ZAWYA-PROJECTS: Jadwa Investment launches $2.7bln real estate funds targeting Makkah

First published: 25-Jun-2026 14:08:29

Staff Writer

Saudi-based Jadwa Investment has launched two real estate development funds worth up to 10 billion Saudi riyals ($2.67 billion) for development in Makkah.

The funds are being established in partnership with Zood Real Estate, 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), the firm said in a press statement.

The funds will be utilised 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 Programme.

The projects will include infrastructure and superstructure developments that support the city's continued growth and enhance the experience of future residents and visitors.

As of May 2026, Jadwa Investment manages over SAR 26 billion in real estate assets across a range of development and income-generating funds. Over the past five years, it has launched over 40 new real estate development funds with a total value exceeding SAR 20 billion, the report said.

Earlier, Saudi-listed Ladun Investment Company said its consortium with Al-Ayuni Investment and Contracting Company has signed a framework agreement with the Royal Commission for Makkah City and Holy Sites to establish a $1.07 billion real estate investment fund for the Khalidiyah Informal Settlement Redevelopment Project in Makkah.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

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