The State Properties General Authority (SPGA) manages this governmental plot on behalf of the Organization of Islamic Cooperation; which plans to develop a new OIC building in Jeddah near Al Shatea District.
Sector
Real Estate
Download Opportunity
Investment Highlights
- Estimated Capex SAR 278.1 Mn
- Project lease per annum SAR 15 Mn
- Various structures are being studied including DBFA, SWAP and Hybrid models
- Investment IRR: 8%-12%
- Project Period: 25 years
- Exiting strategy: return buildings back to Government