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Tag: Riyadh

Construction & Real Estate

Roshn inks $146m deal to develop prime plot in Riyadh community

Roshn Group, Saudi Arabia's leading real estate developer powered by sovereign wealth fund PIF, has signed a strategic agreement with Sateaa Altameer to develop 108,000 sq m plot of land within the Warefa community in Riyadh at a total investment of SAR548 million ($146 million)....

Construction & Real Estate

ilmi Science Discovery and Innovation Centre at Misk topped off

The ilmi Science Discovery and Innovation Centre at Misk City in Riyadh has reached a major construction milestone with a topping-off ceremony, signalling steady progress on what is set to become one of Riyadh’s landmark developments....

Construction & Real Estate

Saudi PIF unit to build 4,000-bed staff accommodation in Riyadh

Smart Accommodation for Residential Complexes Company (sarcc), a unit of Saudi sovereign wealth fund PIF, has signed a Heads of Terms (HoT) agreement with Tamimi Global for the development of a 4,000-bed staff accommodation project in northern Riyadh. ...

Construction & Real Estate

Roshn awards integrated commercial facilities contract for Sedra

Roshn Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed a strategic agreement with Tiraz Al Arabia, a leading real estate group in the kingdom, to develop integrated commercial facilities with its Sedra community in Riyadh. ...

Construction & Real Estate

Alargan, GS REDC launch first Saudi–Korean residential project in Riyadh

Alargan Projects Company, in partnership with Korea’s GS REDC, has officially announced the launch of Oasis Residence, marking the first Saudi–Korean residential development in the kingdom. Located in north Riyadh, it features 182 modern semi- furnished residential apartments. ...

Construction & Real Estate

Hassan Allam Holding launches $880m Noor Khuzam residential community

Hassan Allam Holding’s development arm, Grova Developments, and Tilal Real Estate in partnership with the National Housing Company (NHC) have launched Noor Khuzam, one of the most prominent new residential communities in the northern part of Riyadh....

Construction & Real Estate

Riyadh's King Salman International Airport signs 7 mixed-use projects deals

King Salman International Airport, a Public Investment Fund (PIF) company, has signed seven memoranda of understanding (MoUs) and cooperation agreements with a group of leading national real estate companies to develop a portfolio of mixed-use real-estate projects within its boundaries in Riyadh....

Construction & Real Estate

$480m Al Haier ISTP on track for Q4 commercial operations

Saudi Water Partnership Company (SWPC) has announced that work is in full swing on its SAR1.8 billion ($480 million) Al Haer Independent Sewage Treatment Plant (ISTP) coming up in Riyadh and the plant is on track for commercial operations in the fourth quarter of 2026. ...

Construction & Real Estate

RCRC launches key leadership, innovation centre in Riyadh’s Creative District

The Royal Commission for Riyadh City (RCRC) has announced the opening of its IE Center for Leadership and Innovation within Riyadh’s Creative District. The initiative represents a model for effective global partnerships, contributing to talent development and knowledge transfer. ...

Construction & Real Estate

Hamad Bin Saedan seals Riyadh project management contract

Saudi-based Hamad Mohammed Bin Saedan Real Estate Company has signed a development management contract for a commercial real estate project in capital Riyadh. The scope of work covers key plots of land in the Tuwaiq District spanning over 16,001 sq m area. ...

Construction & Real Estate

Saudi Arabia suspends work on Mukaab megaproject, says report

Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper named Mukaab at the centre of a downtown development in Riyadh while it reassesses the project's financing and feasibility, Reuters said quoting four people familiar with the matter. ...

Construction & Real Estate

300,000 homes planned for Riyadh in next 3 years

Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market....

Construction & Real Estate

Riyadh–Jeddah Land Bridge project set for 2034 completion

Saudi Arabia Railways (SAR) has announced that work is moving at a steady pace on the Land Bridge Project linking Riyadh and Jeddah and will be delivered 'through a new mechanism and in phases' with completion expected before 2034. ...

Construction & Real Estate

Big 5 Construct Saudi’s January edition targets the Kingdom’s fit-out and finishing boom

As Saudi construction sector moves at unprecedented scale and speed, Big 5 Construct Saudi has positioned its January edition as the first major industry touchpoint of the year. The four-day event focuses on fit-out, finishing and project delivery at a critical moment when project developments are rapidly moving from design into execution, said the event organisers. ...

Construction & Real Estate

Big 5 Construct Saudi draws over 1,100 exhibitors from 50 countries

Big 5 Construct Saudi has opened its doors for the January edition in Riyadh bringing together the industry that drives the kingdom’s $1.7 trillion construction project pipeline. More than 1,100 exhibitors from over 50 countries will be taking part in the four-day event. ...

Construction & Real Estate

ElKhereiji lands Knowledge Economic City residential towers contract

The Knowledge Economic City has signed up ElKhereiji Commerce & Contracting to deliver the construction and electromechanical works for four residential towers within the Phase I of Al Alya mixed-use project in Riyadh. Spanning 270,000 sq m, Al Alya is one of the anchor projects at KEC featuring 2,000 residential units and other key amenities. ...

Construction & Real Estate

Experts to discuss waste, water and circular economy at IFAT Saudi Arabia

Global industry leaders, senior policymakers and investors will be in Riyadh to discuss ways to strengthen waste and water systems, advance circular economy models and support long-term environmental resilience at the IFAT Saudi Arabia Summit which kicks off this month. ...

Construction & Real Estate

Mott MacDonald boosts Saudi presence with new Riyadh office

Mott MacDonald, a global engineering, management and development consultancy, has opened its new office in Riyadh as part of its commitment to long-term investment in Saudi Arabia. Through this move, it aims to deliver an expanding pipeline of high-value projects across the Middle East. ...

Construction & Real Estate

CATL opens Mideast's largest new energy aftermarket facility in Riyadh

Leading Chinese battery manufacturer CATL has opened its first new energy aftermarket facility in the Middle East at Riyadh. The launch of the Ning Service Experience Center comes as Saudi Arabia advances its ambitious electrification and decarbonisation goals under Vision 2030. ...

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