Mulkia Investment Company, Director of Al-Jawhara Real Estate Fund, announced the launch of the initial infrastructure works in the Al-Jawhara project in Al-Raed district in Riyadh, which is located on an area of 1.5 million square meters. This comes after he recently obtained a comprehensive development license from the Royal Commission for the Development of Riyadh.
Mulkia Investment Company is cooperating with Cayan International Group as a developer and implementer of the project, as the plan includes developing residential, commercial, and multi-use pieces characterized by high density in addition to a large central garden in the middle of the project in line with the ambitious Green Riyadh project, in addition to a walkway and service area that will be developed in line with the program Quality of life according to the vision of the Kingdom 2030, which aims to improve the lifestyle of the individual and the family and build a society whose members enjoy a balanced lifestyle, in a way that achieves the desire of families to live in a distinctive location in the middle of the area between the embassy neighborhood and King Saud University, and near the King Khalid Eye Specialist Hospital and a number of From government and private agencies.
On this occasion, Muneera Al-Dossary, CEO of Mulkia Investment Company, commented on the importance of this project due to its vital location, as the land of the Al-Jawhara project is located in the heart of the city of Riyadh in Al-Raed neighborhood on several main roads, the most important of which are Prince Turki Al-Awal Road, Al-Uruba Road and near King Khalid Highway and King Abdullah Road. Indicated that it is characterized by the presence of spacious internal streets and large gardens within the scheme.
Muneera Al-Dossary explained that the land is currently being developed so that it becomes a residential area with the allocation of 50% of the project’s land to public services, where a plan will be developed that will be an important qualitative addition to the city and an example to be followed in developing high-end neighborhoods, and the jewel focuses on meeting the actual needs of the plan, which would It is ready to support modern housing structure and facilities in an upscale environment.
The Al-Jawhara real estate project will offer many developed plots of land that suit those wishing to live in a high-end, high-service environment, as well as investors wishing to invest in residential and commercial plots in a privileged location at the level of Riyadh.
It is noteworthy that Mulkia Investment Company is a Saudi financial company specialized in managing real estate and investment funds. Mulkia provides diversified and integrated financial and investment services that are carefully designed to match the financial goals of individuals and institutions of all types and sizes.