Arada kicks off Riyadh operations with SAR 50 billion land portfolio ...Saudi Arabia

Arada, one of the world's fastest-growing master developers, has announced the establishment of Arada KSA, a new real estate development company that will be responsible for delivering large-scale communities across the Kingdom of Saudi Arabia. The new entity has been founded in strategic partnership with XTOPIA, a community and lifestyle company developing integrated mixed-use destinations across the region. Mohammed AlDhabaan, Chairman of XTOPIA, has been appointed Chairman of Arada KSA, reflecting the significance of the local partnership at the heart of the new company's foundation. Arada KSA has access to a significant 10 million square metre land bank across Saudi Arabia with a collective value of SAR50 billion, spanning key strategic locations including Riyadh, Jeddah and Makkah. The entry into Saudi Arabia is the latest step in Arada's rapid global expansion. The company now has a project pipeline valued at SAR189 billion ($50 billion) across five markets, with a portfolio of more than 70,000 homes spanning the United Kingdom, Syria, Australia, the UAE and — with this announcement — the Kingdom of Saudi Arabia. In total, Arada has completed 17,000 homes. Mohammed AlDhabaan, Chairman of Arada KSA, said: “The establishment of Arada KSA marks a significant step forward for the development of world-class communities in the Kingdom. Our land bank, which features key strategic locations across the Kingdom, positions Arada KSA as a platform with genuine national scale and reach. Saudi Arabia’s residential market has never offered more compelling long-term fundamentals, and the combination of Arada’s global track record in community building with XTOPIA’s deep local expertise creates a platform with real long-term potential for the Kingdom.” **media[2782722]** Arada KSA’s first project is a SAR14 billion residential master plan in the Al Rimal District of north-eastern Riyadh, which is one of the largest private real estate projects to be announced in the Saudi capital in recent years. Working in close partnership with the relevant government authorities, Arada KSA will develop a master plan for the site that is fully aligned with Saudi Arabia's housing vision and national development priorities. The development will be delivered on a plot of approximately 2.5 million square metres and will comprise an estimated 3,500 villas and townhouses surrounded by 100,000 trees, with world-class amenities including a school, retail, a community centre and sporting facilities. The Al Rimal project will be funded through a Capital Market Authority-regulated investment structure managed by a licensed financial company. Onsite construction and sales of the project are both scheduled to commence in 2027. The project supports the objectives of the Quality of Life Programme, one of the Vision 2030 realisation programmes, which aims to establish Saudi cities among the most liveable in the world. In Riyadh, that ambition is being advanced by the Royal Commission for Riyadh City through the Green Riyadh programme, which will plant 7.5 million trees across the capital and raise the per capita share of green space from 1.7 square metres to 28 square metres by 2030. Chairman Mohammed AlDhabaan’s quotesOn Arada KSA’s launch The Saudi Market & Long-Term Growth“Arada KSA was established to create a sustainable presence aligned with the significant growth and transformation of the Saudi real estate market. Urban expansion, changing resident needs, and higher expectations for community quality are shaping this market. We see an opportunity not just to increase housing supply, but to develop communities that provide lasting value to residents.” Global Expertise & Local Knowledge“Arada KSA’s strength comes from combining Arada’s proven record in developing integrated communities across various markets with XTOPIA’s deep understanding of Saudi society and its needs. This partnership allows us to apply global expertise while tailoring projects to local market realities and the Kingdom’s lifestyle.”

Hence then, the article about arada kicks off riyadh operations with sar 50 billion land portfolio was published today ( Tuesday 20/10/2026 - 05:25 PM ) and is available on ٍٍٍSaudi Gazette ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Arada kicks off Riyadh operations with SAR 50 billion land portfolio )

Last updated : 20 October 2026 clock 05:25 PM

Also on site :

Arada kicks off Riyadh operations with SAR 50 billion land portfolio ...Saudi Arabia

US and China Battle for Influence in Central Asia as Rubio Seals $12 Billion in

West Monroe Marks Third Annual Innovation Week by Showcasing Employee-Built AI Solutions and Investing in Future Innovators

CBDT notifies new form for tax exemption claims on govt securities

ThreatModeler lanza NexusAI para cerrar la brecha entre la velocidad de desarrollo y la seguridad

Saudi Arabia and Asia Locked In Dispute Over 2027 Term Oil Deals

New Private Equity kooperiert mit ONE group solutions beim Aufbau einer datengestützten Fonds-Governance-Plattform für weltweit tätige Vermögensverwalter

Faye Recognized as a 2026 Inc. Power Partner Award Winner

Small-town shoppers drive strong start to India's festival online sales

Stardock to Publish Colonus, a Medieval City Builder

UNLEASH 2026 alcanza un crecimiento récord en París

Shipping Crisis Forces Asian Crude Buyers to Use Smaller Tankers

Police Leaders Are Building Their Own License Plate Reader Safeguards and Expect Every New Technology to Face the Same Test, NPI Report Finds

All institutions, political parties should unite for national interest: PM

FinMin gives in-principle nod to scheme for solar polysilicon manufacturing

Russia’s Shadow Role in Iran War Comes Under Fresh Scrutiny