The Badie Tower Fund launches as Kamco Invest teams up with Badie Investment to create a SAR500 million real estate fund. This fund will build the Badie Tower in Riyadh’s Sports Boulevard area. The project targets one of six allowed towers along the 135-kilometer corridor that links key city zones. The tower promises high returns and draws investors keen on Saudi growth. Experts predict strong demand due to the area’s rapid rise.
Strategic Partnership Details
Kamco Invest, a top financial firm in the Middle East, joins forces with Badie Investment on this venture. They set up the fund to construct the iconic Badie Tower, with a total value of $133 million. This effort aligns with Saudi Arabia’s plans to grow its cities. Both firms bring strong track records in real estate deals across the region.
The partnership opens doors for institutional investors and high-net-worth individuals. It offers flexible investment options tailored to different needs. Experts see this as a smart play in Riyadh’s booming property market.
Prime Location Advantages
Badie Tower rises between Riyadh’s main sports and entertainment spots. It faces Imam Mohammad Ibn Saud Islamic University directly across the street. A metro station entrance sits right inside, linking the Yellow and Purple lines for easy travel. This setup boosts daily access for workers, students, and visitors.
The spot sits near major roads and future hubs. Traffic flow stays smooth with planned upgrades. Residents gain quick links to shops, schools, and leisure areas.
Design and Infrastructure
The team designs the tower to fit Sports Boulevard’s Salmaniyah urban rules. It mixes strong architecture with smart tech and smooth access features. The build supports the Saudi Vision 2030, which aims to raise living standards. Modern systems include energy-saving tools and secure entry points.
Construction uses top materials for lasting quality. Spaces inside cater to offices, retail, and homes. Green spaces around add comfort and style.
Executive Insights
Kamco Invest Saudi CEO Mohammed Al Faris sees this as a major growth move. He points to the tower’s prime spot and strong returns for investors. Al Faris offers tailored plans for big institutions and wealthy clients. He expects quick interest from global funds.
Dr. Abdulaziz Alangari, Badie Investment CEO, calls the tower a bold landmark. He credits the blend of skills and ideas in this partnership. Alangari says it helps make Riyadh a world-class city. Both leaders stress the project’s role in job creation and economic push.
Project Context
Sports Boulevard stretches across Riyadh from Wadi Hanifah to Wadi Al Sulay. It brings green areas, sports venues, and business opportunities. The plan improves health and city life under Vision 2030. Badie Tower development fits in with smart transport links.
The corridor hosts parks, bike paths, and event spaces. It aims to draw millions of visitors yearly. This tower adds commercial value to the mix. Local firms handle most work to support Saudi jobs. Completion timelines align with national goals for 2030.
