AlJadd Real Estate Development & Investment raises SAR 3 Mn funding

AlJadd Real Estate Development & Investment has recently signed an investment agreement of SAR 3 million with Bafarat Financial Consultancy in Jeddah. The signing ceremony was attended by Eng. Abdullah Al Jadani, CEO of AlJadd Real Estate Development & Investment, and Esslam Bafarat, on behalf of Bafarat Financial Consultancy.

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This strategic partnership aims at accelerating the company’s regional and international expansion within the real estate sector.

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This milestone falls under the Saudi 2030 Vision to higher the private sector’s participation in the national economic growth and liberalization, especially in a thriving sector such as development and real estate investment. It is worth mentioning that Real Estate Development is the second largest contributing sector to the Saudi GDP after the Oil & Gas sector, and it is associated with the growth of over 120 other economic sectors.

On his behalf, Eng. Abdullah Al Jadani, CEO of AlJadd Real Estate Development & Investment, commented on this aspiring partnership saying,

“It is with great pleasure that we sign this investment agreement with Bafarat Financial Consultancy, this is an outstanding investment that will have a great impact on the real estate sector in Saudi Arabia, and will pave the path for our national expansion which will include major cities in the Kingdom, and is considered a cornerstone to tap into new regional and international markets by the end of 2022.”

Eng. Abdullah stressed the company’s keenness to enter Arab and foreign markets, such as the United Arab Emirates and Egypt, and from there to Europe and Africa within the company’s three-year plan.

In turn, Esslam Bafarat added,

“We believe in this promising partnership and strategic investment in AlJadd Real Estate Development and Investment Company, which is considered a key investment for Bafarat Financial Consulting Company for the first quarter of 2022, and we commend its ability to build and develop innovative projects that are compatible with the population growth in the Kingdom, and the modern changes that shape the main pillar of investment in this sector, and its support to achieve a qualitative leap into a new level of successful real estate projects.”

It is noteworthy that AlJadd Company is a Saudi company headquartered in Riyadh, with a vision and mission that supports, nurtures, and enables the development of real estate projects, integrating innovative and creative technical solutions into the real estate sector, to keep pace with the recent developments introduced by the fourth industrial revolution, allowing the Kingdom of Saudi Arabia to remain one of the leading countries, and the pioneer in the real estate sector; regionally and globally.

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

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