RIYADH: In a bid to contribute to the housing supply and boost the real estate development efforts in Saudi Arabia, Arjan Architects and Bloominvest have joined forces to build more than 100 housing units in northern Riyadh. The two parties established a joint real estate investment fund called Arjan Al-Maghamis which aims to develop a land area exceeding 30,000 sq. meters in the Kingdom’s capital, Al-Ekhbariya reported. Saudi Deputy Minister for Real Estate Development Abdulrahman Al-Tawil inaugurated the fund, which is part of ongoing efforts to form partnerships with the private sector in order to increase the real estate supply in cities and provide more housing options for Saudi families. The Ministry of Municipal, Rural Affairs and Housing emphasized its commitment to supporting agreements and partnerships in the private sector. The fund also aligns with the goals of the Housing Program, one of the initiatives under Saudi Vision 2030, which aims to provide adequate housing opportunities for Saudi families.