$10.6m ladies’ beach club to open at Jeddah Walk

OIA Downtown’s beach club will include two pools, a state-of-the-art gym, salon and lounges, and beachfront access, together with a host of luxurious dining venues.
Short Url
Updated 10 August 2022
Follow

$10.6m ladies’ beach club to open at Jeddah Walk

Saudi leisure and entertainment group Tarfeeh Fakieh has finalized a landmark partnership with Blue Limits, a Jeddah-based company, for the management and operations of OIA Downtown, which will feature a ladies’ beach club, to be constructed in the Jeddah Walk development. The agreement, worth SR40 million ($10.6 million), establishes Blue Limits as the exclusive operational partner for OIA Downtown’s beach club, which will include two pools, a state-of-the-art gym, salon and lounges, and beachfront access, together with a host of luxurious dining venues.

The partnership to manage day-to-day operations of the boutique beach club comes as part of Tarfeeh Fakieh’s commitment to providing great service and an inviting ambiance to its visitors. Seeking to provide recreational services to residents of Jeddah and visitors to the coastal city, OIA Downtown’s scenic location and world-class service are set to elevate the leisure offerings within the heart of Jeddah’s corniche.

“We’re excited that our partnership with Blue Limits will further enhance the experience OIA Downtown was designed to provide,” said Jamil Attar, CEO of Tarfeeh Fakieh. “With help from our partners and our years of expertise within the leisure industry, we are confident that the OIA Downtown beach club will offer a wonderful experience for all, combining luxury with the lushness of nature.”

Since its founding in 1998 by prominent Saudi businessman Sheikh Abdul Rahman Fakieh, Tarfeeh Fakieh has developed an extensive and diverse portfolio across a range of fields. Thanks in part to its pioneering leadership, a tireless commitment to quality, and key strategic partnerships, the organization has developed many significant properties across Jeddah, such as Nobu Restaurant, Movenpick Al-Nawras and Fakieh Aquarium. Through 24 years of determined operations, the group has flourished within the leisure and entertainment sectors, offering memorable experiences to a wide variety of demographics and age groups within the Kingdom. With an overarching focus on “making Saudi families happier,” Tarfeeh Fakieh is poised to continually provide high-quality hospitality services to citizens, residents, and visitors, in line with the goals of Saudi Arabia’s Vision 2030.

Blue Limits Hospitality is one of the leading operators in its field, driven by a team of skilled hoteliers and industry professionals to transform unique concepts into achievable results. The company prides itself on its years of expertise and aims to use its industry knowledge to help develop OIA Downtown into one of the premier beach clubs regionally.

Danni Rose, founder and CEO of Blue Limits, said: “This is truly an exciting time for tourism in Jeddah and across the Kingdom. We are equally excited to continue working alongside Tarfeeh Fakieh on making OIA Downtown one of the best-run beach clubs in the region.”

Catering to evolving consumer needs within the Kingdom, OIA Downtown will offer one of the region’s most prestigious seafront ladies-only clubs during the day. At night, the sweeping beachfront club will host a member’s lounge, restaurants, and outdoor cafes — all nestled on Jeddah’s corniche. OIA Downtown is scheduled to open in Q3 of 2022.


Al-Saedan launches $400m investment platform for real estate, digital infrastructure

Updated 27 January 2026
Follow

Al-Saedan launches $400m investment platform for real estate, digital infrastructure

Al-Saedan Real Estate Company of Saudi Arabia, in collaboration with Serpentine Lake Capital of the UK and SGI Real Estate of Canada, have announced the establishment of a joint development and investment platform under the name SL Property. The platform will develop commercial, residential, and hospitality projects, alongside infrastructure and data center projects, across the Kingdom. It reflects the growing international interest in Saudi Arabia’s real estate and digital infrastructure markets and supports the development of high-quality, long-term assets within the Kingdom.

The agreement signing ceremony was held under the patronage of Minister of Municipal, Rural Affairs and Housing and Chairman of the Real Estate General Authority Majid bin Abdullah Al-Hogail, as part of the Future of Real Estate Forum, in which Al-Saedan Real Estate participated as a strategic sponsor. The ceremony was attended by Dr. Badr bin Ibrahim bin Saedan, chairman of the board of Al-Saedan Real Estate; Ahmed bin Ibrahim bin Saedan, vice chairman of the board of Al-Saedan Real Estate; Ben Mikola, representative of Serpentine Lake Capital and SL Property; and Hassan Al-Shawwa, representative of SGI Canada.

The attendance reflects the strategic importance of the initiative and the continued support of the authority in facilitating the attraction of high-quality international investments into the Kingdom’s real estate and digital infrastructure sectors.

This development follows the issuance of the Regulation on Real Estate Ownership by Non-Saudis in Saudi Arabia, which came into effect in January. The updated regulatory framework is expected to expand access to international investment, facilitate foreign investor participation in strategic sectors, and increase the depth of institutional capital flowing into the real estate, infrastructure, and data center sectors in the Kingdom.

The platform is targeting initial joint investments of SR1.5 billion ($400 million) in partnership with Al-SaedanReal Estate, representing the first phase of a broader, multi-stage investment program. In its initial phase, SL Property — Al-Saedan intends to invest in six to eight projects across real estate, infrastructure, and data centers, with additional opportunities anticipated as the platform’s activities expand in the future.

The initial projects will be concentrated in Riyadh and Jeddah, and will include mixed-use developments, commercial assets, residential projects, and infrastructure related to data centers. These projects are designed to be scalable, sustainable, and aligned with national development priorities, including housing expansion, enhancement of urban quality of life, hospitality sector growth, and strengthening the Kingdom’s digital services capabilities.

Al-Saedan Real Estate is one of the oldest private real estate development companies in Saudi Arabia, with more than 80 years of operational experience and a strong track record that includes the development of seven major integrated urban communities, in addition to numerous commercial, hospitality, and associated infrastructure projects.

The SL Property platform will serve as a dedicated investment vehicle for this initiative, with Serpentine Lake Capital contributing its asset management expertise, and SGI Real Estate providing its specialized real estate sector experience. The platform’s structure is intended to combine local development capabilities with disciplined international investment practices and robust governance standards.

This initiative aligns with the Kingdom’s economic diversification objectives and reflects growing confidence in the updated regulatory framework governing the real estate and digital infrastructure sectors. As the platform evolves, it is expected to provide both local and international investors with access to high-quality investment opportunities across the real estate and data center sectors throughout the Kingdom.

Dr. Badr bin Ibrahim said: “At Al-Saedan, we are pleased to be among the first beneficiaries of the promising new foreign investment system. Following our success in raising several local investment funds, we look forward to expanding our expertise and partnerships at a global level.”

Mikola added: “We are pleased to partner with Al-Saedan, whose strong track record provides a solid foundation for this collaboration. As the platform develops, we expect to explore opportunities to expand into real estate and infrastructure projects within the Kingdom of Saudi Arabia and beyond. The Kingdom represents a fast-growing market driven by clear structural factors, and we look forward to developing high-potential opportunities through a disciplined and focused approach.”