Riyad Capital has partnered with the Saudi Railway Company (SAR) to establish a SAR 6 billion real estate fund for a mixed-use Transit Oriented Development project in Makkah. Located near the Haramain High-Speed Railway Station, the 90,000-square-metre site will feature hotels, commercial centres, and residences, supporting Saudi Vision 2030’s goals of urban growth and investment diversification.
Saudi Minister of Municipalities and Housing Majed Al-Hogail will begin a tour of China and South Korea to boost cooperation in real estate, urban technology, and smart cities. The trip will include signing agreements for 100,000 new homes by 2030 and furthering partnerships with leading Asian firms, in support of Saudi Vision 2030’s urban development goals.
The Red Sea EDITION has officially opened as the first hotel on Shura Island, marking a defining moment in Saudi Arabia’s luxury tourism evolution. Developed in collaboration with Red Sea Global, this 240-room beachfront resort embodies a new era of sustainable hospitality and refined simplicity, powered entirely by renewable energy and designed in harmony with the surrounding natural beauty of The Red Sea.
Dar Global has unveiled Trump Plaza Jeddah, a USD 1 billion mixed-use development in partnership with The Trump Organization. The project, featuring residences, offices, and a Central Park-inspired green spine, is the second Trump-branded scheme in Saudi Arabia following Trump Tower Jeddah.
Saudi Arabia’s Ministry of Municipalities and Housing has issued new regulations for transport rental offices and vehicle shelters across land, sea, and air. The updated standards aim to improve safety, accessibility, and service quality, while opening new investment avenues and enhancing the overall travel and mobility experience.
Saudi Arabia has introduced a five-year rent freeze in Riyadh, halting increases for residential and commercial properties as part of new rules approved by the Cabinet. The measures, effective from 25 September, aim to curb rising rental costs and strengthen protections for both landlords and tenants.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
