Wahet Al-Nakheel Fund signs SAR 741 million deal for mixed-use project adjacent to Dallah Al-Nakheel Hospital

Dallah Healthcare Company, a partner in the Wahet Al-Nakheel Fund signed a SAR 741 million agreement with Tatweer Company to develop a fully integrated mixed-use project and oversee its engineering and management works. Wahet Al-Nakheel, a SAR 1.2 billion real estate investment fund - formed through a strategic partnership between Dallah Health, Dallah Real Estate Company, and Tatweer —was originally established for this project, according to an earlier disclosure.

The agreement was signed on the sidelines of Cityscape Global in Riyadh, in the presence of representatives from the fund’s partners and Aljazira Capital, which serves as fund manager. The project, located on King Fahd Road, will comprise healthcare facilities, retail and office spaces, a hotel, and high-end residential units in a prime location regarded as one of Riyadh’s key economic zones.

Eng. Muteb Al-Tukhais, Chief Strategy Officer at Dallah Healthcare, said the project underscores the company’s commitment to expanding access to high-quality healthcare services through advanced, integrated facilities that cater for the needs of individuals and corporates. The development will enhance infrastructure and services surrounding Dallah Al-Nakheel Hospital, one of the Kingdom’s leading medical facilities.

The launch of Wahet Al-Nakheel Fund reflects the combined investment, development, and operational expertise of its partners and highlights the rising demand for mixed-use developments in Riyadh, which continues to grow rapidly as a major regional business hub.