Arabian Dyar Leads a New Wave of Real Estate Investment in the Two Holy Mosques with the Launch of the “Haramain Projects Fund” in Partnership with Al Rajhi Capital

Arabian Dyar Real Estate Development Company has announced the signing of a memorandum of understanding with Al Rajhi Capital to launch the “AlDiyar AlArabia Haramain Projects Fund,” a specialized real estate investment fund aimed at developing high-quality real estate projects in the cities of Makkah and Madinah.

The launch of the fund comes as part of Arabian Dyar’s strategy to strengthen its investment presence in the real estate market associated with the Two Holy Mosques and to reinforce its position as one of the leading real estate developers in Makkah and Madinah.

The fund will focus on enhancing residential and real estate supply in the areas surrounding the Two Holy Mosques by developing urban projects in strategic locations, contributing to urban growth and meeting the increasing demand for housing and investment in the two holy cities.

The fund’s launch also coincides with regulatory directions that allow expanded opportunities for Muslims from outside the Kingdom to own property associated with the Two Holy Mosques. This development further enhances the attractiveness of the real estate market in Makkah and Madinah and enables Muslim investors around the world to own and invest in property in the holiest places on earth.

The fund is expected to target real estate investments worth billions of Saudi riyals and to develop thousands of residential and real estate units in Makkah and Madinah, supporting urban development and creating high-quality investment opportunities for investors both inside and outside the Kingdom.

This initiative aligns with the goals of Saudi Vision 2030 to develop the urban environment and services in the two holy cities and to strengthen sustainable growth in the real estate market connected to the Two Holy Mosques.

Naif AlAttawi, CEO of Arabian Dyar Real Estate Development Company, said:
“The real estate market around the Two Holy Mosques is witnessing a new phase of growth and transformation, driven by increasing demand for housing and investment in Makkah and Madinah, along with regulatory trends that enhance the attractiveness of real estate investment in the two holy cities.”

He added:
“The launch of the AlDiyar AlArabia Haramain Projects Fund in partnership with Al Rajhi Capital represents a strategic step toward enhancing residential supply and developing high-quality real estate projects in strategic locations in Makkah and Madinah.”

He continued:
“Through this fund, we aim to develop real estate projects with investments worth billions of riyals and deliver thousands of residential and property units, while also opening new investment horizons for investors inside and outside the Kingdom, including Muslim investors around the world.”

About Arabian Dyar

Arabian Dyar was established in 2011 and is a leading Saudi real estate development company. It delivers world-class residential, commercial, and integrated projects in Makkah, Madinah, Riyadh, Jeddah, and Yanbu. The company is built on authentic Arab values and adopts principles of innovation, sustainability, and advanced technology to build vibrant communities.

Arabian Dyar  is also a trusted partner in major national projects, luxury developments, and strategic initiatives in the logistics sector. Its economic activities contribute to achieving the goals of Saudi Vision 2030, particularly in urban and economic transformation.

Notably, the company was ranked 13th among the Top 100 developers in the GCC for 2025 by Construction Week Middle East. It also distinguishes itself through integrated services supported by its contracting arm, Shaham Contracting, enabling it to manage the entire project lifecycle from design through post-delivery.

In fulfillment of its promise, “Thriving with its people,” the value of Al Diyar Al Arabia’s project portfolio reached approximately SAR 15 billion in 2025.