Wahed, SEDCO Capital launch real estate partnership for Makkah, Madinah
New York-headquartered Islamic fintech company Wahed has partnered with SEDCO Capital to launch a Shariah-compliant real estate investment suite across Makkah and Madinah.
The partnership will give eligible investors, including visitors and residents, an opportunity to invest in a portfolio of real estate across the two holy cities. Saudi Arabia aims to welcome 30 million Umrah pilgrims annually by 2030, complemented by a broader investment program to improve the overall pilgrim experience.
The partnership can help direct private capital toward real assets that can help meet the needs of residents, pilgrims and visitors, Wahed said in a statement.
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