FIM Partners, HIVE, and Rafal Real Estate Development Company to establish $150mn development fund ...United Arab Emirates

HIVE, Rafal Real Estate Development Company and FIM Partners announced their intent to establish a fund of US $150mn. The fund will be managed by FIM Partners, which will support the development of six to eight new co-living projects in Riyadh, aimed at meeting the rising demand for modern, adaptable living and working spaces. The announcement was made at Cityscape Global Riyadh. The partnership marks an important milestone in Saudi Arabia’s real estate market evolution under Vision 2030. By focusing on innovative co-living developments, it offers investors a valuable entry point into an underserved, high-growth sector while addressing the Kingdom’s growing demand for flexible and affordable

Hence then, the article about fim partners hive and rafal real estate development company to establish 150mn development fund was published today ( Friday 15/11/2024 - 11:08 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 15 Nov 2024 clock 11:08 AM

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FIM Partners, HIVE, and Rafal Real Estate Development Company to establish $150mn development fund ...United Arab Emirates

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