Rotana has signed a deal with Zawaya Properties Company to debut its branded residences segment in Saudi Arabia. Located in Makkah, the project will deliver 240 serviced hotel apartments within the SAR 26 billion Thakher development. The project targets growing demand from pilgrims and long-stay corporate travelers under the Saudi Vision 2030 tourism expansion strategy.
Saudi-listed Banan Real Estate Company has secured a 54.9 million riyal contract to develop and market a new hotel building in the Al Rahmaniya neighborhood. The two-year agreement was signed with Afaq Al Qimma Al Rabiaa Al Mutatawera Company, a subsidiary of the fourth Artal Real Estate Fund. Financial impacts are expected to lift company revenues from the second half of 2026.
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.
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