Al Rajhi Capital, droppRWA Sign Agreement on Rabigh Oasis Tokenization

The 10-million-square-meter mega-hub, which connects King Abdullah Port, Rabigh Airport, and the Saudi Land Bridge rail project, is positioned to become the Middle East’s first tokenized industrial infrastructure project. Under the MoU, both parties will collaborate to explore structuring Sharia-compliant tokenized investment models that enable institutional investors to access fractional ownership of warehouses, manufacturing facilities, and logistics assets.

droppRWA previously completed Saudi Arabia’s first-ever tokenized property transaction and currently works on blockchain frameworks. This MoU extends that expertise to industrial real estate at national scale, supporting Vision 2030 and the Kingdom’s FDI ambitions.

“At Al Rajhi Capital, we are committed to pioneering investment solutions that elevate the Kingdom’s economic future. Tokenizing marks a transformational step in opening Saudi industrial infrastructure to global institutional capital—securely, transparently, and in full alignment with Vision 2030.” said Hossam Albasrawi, Chief Executive Officer, Al Rajhi Capital.

The MoU outlines a framework for cooperation as Rabigh Oases progresses from land development into a fully operational industrial zone. The project is already 40% complete and is being designed as a future bonded zone serving Vision 2030 priority sectors—such as aerospace components, medical devices, renewable energy infrastructure, food processing, automotive assembly, and petrochemical support industries.

“Industrial tokenization is very different from residential,” said Faisal Al-Monai, Chairman of droppRWA. “These are long-term cash-flowing assets—warehouses, manufacturing plants, and logistics nodes. Institutions want exposure, but traditional structures can be costly, illiquid, and frictional. droppRWA’s Trust Stack solves these issues while maintaining full sovereign regulatory control.”

Rabigh Oases’ strategic location on the Red Sea positions it as a critical export gateway and manufacturing hub central to Vision 2030’s diversification strategy. Tokenization—explored under the MoU—would open the door to global institutional capital while remaining fully compliant with CMA regulations and Sharia principles.

The MoU aims to establish a model for how the Kingdom’s industrial cities and economic zones can leverage digital capital markets to accelerate development, aligning Saudi Arabia’s infrastructure ambitions with next-generation financial technology.

Alrajhi-capital is a closed joint-stock company licensed by the Capital Market Authority in the Kingdom of Saudi Arabia under license number (37/07068) to conduct securities business activities, including dealing, investments and fund management, arranging, advising, and custody. It is wholly owned (100%) by Alrajhi Bank.