On January 28, 2025, the capital, Riyadh, witnessed the signing of an investment cooperation agreement between the Madinah Region Municipality and Fana Limited. The agreement took place on the sidelines of the “Future of Real Estate Forum,” one of the most prominent national platforms dedicated to developing the real estate sector in the Kingdom.
The agreement was signed on behalf of the Madinah Municipality by Mr. Abdulrahman bin Hamdan Al-Subhi, Deputy Secretary for Investment, and on behalf of Fana Limited by His Highness Prince Fawaz bin Nasser Al Saud, Chairman of the Board of Directors.
This agreement aims to strengthen the partnership between the public and private sectors by developing quality and sustainable real estate projects that align with the goals of Saudi Vision 2030. It works to improve the quality of life and support the real estate investment ecosystem in Madinah, contributing to its transformation into a sophisticated urban center that attracts investment.
The agreement reflects the Madinah Municipality’s commitment to empowering investment partners and providing a stimulating business environment by facilitating procedures and offering a variety of investment opportunities in areas including housing, urban development, and public facilities.
For its part, Fana Limited is a leading national company in the field of real estate development and project management. It has a proven track record of implementing quality projects that contribute to improving infrastructure and urban services in several regions of the Kingdom.
This collaboration is part of a package of initiatives and agreements signed during the Future of Real Estate Forum, which annually witnesses broad participation from investors, decision-makers, and local and international experts. It serves as a strategic platform for discussing the most prominent challenges and opportunities in the Saudi real estate sector and anticipating its future within the comprehensive economic transformations taking place in the Kingdom.