Knowledge Economic City plans $400m hospitality project fund with Albilad

Sun, 12 Jul 2026

Saudi Arabia's Knowledge Economic City has announced that it had signed a non-binding term sheet with Albilad Capital for the establishment of a closed-ended private real estate investment fund worth SAR1.5 billion ($400 million), to finance the first phase of its Multaqa Hospitality project in Madinah.

Red Sea Global, Bunat VC launch fund to empower AI innovations

Tue, 06 Jan 2026

Red Sea Global, the Saudi developer behind regenerative tourism destinations Amaala and The Red Sea, has joined hands with Bunat Ventures (Bunat VC) to launch an investment fund - a first of its kind in the kingdom - dedicated exclusively to empowering startups specialised in artificial-intelligence (AI) technologies.