On November 18, 2025, the King Salman Park Foundation announced today that it has launched a mixed use investment fund totaling 3.8 billion Saudi riyals (approximately 1 billion US dollars) with Ajdan Real Estate Development Company and SEDCO Capital to develop a comprehensive urban block within King Salman Park. As one of the core projects of Saudi Arabia's 2030 Vision, this park is currently the largest urban park development project in the world.

Building a multifunctional comprehensive community

According to a press release released by the foundation, the project will build a comprehensive residential community, including over 600 residential units, more than 200 hotel rooms, 45000 square meters of office space, and diversified retail and service facilities. The project is located along Oruba Road, covering an area of 106000 square meters, adjacent to the Royal Art Complex, with convenient transportation. In the future, it will be deeply integrated with the cultural and entertainment resources within the park.

Innovation platform promotes urban development

The fund adopts an innovative cooperation model: the foundation invests in land, and private partners are responsible for capital investment, jointly building a transparent and financing capable investment platform. Before the project was launched, it went through a comprehensive and flexible proposal solicitation process, which comprehensively evaluated the commercial value, design quality, and execution ability. Eventually, Ajdan Real Estate Development Company's proposal was selected.

Over the past six years, King Salman Park has gradually moved from planning to implementation. Significant progress has been made in infrastructure, landscape creation, and public space development within a 17 square kilometer area of the park. The establishment of this fund is a crucial step in promoting real estate investment plans, aimed at attracting top institutional investors and developers to build high-quality, integrated urban communities around the park.

Building a sustainable urban ecosystem

George Tanasijevich, CEO of the King Salman Park Foundation, stated that this is not only an investment fund, but also a catalyst for promoting comprehensive urban development, committed to creating an ideal destination that integrates nature, culture, and community in the core of Riyadh city. He added that collaboration with institutional partners reflects a commitment to jointly building sustainable and vibrant urban areas.

Mohammed Al Otaibi, CEO of Ajdan Real Estate Development Company, pointed out that this cooperation reflects the company's common pursuit of creating a people-oriented and functional composite block in the park. The project will set a new benchmark for sustainable and mixed use urban design in Riyadh.

Abdulwahhab Abed, CEO of SEDCO Capital, emphasized that the cooperation demonstrates the strength and maturity of Saudi Arabia's real estate investment field. Through this transformative project that aligns with Saudi Arabia's 2030 vision, it will build a green and vibrant urban environment for Riyadh, creating lasting economic value and positive social impact. Keywords: Middle East International News, Middle East Latest News

The establishment of this fund marks an important milestone in the development of King Salman Park as a comprehensive urban ecosystem. The project will further improve the quality of life for residents and consolidate Riyadh's position as a global investment hub and world-class livable city. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website Middle East column editor/Yang Beihua