Safanad, a global holding company, is expanding its presence in Saudi Arabia with the launch of Safanad KSA [fd7bad5f]. The company plans to invest over $3 billion in the country over the next five years [fd7bad5f]. Their first investment, Safanad Education KSA, is already active in the region and serving approximately 10,000 students [fd7bad5f]. To support their expansion, Safanad has added three new Senior Partners to their leadership team, bringing a wealth of experience totaling over 80 years [fd7bad5f]. The focus of Safanad KSA will be on investments in education, healthcare, financial services, industrials, and digital infrastructure, not only in Saudi Arabia but also selectively across the wider GCC region [fd7bad5f]. In addition to their presence in Saudi Arabia, Safanad will be opening offices in London and Riyadh to strengthen their investment and operational capabilities in the UK, Europe, and the Middle East [fd7bad5f]. The London office will be led by Global Managing Partner Saleh Romeih, while the Riyadh office will be led by Founder and CEO Kamal Bahamdan [fd7bad5f]. Safanad's investment focus is on impact, with platforms in education, healthcare, digital infrastructure, and real estate [fd7bad5f].
ROSHN Group, a leading real estate developer in Saudi Arabia, has partnered with the 2024 Real Estate Future Forum (RFF) to discuss ways to expand and raise standards in the real estate industry [442c93cd]. The RFF, held in Riyadh from January 22-24, focused on the theme of 'Resilience and Future Cities' [442c93cd]. ROSHN Group Chief Development Officer Oussama Kabbani highlighted the need for the real estate sector to adapt to new market trends and innovate for the future [442c93cd]. ROSHN also signed memorandums of understanding with the Eastern Health Cluster and Jeddah Second Health Cluster to build healthcare facilities across its projects [442c93cd]. ROSHN Group is a giga-project owned by the Public Investment Fund (PIF) and aims to develop over 400,000 homes, as well as kindergartens, schools, and mosques by 2030 [442c93cd].
Both Safanad and ROSHN are expanding their investments in Saudi Arabia, contributing to the country's economic growth and development [fd7bad5f] [442c93cd].