estate development funds with a total value exceeding SAR 20 billion.”