Sumou and ANB Capital Sign Riyadh Infrastructure Agreement

Sumou Real Estate and ANB Capital partner on an infrastructure development project in eastern Riyadh with a 2.5B SAR fund and estimated 4B SAR sales.

Sumou Real Estate announced the signing of an infrastructure development management agreement with Al Arabi Capital (ANB Capital) for an integrated urban project in eastern Riyadh covering 1,831,571.81 square meters across Al Qadisiyah, Al Rimal, and Al Janadriyah districts. Backed by a fund size of 2.5 billion SAR and expected sales of approximately 4 billion SAR, the initiative establishes a long-term strategic alliance aligned with Saudi Vision 2030 to upgrade city infrastructure and raise living standards.