The Royal Commission for Riyadh City (RCRC) has unveiled Package 3 of its massive road development programme. This latest phase involves six major projects with a budget exceeding SAR 8 billion. Aimed at modernising the capital's transport network, the initiative aligns with Saudi Vision 2030 to turn Riyadh into a global logistics and mobility hub. Construction is expected to take between three and four years.
IHG Hotels & Resorts has signed a key management agreement with a SEDCO Capital-managed investment fund for the Hotel Indigo Grand Square Jeddah, marking a significant entry into the Kingdom's growing lifestyle travel segment. This 150-key hotel will serve as the core hospitality component of the Grand Square mixed-use project, a major urban development integrating retail and office spaces.
Mawani, the Saudi Ports Authority, has finalised a SAR 29 million contract with Q Saudi for the development and operation of an integrated logistics centre at Yanbu Commercial Port. The new facility, covering 120,490 square metres, is a key component of the National Transport and Logistics Strategy, designed to elevate Saudi Arabia's global logistics standing. The project is expected to deliver significant economic returns, including attracting crucial investments from international logistics firms and creating new employment opportunities. Additionally, it will boost cargo handling volumes and enhance the overall operational efficiency of the Yanbu Commercial Port, a long-established gateway on the Red Sea.
The Saudi Authority for Industrial Cities and Technology Zones, MODON, and JINGDONG Property, JD.com’s infrastructure arm, have signed an MoU to develop and operate two million square metres of logistics and industrial assets in Saudi Arabia. The agreement, sealed at the UNIDO GC21 in Riyadh, focuses on projects in Riyadh, Jeddah, and Dammam. The first project will be a 40,000+ sqm Grade-A speculative warehousing facility in Jeddah Industrial City, built to BREEAM Excellence standards.
The National Housing Company (NHC), Hassan Allam Holding and Tilal Real Estate alliance have sealed a strategic agreement at Cityscape Saudi Arabia 2025. This collaboration will launch their first mixed-use project in Riyadh's Khozam District, spanning over 228,000 m². The development represents an investment exceeding SAR 3.3 billion and directly supports Saudi Arabia’s Vision 2030 Housing Program.
Riyadh-based developer Liwan Real Estate Development has announced Liwan Najd, a SAR 4.5 billion ($948 million) mixed-use development, at Cityscape Global 2025. The project will feature approximately 2,500 residential units across various types, located next to the Al Yarmuk Metro Station in the Granada District. Spanning 151,308 sqm with a 600,000 sqm built-up area, over 60% of the project will be dedicated to open and landscaped areas.
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