Alfa Financial Company has announced the launch of a private closed-end real estate fund aimed at developing a distinctive office complex in Riyadh. Alkhoyool Alarabia Urban Development Company has been appointed as the main developer of the project, where it will design and implement the project according to the highest modern standards.The company said in a statement that the fund will provide luxurious and modern office spaces in line with the needs of the market, focusing on innovation and quality to meet the aspirations of companies and investors.The company pointed out that the project is located on Prince Mohammed bin Abdulaziz Street, near the intersection of Prince Turki bin Abdulaziz i Road, which gives it easy access and enhances its attractiveness to target customers. In this context, Mr. Muath bin Naim al-Naim, chief investment officer of Alfa Financial Company, stated that the fund is a step within our strategy to develop innovative real estate products that contribute to strengthening the real estate sector and provide various options that meet the needs of the end user.Mr. moath Mohammed abanumay, CEO of Alkhoyool Alarabia Urban Development Company, added that we are committed to providing a project characterized by quality execution and modern designs that keep pace with the aspirations of the local market, and we look forward to achieving added value to the market through this cooperation .