SURJ Sports Investment, a company owned by Saudi Arabia’s Public Investment Fund, has launched a new joint venture called radia alongside Live Nation and Oak View Group. The initiative will manage, operate and commercialise multi-use sports and entertainment venues across the country. It aims to support Saudi Arabia’s growing sports sector, which is projected to exceed $22 billion in value by 2030.
Saudi Arabia's Public Investment Fund and global investment manager I Squared Capital have signed a memorandum of understanding. The agreement outlines plans for I Squared to invest up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies, focusing heavily on digital infrastructure and district cooling systems across the Kingdom.
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.
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