King Salman Park Launches $1B Fund with Ajdan & SEDCO

King Salman Park Foundation, a Saudi state-backed developer, has launched a $1 billion investment fund.

The fund aims to stimulate development and attract private investors to one of the world’s largest city parks.

The King Salman Park Foundation announced its partnership with Ajdan Real Estate and SEDCO Capital to establish the fund.

This fund is designated to support the construction of residential properties, hotels, and office spaces within a specific area of the park project.

According to the statement, the foundation will contribute the land for the development, while the private-sector partners will finance the construction activities.