This fund, announced on 17 to 18 November 2025, brings Ajdan and SEDCO Capital to a 106,000 m² site beside the Royal Arts Complex. It plans more than 600 homes, more than 200 hotel rooms and about 45,000 m² of offices, plus retail and services, with the Foundation contributing the land and the partners funding construction. A property-industry source calls it the third mixed-use investment fund. No package number appears in the primary sources, and no hotel operator or handover date has been named.
How we count this
Sources do not give this deal a package number, and we do not assign one: no Package 2 or 3 has been announced. We count it as one of the four deals we can name behind the 'five major packages' (March 2026). The 200 hotel keys and 45,000 m² of offices are medium-confidence figures from a single reporting chain.
Key facts
| Fund size | SAR 3.8 billion (about $1bn) AGBINov 2025Leaders MENANov 2025 Fund size at launch, November 2025. · as of Nov 2025 |
|---|---|
| Homes planned |
More than 600
AGBINov 2025
Residential units planned across the 106,000 m² site. · as of Nov 2025
Medium confidence
|
| Hotel keys planned |
More than 200
AGBINov 2025
Hotel rooms planned. No operator named. · as of Nov 2025
Medium confidence
|
| Office space planned |
About 45,000 m²
Leaders MENANov 2025
Office area planned. · as of Nov 2025
Medium confidence
|
| Site area |
106,000 m²
Leaders MENANov 2025
Site area along Oruba Road, adjacent to the Royal Arts Complex (land, not floor area). · as of Nov 2025
|
Timeline
Ajdan and SEDCO Capital launch a USD 1bn mixed-use fund
The SAR 3.8bn fund covers 106,000 square metres on Oruba Road beside the Royal Arts Complex, with 600+ homes and 45,000 square metres of offices. The National reported it on 17 November and AGBI on 18 November.