Wednesday, 11 February 2026
Kamco Invest – Saudi and Badie Investment announced a partnership to establish a SAR 500 million real estate investment fund to develop the “Badie Tower” project along Riyadh’s Sports Boulevard.
The planned development is one of six towers permitted along the 135-kilometre Sports Boulevard corridor. The site is located opposite Imam Mohammad Ibn Saud Islamic University and is intended to include a metro station entrance connecting the Yellow and Purple lines within the building. The design is planned in accordance with the Sports Boulevard’s Salmaniyah urban code and will incorporate transport and infrastructure elements. The project forms part of wider urban development initiatives linked to Saudi Arabia’s Vision 2030 programme.
Mohammed Al-Faris, Chief Executive Officer of Kamco Invest – Saudi, said: “This partnership marks an important step in Kamco Invest – Saudi’s expansion strategy as we continue to pursue high-quality, institutionally structured opportunities within the Kingdom. The Sports Boulevard is a transformative national project, and our participation in developing Badie Tower reflects our commitment to investing in landmark assets that deliver long-term value to our clients while contributing to Saudi Arabia’s urban evolution.”
He added: “The project’s unique location, infrastructure integration, and scarcity value create a compelling investment proposition. Through this partnership, we aim to provide institutional and high-net-worth investors access to differentiated real estate opportunities aligned with the Kingdom’s long-term growth and diversification agenda. Expanding our clients’ access to alternative investment opportunities further supports their unique objectives, enabling us to structure customized solutions that suit their diverse investment needs and risk appetite.”
Dr. Abdulaziz Alangari, Chief Executive Officer of Badie Investment, said: “Badie Tower represents a rare opportunity to develop an architectural icon within one of the world’s most ambitious urban initiatives. Our collaboration with Kamco Invest – Saudi brings together investment expertise and development vision to deliver a landmark project that enhances quality of life and supports Riyadh’s transformation into a global destination.”
Dr. Alangari added: “We are committed to creating a development that integrates smart infrastructure, connectivity, and design excellence. This partnership reinforces our shared vision of building sustainable, future-ready assets that serve both investors and the wider community.”
According to the companies, the fund structure is intended to attract institutional and high-net-worth investors and forms part of Kamco Invest’s ongoing expansion in Saudi Arabia, with a focus on real estate and alternative investments aligned with national economic diversification goals.
