The Top Residential Development Projects in Riyadh to Watch

Don’t miss out on these residential development projects in Riyadh if you want to make the best investment

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As the capital city of Saudi Arabia, Riyadh is at the forefront of the Kingdoms push towards a more innovative, expanded and inclusive future.&nbsp; It is home to several of the pioneering mega projects that echo the themes of the nation’s Vision 2030 as well as a first class infrastructure, bustling cultural scene and internationally connected commercial districts.&nbsp; It is also growing in popularity amongst tenants, residents, visitors, tourists and investors from around the world.&nbsp; More and more people are recognising the unique potential of Saudi Arabia and Riyadh itself and are keen to put themselves in the right situation to take advantage of its thriving economic future.&nbsp; For potential residents and luxury property investors the possibilities in Riyadh are almost limitless, so we wanted to take a look at some of the top residential development projects in Riyadh that are not to be missed. 
 
Vives Compound 
This western-style community is a high end residential complex designed to exceed the expectations of its tenants in terms of comfort and convenience.&nbsp; It is setting a high bar for the type of new residential accommodation options and development projects that are being initiated in Saudi Arabia, where residents can enjoy excellent security, beautifully designed homes, a state of the art infrastructure and comprehensive amenities.&nbsp; Vives Compound is made up of two residential areas with a combined size of 180,000 sqm and 230 fully equipped residential units that include villas and apartments.&nbsp; The luxury properties are also surrounded by landscaped gardens, walking paths and lifestyle amenities geared towards health and wellness. A typical three-bedroom villa in Vives Compound is approximately 285 sqm and comes fully furnished.&nbsp; On the ground floor there is a spacious living room and dining room with a fully equipped kitchen, guest bathroom and storage area.&nbsp; On the first floor there are two bedrooms with a shared bathroom, a living room and a grand master bedroom suite with en-suite bathroom.&nbsp; Outside the villa also comes with a green front yard and a private back garden, so they are ideal for couples with children or those who love to entertain.&nbsp; Vives Compound also delivers on the facilities side of things, having been planned perfectly to deliver a modern community spirit for its residents that is enhanced with all the conveniences they could need.&nbsp; In addition to excellent transportation services, the community amenities include a supermarket, tennis courts, basketball courts, volleyball courts and a mini soccer field.&nbsp; There is also a main swimming pool and kid’s pool, both with showers and lockers, a nursery, kid’s playground, steam room, jacuzzi, gym and laundry facilities. 
Nasaj Town Alnarijis 
Another new housing project, one of the 28 located in the Riyadh area, that is making waves is Nasaj Town Alnarijis, executed by the Saudi Retail Urban Development Company.&nbsp; This brand new residential area will include 455 villas and is designed to contribute to the nation’s commitment to increasing housing opportunities for its citizens.&nbsp; The complex will be overseen by the National Housing Company, an affiliate of the Housing Ministry and will cover an area of around 716,000 square metres just to the north of Riyadh’s town centre.&nbsp; 
With over 35,000 new apartments, houses and villas projected to be completed in Riyadh’s push for more residential areas, this is a great time to find the right fit for your portfolio if you are a luxury property investor with vision and a desire to add a lucrative asset to their long-term strategy.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
If you would like to find out more about Riyadh residential projects, KSA mega projects, luxury property in Saudi Arabia or other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today{{ include_custom_fonts({"__BentonSans_2d01b9":["Light","Regular"]}) }}

<img src="https://146414713.fs1.hubspotusercontent-eu1.net/hubfs/146414713/Imported_Blog_Media/afdl-msharyaa-alttoyr-alaakary-fy-alryad-4cc82fb9de4cde0a0fe2ba585c7ae851-1-2.webp" alt="Featured Image" style="width: 100%;"> 
 
As the capital city of Saudi Arabia, Riyadh is at the forefront of the Kingdoms push towards a more innovative, expanded and inclusive future.&nbsp; It is home to several of the pioneering mega projects that echo the themes of the nation’s Vision 2030 as well as a first class infrastructure, bustling cultural scene and internationally connected commercial districts.&nbsp; It is also growing in popularity amongst tenants, residents, visitors, tourists and investors from around the world.&nbsp; More and more people are recognising the unique potential of Saudi Arabia and Riyadh itself and are keen to put themselves in the right situation to take advantage of its thriving economic future.&nbsp; For potential residents and luxury property investors the possibilities in Riyadh are almost limitless, so we wanted to take a look at some of the top residential development projects in Riyadh that are not to be missed.

Architectural icon on the Red Sea coast "Golden Tower Jeddah"

architectural icon on the Red Sea coast "Golden Tower Jeddah"

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The "Golden Tower Jeddah" stands as a prominent architectural icon along the captivating Red Sea coast in the city of Jeddah, Kingdom of Saudi Arabia. The city of Jeddah, also known as the "Bride of the Red Sea" with its beautiful corniche has evolved into a hub for private real estate investments, with the Golden Tower taking center stage in this vibrant coastal city. 
 
Setting a benchmark in modern technology, the Golden Tower Jeddah is an iconic addition to the Red Sea coastline. Boasting sleek lighting between floors, enhancing the building's aesthetic appeal along the Corniche, the Golden Tower Jeddah is a sight to behold during the day and at night. Soaring majestically over 48 floors and reaching a height of 205 meters, the tower offers breathtaking panoramic views of the Red Sea. 
Adding to its allure, the Golden Tower enjoys proximity to the renowned Jeddah Corniche Circuit, providing residents with an exclusive vantage point to witness thrilling racing events including the Saudi Arabian Grand Prix. 
Strategically located, the tower ensures convenient access to key destinations in Jeddah, including the airport, popular markets, commercial centers, and the historical city. 
Upon entering the Golden Tower, residents are welcomed by a luxurious lobby graced with a water fountain and exquisite decor. The 9-meter-high lobby, with a sea-facing reception area, is bathed in natural light, creating a welcoming ambience. 
Distinguishing itself further, the Golden Tower offers residents a premium hospitality experience that residents will notice from the moment they step into the building. The beautifully landscaped green spaces, gender-specific gyms, a games hall, and dedicated rest areas for children all add to the convenience of the residents. The lower-level terrace and parking spaces cater to VIP’s and celebrities along with their guests. 
In essence, the Golden Tower emerges as a coveted destination for those seeking a luxurious lifestyle. Reflecting the upscale living trend along the Jeddah Corniche, the city has established itself as a hub for entertainment in the region, making the Golden Tower an integral part of the region's premier areas for leisure and lifestyle. 
&nbsp; 
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The "Golden Tower Jeddah" stands as a prominent architectural icon along the captivating Red Sea coast in the city of Jeddah, Kingdom of Saudi Arabia. The city of Jeddah, also known as the "Bride of the Red Sea" with its beautiful corniche has evolved into a hub for private real estate investments, with the Golden Tower taking center stage in this vibrant coastal city.

The Ritz-Carlton Diriyah - Modern Residences with Historical Najdi Spirit.

<img src="https://146414713.fs1.hubspotusercontent-eu1.net/hubfs/146414713/Imported_Blog_Media/rytz-karlton-aldraay-msakn-aasry-broh-njdy-tarykhy-203b52d783a5cf69f3ee202dd585615f-1-2.webp" alt="Featured Image" style="width: 100%;"> 
 
The city of Diriyah holds significant historical and cultural importance in the Kingdom of Saudi Arabia. This has played a key role in its development as it strives to become a premier tourist and residential destination in the coming years, aligning with the Kingdom’s ambitious vision for 2030. As part of this initiative, the city is set to unveil numerous hotels and projects, including luxury residential buildings, solidifying Diriyah's status as a sought-after destination for lifestyle and tourism. 
 
Among the significant projects in Diriyah is the Ritz-Carlton Residences Diriyah project, initiated by the Diriyah Company in collaboration with Marriott International. This residential development features a collection of luxury villas with a design that follows ancient Najdi architecture, ensuring harmony with the city's rich history and cultural heritage. 
The project's prime geographical location in the heart of the historic city adds to its distinction, offering proximity to numerous cultural and tourist sites, as well as hotels, restaurants, and renowned brands. Moreover, it promises an exceptional lifestyle by seamlessly blending historical Najdi designs with modern international services, ensuring an unparalleled residential experience. 
The Ritz-Carlton, Diriyah comprises 106 exclusive villas across six different designs, offering 3, 4, and 5-bedroom options with various interior designs, including Najdi, contemporary Najdi, and modern styles. Residents will enjoy high-end amenities such as private workspaces, two swimming pools (one for men and one for women), a mosque, outdoor spaces, private play areas, a children’s nursery, gender-segregated gyms, a café, and a store, along with exclusive services. 
The residences at the Ritz-Carlton, Diriyah will provide a unique, upscale living experience, distinguished from others in many cities in the Kingdom of Saudi Arabia, primarily due to the city’s historical importance. These residences feature special modern designs that capture the essence of the city, making them an exclusive residential choice for those who appreciate excellence.{{ include_custom_fonts({"__BentonSans_2d01b9":["Light","Regular"]}) }}

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The city of Diriyah holds significant historical and cultural importance in the Kingdom of Saudi Arabia. This has played a key role in its development as it strives to become a premier tourist and residential destination in the coming years, aligning with the Kingdom’s ambitious vision for 2030. As part of this initiative, the city is set to unveil numerous hotels and projects, including luxury residential buildings, solidifying Diriyah's status as a sought-after destination for lifestyle and tourism.

The Makkah Public Transport Program

Getting around is easier than ever with the extensive Makkah Public Transport Program

<img src="https://146414713.fs1.hubspotusercontent-eu1.net/hubfs/146414713/shutterstock_2577446915.jpg" width="1000" height="563" loading="lazy" alt="shutterstock_2577446915" style="width: 1000px; height: auto; max-width: 100%;"> 
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The Makkah Public Transport Program is a comprehensive public transport design and built project that includes a Metro, Bus Rapid Transit (BRT), Express Bus, Feeder Bus and all the associated infrastructure and Intelligent Transport Systems.&nbsp; It was a visionary concept launched in order to transform the transport capabilities of this revered city, particularly given its importance to worshippers both in Saudi Arabia and around the world.&nbsp; As well as providing a new framework to seamlessly manage and coordinate the growing numbers of annual pilgrims, the Makkah Public Transport Program is a testament to the evolution of this internationally recognised destination and the worldwide interest in investment into this burgeoning powerhouse.

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<h3>The Makkah Public Transport Project </h3>
A major part of the Makkah Public Transport Project is the development of its comprehensive bus network.&nbsp; The new system, designed to serve both residents and pilgrims, will feature more than 400 buses once it is up and running fully.&nbsp; The buses will break down into 240 regular buses with 85 seats each and 160 larger buses with 125 seat capacities.&nbsp; To reflect the Kingdom’s commitment to innovation and progress, the buses will have wifi services, an AV system for trip information, hydraulic access for people of determination, collision avoidance software, surveillance cameras and environment protection systems which reduce Euro-4 carbon emissions.&nbsp; The completion of the bus network will have two phases, one with 12 lines and 83 stops and the second phase of 5 ‘express’ lines with 342 stops that stretches over 172km.&nbsp;&nbsp; The buses will operate for an average of 22 hours per day, enabling them to handle the immense transportation needs of Makkah’s population growth and the annual increase of visitors to the Grand Holy Mosque and holy sites of Makkah. It will also enhance connectivity for residents in new developments such as <a href="https://sothebysrealty.sa/en/project/jumeirah-jabal-omar-makkah" rel="noopener">Jumeirah Living Jabal Omar Makkah</a>. The project will also include the ‘construction of a bus accommodation station, which includes control building, driver’s management building, gas station, light maintenance workshop, bus washing and maintenance station, heavy maintenance workshop, bus stops, drivers housing facilities’.&nbsp; The metro will begin with an 11km long Green Line that will have seven stations, linking Al Mashaar train station in Mina with Marwa station, just north of the Grand Mosque, before being extended to the Haramain High Speed Rail Station.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<h3>Local and Regional Impact </h3>
One of the key elements that has made reactions to the Makkah Public Transport Program so enthusiastic is its positive impact for the community and surrounding region.&nbsp; The new transport systems will provide easy access to key educational institutions, health facilities, commercial outlets and recreational areas as well as contributing to reducing pollution and protecting the environment by reducing dependence on driving.&nbsp; It will also help to fuel support for economic development in Makkah and act as a helping hand for the global visitors to the Grand Holy Mosque during the most important times in their lives.&nbsp;&nbsp;&nbsp;
If you would like to find out more about the Makkah Public Transport Program, Mecca investment opportunities, KSA mega projects, luxury property in Saudi Arabia or other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.
&nbsp;{{ include_custom_fonts({"__BentonSans_2d01b9":["Light","Regular"],"FreightBig":["Regular"]}) }}

<img src="https://146414713.fs1.hubspotusercontent-eu1.net/hubfs/146414713/shutterstock_2577446915.jpg" width="1000" height="563" loading="lazy" alt="shutterstock_2577446915" style="width: 1000px; height: auto; max-width: 100%;"> 
&nbsp;
The Makkah Public Transport Program is a comprehensive public transport design and built project that includes a Metro, Bus Rapid Transit (BRT), Express Bus, Feeder Bus and all the associated infrastructure and Intelligent Transport Systems.&nbsp; It was a visionary concept launched in order to transform the transport capabilities of this revered city, particularly given its importance to worshippers both in Saudi Arabia and around the world.&nbsp; As well as providing a new framework to seamlessly manage and coordinate the growing numbers of annual pilgrims, the Makkah Public Transport Program is a testament to the evolution of this internationally recognised destination and the worldwide interest in investment into this burgeoning powerhouse.

Four Seasons Amala - A Luxurious Oasis by the Red Sea

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The Amala destination in the Kingdom of Saudi Arabia is hailed as a prime spot for future tourists. Perched along the picturesque Red Sea coast in the northwest, it promises luxurious residential and hospitality experiences. Here, you'll find a mix of residential projects, resorts, and hotels, along with a plethora of services, dining options, and upscale amenities. It's set to be a haven for those seeking luxury and relaxation in a stunning setting. 
 
The Four Seasons Resort stands out as a key project in the upcoming tourist hub of Amala, slated to welcome guests by early 2025. Situated in the Triple Bay area, it will feature 220 hotel rooms and suites, along with 26 opulent residences offering breathtaking views of the sea and the picturesque landscape. 
This project is the result of a collaboration between the Red Sea International Company, the developer behind the Amala destination, and the world-renowned hospitality brand Four Seasons. Together, they're set to deliver not just a resort and wellness centre, but also residential units that align with the lofty ambitions of this remarkable tourist spot. 
The resort will provide guests and residents with a number of unique experiences catering to all interests and activity enthusiasts. These include guided hiking excursions led by resort specialists, a sea-view golf course, mountain biking, horseback riding, Pilates, and various other sports and recreational activities. 
The Four Seasons Amala will also feature several restaurants, meeting and event venues, designated spaces for children, and an information centre to guide guests about the surrounding areas near the resort. 
The Four Seasons Amala enjoys stunning views of the Red Sea, perfectly complementing its natural surroundings located between mountain slopes and the blue waters. Designed to harmonise with its environment, it offers a luxurious lifestyle far from the hustle and bustle of cities and the pressures of everyday life. Residents and visitors alike can build a connection with nature, allowing them to unwind, clear their minds, and restore balance to their lives. 
&nbsp; 
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The Amala destination in the Kingdom of Saudi Arabia is hailed as a prime spot for future tourists. Perched along the picturesque Red Sea coast in the northwest, it promises luxurious residential and hospitality experiences. Here, you'll find a mix of residential projects, resorts, and hotels, along with a plethora of services, dining options, and upscale amenities. It's set to be a haven for those seeking luxury and relaxation in a stunning setting.

Modern construction techniques in The Kingdom of Saudi Arabia

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The Kingdom of Saudi Arabia has begun the modernisation process of its construction and has invested heavily in advanced technologies resulting in a higher quality of new builds. By investing in cutting edge technology money will be saved in the long term, and new buildings will be much more environmentally friendly and completed in a much more timely manner. 
There are a variety of ways in which the construction process has been modernised which includes using prefabricated concrete units - these units are pre-prepared in the factory - meaning a quicker completion of the building once they are delivered to the construction site. These units are immeasurably valuable and are a key component of each aspect of buildings from the floors, to the ceilings, to the foundations and walls. Other components include lightweight steel structures, which are made of thin sheets, and can be created without the use of heat. These structures are rust resistant and despite being lightweight ensure greater support and durability for the building.&nbsp; 
Building bricks or wall panels can be made from insulated concrete units which are made of high-density polystyrene boards. These panels can be used in several layers using plastic or steel connectors. 
Lightweight aerated concrete is made of fine aggregate, cement and material that contains air bubbles. It can be used to create different things such as building bricks, small panels and both reinforced and non-reinforced panels and thresholds. The product is easily cut and installed and can be used across all different types of buildings. 
The modernisation of construction in the Kingdom of Saudi Arabia has been implemented across the different stages of construction, starting at its inception by using 3D printing. 3D&nbsp;printing ensures the correct amount of material is used resulting in 60% less waste and significant cost reduction as there is no waste due to how precise the measuring is and no storage cost for excess materials. This technology ensures rapid completion and can be used from creating the foundation to creating the walls and brick moulds. 
Prefabricated building materials rely on assembling components necessary for construction away from the building site in order to save time and reduce costs. Doors, windows, walls, stairs, floor panels and roof support and occasionally entire buildings can all be pre fabricated away from the site. 
Recently, remote robotic technologies that can be controlled directly, or remotely, have been used. They contribute to the manufacturing of equipment and machines that are used in the construction process. They can be used to create materials and also to inspect the quality of materials and work on the site. 
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<img src="https://146414713.fs1.hubspotusercontent-eu1.net/hubfs/146414713/Imported_Blog_Media/tknyat-albna-alhdyth-fy-almmlk-alaarby-alsaaody-20216d8c79f403c008aade63721f59b2-1-2.webp" alt="Featured Image" style="width:100%;"> 
 
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Autumn entertainment in Riyadh

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Autumn sees a reemergence of people across the Kingdom of Saudi Arabia return to the great outdoors to partake in activities which aren’t possible in the heat of the summer months. Desert camping, exploring the bountiful parks and gardens, mountain trips and visiting cities and historical sites are enjoyed by friends and families across the kingdom.

The capital city, Riyadh, has plenty on offer that attracts people not only from Saudi Arabia, but also international tourists. There are a variety of festivals and events which appeal to people far and wide. The Riyadh International Book Fair is one of the most notable events which is held at King Saud University from 28th September to 7th October and has participants from more than 32 different countries. The exhibition is rich in a variety of culture: poetry evenings, plays and concerts.
Riyadh is also hosting the fourth year of its most famous festival the Riyadh Season Festival which sees a celebration of the culture and civilization of the kingdom. The festival launches on 28th October and will be home to many varied events. For the first time ever in the Middle East there will be a Disney Castle to celebrate the centenary of its founding.
Football fans can also explore the Legends Museum, the largest football museum in the world, and festival goers can also enjoy the House of Hype, the largest virtual world on earth. Riyadh’s Seasonal festival is home to some of the most distinctive and unique experiences in the world.
The kingdom is expected to welcome many Saudi residents, and tourists, to celebrate these culturally unique and diverse Riyadh Nights and all they have to offer this autumn.
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Autumn sees a reemergence of people across the Kingdom of Saudi Arabia return to the great outdoors to partake in activities which aren’t possible in the heat of the summer months. Desert camping, exploring the bountiful parks and gardens, mountain trips and visiting cities and historical sites are enjoyed by friends and families across the kingdom.

The Sakani Housing Program

The Sakani Housing Program is a real estate initiative launched in 2017 by the Ministry of Housing and the Real Estate Development Fund to support Saudi citizens in owning their first home.

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The Sakani Housing Program is a real estate initiative launched in 2017 by the Ministry of Housing and the Real Estate Development Fund to support Saudi citizens in owning their first home.&nbsp; The idea was to create new housing stock and real estate units, allocate plots and homes to nationals and assist with financing their purchase.&nbsp; The overall goal of the program is to reach 70% home ownership by 2030.&nbsp; Recently, the Sakani Housing Program has successfully launched a series of projects in key areas of Saudi Arabia including the up and coming city of Al Khobar, so we wanted to take a closer look at this altruistic real estate project and what impact it is having.&nbsp; &nbsp;
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<h2>Al Khobar: The Destination</h2>
Al Khobar is a city in the Eastern Province of Saudi Arabia, right on the coast of the Persian Gulf.&nbsp; It is also part of the ‘Triplet Cities’ with Damman and Dhahran, making up a key residential core in this area of the Kingdom.&nbsp; Historically known for its trading acumen, the city is now home to a series of hugely popular shopping malls.&nbsp; It also has a 16km corniche, beautiful beaches, five-star resorts and Suwaiket Street, officially known as the Prince Bandar ibn Abdulaziz Street, which hosts many of the oldest markets in the city.&nbsp;&nbsp;
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<h2>Park View Housing</h2>
Under the Sakani Housing Project, a new program was launched in Al Khobar, the 280,000 square metre Park View housing project.&nbsp; Aimed to provide more home ownership opportunities for Saudi citizens and their families, the project is being implemented as part of a public-private-partnership (PPP) and will include 484 residential units.&nbsp; The residential units will be villas and townhouses, each with an approximate area of 279 to 339 square metres.&nbsp; Designed to stand out and reflect a higher standard of constructional excellence, the housing units will be extremely sought after, especially with a price tag of around $183,966 (SAR690,000) that is paired with flexible payment plan options and monthly installment options.&nbsp; Situated in the Aziziyah neighbourhood, the project will be very accessible for maximum convenience and connectivity.&nbsp; It will also have over 54% of its area dedicated to green spaces and a wide selection of sites for commercial, educational, retail and entertainment services which will be fantastic for local, regional and international investors.
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<h2>Sakani Housing Program Projects</h2>
Park View in Al Khobar isn’t the only success story of the Sakani Housing Program.&nbsp; As part of their work in the Eastern Province, other finished real estate projects include ‘Nasaj Town, with 674 housing units, the Saraya Al Gharoub initiative, with 116 homes, the Mada Oasis project, which will serve 282 families and the Al-Bayraq Villas settlements in Al-Mubarraz, which have 178 units’. The eastern region is set to have around 34 Sakani Housing Program projects which will ultimate provide more than 22,000 new homes, with 144,000 new houses estimated to be built under the umbrella of 101 further Sakani Housing Program projects throughout the Kingdom.&nbsp; &nbsp;&nbsp;
If you would like to find out more about Sakani residential projects, Al Khobar, KSA mega projects, luxury property in Saudi Arabia or other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.{{ include_custom_fonts({"__BentonSans_2d01b9":["Light","Regular"],"FreightBig":["Regular"]}) }}

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The Sakani Housing Program is a real estate initiative launched in 2017 by the Ministry of Housing and the Real Estate Development Fund to support Saudi citizens in owning their first home.&nbsp; The idea was to create new housing stock and real estate units, allocate plots and homes to nationals and assist with financing their purchase.&nbsp; The overall goal of the program is to reach 70% home ownership by 2030.&nbsp; Recently, the Sakani Housing Program has successfully launched a series of projects in key areas of Saudi Arabia including the up and coming city of Al Khobar, so we wanted to take a closer look at this altruistic real estate project and what impact it is having.&nbsp; &nbsp;
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The King Salman Energy Park

The game-changing King Salman Energy Park is a fully integrated industrial eco-system.  It will be the leading gateway for the region’s energy sector, transforming the way we connect with power and providing a ‘complete spectrum of solutions to support business growth in the Kingdom’.  This is a visionary development project designed to ignite a new attitude to energy policy and set the standard for future opportunities domestically, regionally and internationally.  We take a look inside this exciting new project and what it will contribute to the legacy of Saudi Arabia.

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&nbsp;An Overview 
 
Spanning an area of 50 sq. km. the King Salman Energy Park will encourage clean and sustainable energy production and help to diversify the nation’s revenues.&nbsp; Strategically situated in the Eastern Province, SPARK (The King Salman Energy Park) will offer a world class infrastructure for global investors in the fields of oil and gas, refining, petrochemicals, energy and water production and water treatment.&nbsp; It is also the first and only industrial city in the world to receive a silver Leadership in Energy and Environmental Design (LEED) certification.&nbsp; SPARK will have three distinct phases including a 3 sq. km. logistics zone and dry port.&nbsp; The project also aims to contribute a SAR 22.5 billion total increase per annum to the national GDP by 2035 and 100,000 direct and indirect new jobs. &nbsp; According to the plans on the Vision 2030 site, the primary objectives of the King Salman Energy Park are: 
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 <li>Diversifying the Kingdom’s sources of revenue.</li> 
 <li>Improving the security and cost of supply chains for major energy companies in the Kingdom.</li> 
 <li>Improving the Kingdom’s trade balance.</li> 
 <li>Supporting new sectors that contribute to energy transition and digitalization.</li> 
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A World Class Eco-System in the Heart of the Energy Market 
Since SPARK is positioned in Saudi Arabia’s Eastern Province, renowned for its resources and high demand for energy goods and services, it ‘stands at the epicenter of the global energy market’.&nbsp; From this strategic location, energy sector players will enjoy “unparalleled access to growth opportunities, supply chain efficiencies, and world-class support services”. &nbsp; It is a highly connected and accessible base from which tenants, residents, and investors will be able to choose between pre-built facilities and ready-to-build land as well as rely on the world-class ICT system and utility infrastructure, ensuring that they can hit the ground running in a flexible environment ‘designed to enable and sustain investor growth’. 
If you would like to find out more about the King Salman Energy Park, mega projects, luxury property in Saudi Arabia, or other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.{{ include_custom_fonts({"__BentonSans_2d01b9":["Light","Regular"]}) }}

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&nbsp;An Overview

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