KAFD and Osool Explore New Investment Opportunities Across Riyadh District

RIYADH, SAUDI ARABIA – King Abdullah Financial District Development and Management Company (KAFD DMC) and Osool Integrated Real Estate Company have signed a Memorandum of Understanding (MoU) to explore new investment opportunities across King Abdullah Financial District (KAFD), reinforcing growing investor confidence in one of Saudi Arabia’s most prominent urban destinations.

The agreement will see the two organisations evaluate potential opportunities across KAFD’s development and operational portfolio, combining KAFD’s experience as the Kingdom’s leading business and lifestyle district with Osool’s expertise in real estate investment and asset management.

The move comes as Riyadh continues to experience strong demand for high-quality commercial, residential, hospitality and mixed-use developments, driven by economic diversification efforts, population growth and the continued implementation of Saudi Vision 2030.

The partnership reflects a broader trend across the Kingdom, where institutional investors and private-sector participants are playing an increasingly important role in shaping the next generation of integrated urban destinations.

Osool brings a portfolio exceeding 1.2 million square metres across commercial, residential, retail, hospitality and mixed-use assets. The company focuses on long-term value creation through investment management, operational excellence and destination development.

For KAFD, the agreement arrives at a time when demand within the district continues to strengthen. The development is currently home to more than 140 companies, including 25 regional headquarters, and has become a focal point for international businesses establishing a presence in Saudi Arabia.

With demand for premium office and residential space in Riyadh continuing to outpace supply, KAFD is increasingly positioned as a key destination for future growth. The introduction of additional investment partners is expected to support the district’s continued expansion and long-term development plans.

KAFD DMC Managing Director, John Pagano, highlighted the significance of the partnership for the district’s future growth.

“KAFD is at an exciting point in its evolution. It has become central to the Saudi Vision 2030 story as one of the region’s fastest-growing business and lifestyle destinations. We have built a destination that many of the world’s leading businesses are proud to call home. As KAFD enters its next phase of development, we are seeing increasing interest from institutional capital seeking exposure to Riyadh’s growth story.

Saudi Arabia is expected to see its population grow significantly, creating notable demand for integrated urban environments like KAFD, which is committed to continued growth in commercial, residential, hospitality, and retail offerings across the district. We look forward to working with Osool to explore opportunities that support KAFD’s expansion and long-term growth.”

Feras AlBanyan, CEO of Osool Integrated Real Estate Company, said the agreement aligns with the company's long-term ambitions for the Saudi real estate sector.

“Osool was established with a clear ambition: to create lasting value from one of the Kingdom’s most important real estate portfolios while supporting Saudi Arabia’s long-term economic and urban development goals. Today, we are building an integrated real estate investment and operating platform that combines institutional capital, asset management expertise, operational excellence, and strategic partnerships to unlock value at scale.

This agreement reflects our confidence in the future of Saudi Arabia’s real estate sector and our commitment to contributing to the creation of sustainable, high-performing destinations that deliver economic impact, strengthen communities, and generate long-term value. We look forward to working closely with KAFD Development and Management Company to explore opportunities that support this shared vision and contribute to the continued growth and success of one of the Kingdom’s most prominent destinations.”

The signing follows KAFD’s recent SAR12 billion ($3.2 billion) Murabaha facility and further broadens the district’s private-sector capital base. While the MoU remains non-binding and subject to further evaluation, it highlights the increasing interest from institutional investors seeking exposure to Saudi Arabia’s rapidly evolving real estate landscape.