Cityscape Global 2026 has introduced its new Capitals platform to link international finance directly with major real estate projects in Saudi Arabia. The initiative follows a successful 2025 event that attracted entities handling USD 6.1 trillion in assets. The updated networking platform expands target audiences beyond standard institutional funds to connect worldwide asset owners with the country's accelerating urban development, housing and hospitality schemes.
Blacksand has signed a major agreement with Marriott International to build ten new hotels across Saudi Arabia. The four-year multi-brand project will introduce more than 1,300 rooms across the country. Key properties will span luxury, premium and extended-stay sectors. The first location is scheduled to launch in Riyadh, with construction and design planning already underway to support national tourism growth.
KAFD DMC has signed a memorandum of understanding with Osool Integrated Real Estate Company to evaluate new property investments in Riyadh. The non-binding deal aims to address the rising demand for prime commercial and residential space within the financial district. The collaboration follows a recent SAR 12 billion financing facility raised by the district operator.
The developer of Riyadh’s landmark business district, KAFD DMC, has secured a SAR 12 billion senior-secured Murabaha funding facility. Spanning a 15-year term, this marks the company’s first independently raised debt package. Arranged by Al Rajhi Capital alongside a syndicate of ten local and regional banks, the oversubscribed facility will fund further commercial asset delivery and infrastructure expansion across the premier financial hub.
Saudi Arabia's Minister of Municipalities and Housing, Majid bin Abdullah Al-Hogail, has secured housing projects worth over 1.9 billion riyals during an official visit to China. The trip featured the signing of six major agreements alongside the launch of the Saudi-Chinese Contractors Forum. These deals form part of a broader bilateral strategy to construct 100,000 homes in the Kingdom by 2030.
Miraval Resorts and Spas has opened its first international location, Miraval The Red Sea, on Shura Island in Saudi Arabia. Announced on 9 June 2026, the 180-room adults-only wellness retreat blends the brand's mindfulness philosophy with local heritage. The eco-friendly resort features the largest spa on the island, plant-forward dining and specialised wellness programs powered completely by renewable energy.
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