Safqah Capital Signs Financing Agreement With Badie Investment to Develop 500 Hospitality Units in Riyadh

During the Cityscape Global 2024 event, Safqah Capital announced the signing of a financing agreement with Badie Investment (@BADIE_SA) to develop 500 high-end hospitality units in Riyadh. This project is a significant addition to the hospitality sector in the Kingdom, aiming to meet the growing demand for luxury accommodation that combines comfort and exceptional quality.

The agreement reflects Safqah Capital’s commitment to supporting real estate projects that drive economic growth while offering unique solutions to meet both local and international market demands. It also underscores the importance of strategic partnerships in achieving the aspirations of Saudi Vision 2030, which seeks to enhance infrastructure and improve the real estate sector’s efficiency.

Badie Investment expressed pride in collaborating with Safqah Capital, stating that this partnership represents an important step toward delivering a pioneering hospitality project that raises the standard of services in Riyadh.