{"id":95437,"date":"2025-03-19T00:00:00","date_gmt":"2025-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/"},"modified":"2025-03-19T00:00:00","modified_gmt":"2025-03-19T00:00:00","slug":"albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/","title":{"rendered":"AlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund"},"content":{"rendered":"

New<\/strong> S<\/strong>AR 4 bn real estate fund<\/strong> in the works:<\/strong> Makkah-based master planner AlBalad<\/a>AlAmeen for Development and Urban Regeneration<\/a> and real estate developer Sumou Holding<\/a> will set up a SAR 4 bn investment fund, after signing an MoU, Albalad Alameen said on LinkedIn<\/a>.<\/p>\n

The details: <\/strong>The fund will help develop infrastructure for the Sumou Suburb Project<\/a> in Makkah. The 1.6 mn sqm mixed-use development is expected to house around 25k residents within the Makkah Gateway, according to its website. No further details were disclosed.<\/p>\n

ALSO- <\/strong>The two companies signed a separate agreement to develop two projects in Makkah spanning over 7 mn sqm each, including neighborhoods and utilities, Albalad AlAmeen said in a separate post<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fund will help develop infrastructure for the Sumou Suburb Project<\/p>\n","protected":false},"author":1,"featured_media":95438,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[4114,10,106,2322],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-albalad-alameen-for-development-and-urban-regeneration","tag-enterpriseam-ksa","tag-real-estate","tag-sumou-holding","wpautop","entry"],"acf":{"mongo_id":"69359b06-5929-4504-a145-6ebbde92bc2d","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1538.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund","related_issue":[95425],"teaser":"The fund will help develop infrastructure for the Sumou Suburb Project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.7d08d516-70be-4f8d-bf10-3352151fc5bb.mp3"},"yoast_head":"\nAlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund\" \/>\n<meta property=\"og:description\" content=\"The fund will help develop infrastructure for the Sumou Suburb Project\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1538.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund\",\"datePublished\":\"2025-03-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1538.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AlBalad AlAmeen for Development and Urban Regeneration\",\"EnterpriseAM KSA\",\"Real Estate\",\"Sumou Holding\"],\"articleSection\":[\"REAL ESTATE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/19\/albalad-alameen-sumou-to-launch-sar-4-bn-makkah-real-estate-fund\/\",\"name\":\"AlBalad AlAmeen + Sumou to launch SAR 4 bn Makkah real estate fund - 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