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Arady Real Estate Invests 50B Riyals in Saudi Market
Arad Saudi Company has launched a major development project in the Saudi real estate market, aiming to build integrated urban communities spanning approximately 10 million square meters at a value estimated at 50 billion riyals. The project focuses on developing 100,000 residential units over five years, with construction beginning in the Al-Rimal district of Riyadh in mid-2027. The majority of the investment is financed by a fund managed by Al Rajhi Financial Company. The project includes residential, commercial, and recreational facilities, with the goal of increasing citizen homeownership to 70% by 2030. It seeks to balance housing demand and market stability by transforming undeveloped land into integrated residential products, thereby boosting confidence in the market and enhancing the competitiveness of the Saudi real estate sector.
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