Jadwa Al Shorfa Real Estate Fund

Construction & Real Estate

First Avenue inks contract for key Saudi mixed-use project

Mon, 09 Mar 2026

Saudi developer First Avenue has signed an agreement with Jadwa Al Shorfa Real Estate Fund for a mixed-use project in the capital Riyadh featuring a mix of commercial, residential and office units. The project, Capital Avenue - Al Rayyan, will come up on a 38,950 sq m area at the intersection of the Eastern Ring-Makkah Khuris Road.