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Tag: RIyadh

Construction & Real Estate

Asas Makeen sets up new fund for Riyadh land development

Saudi-based Asas Makeen Real Estate Development has signed a framework agreement with two key entities - Middle East Financial Investment and Binaa Altharwat Company - to set up a real estate investment fund for the development of prime land owned by the company in Riyadh. ...

Construction & Real Estate

Alandalus buys prime plot in Riyadh to build educational complex

Saudi-based Alandalus Property Company said one of its key subsidiaries, Alandalus litashid Almabany Aldirasia Company, has acquired a prime plot of land within the Al Naseem District in Riyadh city designated for the development of an educational complex. ...

Construction & Real Estate

Banan wins contract to develop Riyadh hotel project

Banan Real Estate Company has announced that it has secured a contract from Saudi-based Afaq Al Qimma Al Rabiaa Al Mutatawera Company for the development and marketing of a hotel project within Al Rahmaniya neighbourhood in capital Riyadh....

Construction & Real Estate

JLL named leasing agent for Al Bustan Business Park in Riyadh

Global real estate expert JLL has been signed up as the exclusive leasing agent for Al Bustan Business Park, a new Grade A commercial development in Riyadh by Olayan Financing Company comprising six office buildings with one designated as Olayan’s new headquarters, alongside two dedicated F&B building. ...

Construction & Real Estate

Radisson ramps up Saudi expansion, eyes 100 properties by 2030

Radisson continues to expand in Saudi Arabia, with 50 hotels open and under development across the kingdom, as it targets 100 properties in operation by 2030. The group aims to open 1,000 more rooms in the country during the second half, said a top official....

Construction & Real Estate

Ladun JV lands $639m Riyadh infrastructure development works deal

Ladun Investment Company said its joint venture with Al Ayuni Investment has been awarded SAR2.4 billion ($639 million) contracts for the infrastructure development works on key Al Qirawan, Al Narjis and Namar plots under the Real Estate Balance Program – Phase One in Riyadh....

Construction & Real Estate

King Abdullah Financial District seals partnership with Osool Real Estate

King Abdullah Financial District Development and Management Company said it has signed an agreement with Osool Integrated Real Estate Company that will see the duo work together to identify and execute potential investment opportunities across its portfolio of development projects. ...

Construction & Real Estate

Riyadh's KAFD DMC secures $3.2bn finance facility

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility. ...

Construction & Real Estate

Georg Fischer opens new commercial office in Riyadh

Georg Fischer (GF), a Swiss company dedicated to the manufacture, supply and marketing of thermoplastic piping systems, has announced the opening of its commercial office in Riyadh. With this move, GF aims to bring its global Flow Solutions expertise closer to its customers in Saudi Arabia....

Construction & Real Estate

Al Ramz Real Estate to take full control of Riyadh mixed-use project

Saudi-listed Al Ramz Real Estate Company said it has signed agreements to acquire the remaining units in a private real estate investment fund that owns the Qurtuba 2 development in Riyadh, in a deal valued at SAR 133 million ($35.5 million)....

Construction & Real Estate

RCRC commences construction of seven bridges in Riyadh

The Royal Commission for Riyadh City (RCRC) has commenced work on the Othman Bin Affan Road and King Salman Road development project, which aims to improve traffic flow and enhance the overall mobility experience across the Saudi capital....

Construction & Real Estate

Cityscape Global returns to Riyadh as Saudi real estate push gains pace

Leading real estate expo Cityscape Global 2026 will be back in Riyadh this November, bringing together investors, developers, policymakers and industry leaders from across the globe as Saudi Arabia continues to expand investment in real estate and urban development under its economic transformation plans....

Construction & Real Estate

Ladun secures $637m Riyadh infrastructure development contracts

Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting. ...

Construction & Real Estate

Riyadh begins major intersection upgrades in key districts

Work has begun on a series of intersection upgrades in Riyadh’s western and southern districts, including the one at Ali bin Shiban Street in Al Awali district, as well as the intersection at Ibn Majah Road, as authorities move to modernise infrastructure and ease congestion in the fast-growing capital. ...

Construction & Real Estate

Ladun, Al Ayuni win $87m project under Real Estate Balance Program

Ladun Investment Company, in consortium with Al Ayuni Investment and Contracting Company, has secured a major infrastructure development contract valued at SAR326.7 million ($87.08 million), according to a Saudi Stock Exchange (Tadawul) filing....

Construction & Real Estate

Taif Road extension project work 65pc completed

The Royal Commission for Riyadh City (RCRC) has announced steady progress on the Taif Road extension project, a strategic component of the first batch of the SAR13 billion ($3.4 billion) Main & Ring Road Axes Development Programme, with 65% of the work already completed. ...

Construction & Real Estate

Ladun in deal to develop mixed-use real estate project in Riyadh

Saudi-based Ladun Investment Company has announced that it has signed an agreement with Asbar Capital Company for the implementation of a mixed-use real estate development project on a plot of land owned by one of its key funds, located in Riyadh....

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