Liwan Real Estate Development, a leading Riyadh-based mixed-use developer, has announced a significant new project, Liwan Najd, on the opening day of Cityscape Global 2025. The development, valued at SAR 4.5 billion ($948 million/£766 million), is one of the largest Saudi mixed-use real estate projects to date and will deliver 2,500 residential units near the Al Yarmuk Metro Station in Riyadh’s Granada District.

The ambitious project expands Liwan’s growing portfolio of sustainable communities and is designed to support the Kingdom’s Vision 2030 housing and urban development goals. Now at the design stage, Liwan Najd spans 151,308 sqm with a built-up area of 600,000 sqm. The residential mix will include studios, apartments, penthouses, townhouses, and villas.

Liwan Najd integrates commercial and community facilities, featuring a hotel, offices, F&B, retail outlets, and a mosque. Crucially, more than 60 per cent of its footprint is dedicated to open and landscaped areas, promoting wellbeing and community life. The design blends traditional Najdi architectural traditions with modern principles, emphasising accessibility and walkability.

The development represents a strong investment opportunity in one of Riyadh’s highest-growth districts. Its strategic location along Alhasan Ibn Hussein Ibn Ali Boulevard, near transport corridors and employment centres, ensures long-term value. Riyadh’s property market continues its rapid expansion, with housing transactions exceeding SAR 120 billion in H1 2025 according to Knight Frank.

Abdulrahman bin Saud Aldhyem, CEO of Liwan Real Estate Development, said: “Liwan Najd reflects our vision for the future of Saudi urban living. It’s where heritage and modernity meet, and where sustainable communities generate long-term value for residents and investors. We are especially proud to be unveiling this milestone at Cityscape Global 2025, which showcases the very best the Kingdom has to offer.”

Liwan’s announcement at Cityscape Global 2025 highlights its role in Riyadh’s transformation into a global business and lifestyle hub. The city’s population is projected to surpass 10 million by 2030, driving demand for community-led developments. Liwan, participating as a Platinum Sponsor at the event, is showcasing its approach of bridging heritage with modern sophistication.

The company is already demonstrating delivery momentum. Its Livein Liwan development on King Abdullah Road, which has 616 units, recently reached 50% construction completion. With more than 3,000 residential units currently under development, Liwan aims to deliver 10,000 homes by 2030.

Mr. Aldhyem added: “Liwan Najd is more than a real estate project – it’s a statement about how Saudi cities are evolving. By aligning investment opportunity with sustainable urban growth, we’re creating destinations that deliver both community value and long-term growth.”