Riyadh's real estate market is undergoing profound transformation, driven by strategic shifts and Vision 2030 acceleration buoyed by the $22 billion metro; the 2.7 GW data centre pipeline and the $100 billion construction market, according to leading property expert JLL.
The Riyadh region saw strong winter tourism, attracting over 15.1 million domestic and international visitors by Q3 2025. According to the Ministry of Tourism, total tourist spending reached around SAR 33 billion ($8.9 billion), reflecting significant economic impact from both local and foreign travellers.
EHAF Consulting Engineers has announced that it has been appointed as the project, programme and construction management (PMCM) services consultant for a premium residential community - Raseen - in Riyadh. The project is being developed by leading Saudi master developer AlOula.
Residential sales values in Riyadh hit SAR17.6 billion ($4.69 billion) in Q3 as the city prepares to deliver 57,000 new units in 2026-27, said a report. Property purchases across key cities will rise further in 2026 as new foreign ownership law takes effect.
New Murabba, a unit of Saudi wealth fund PIF, has signed a strategic agreement with the Ministry of Municipalities and Housing to jointly work on streamlining development processes, implementation of smart city standards as well as enhancing the quality of life for residents.
Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, launched a trip along the Northern Trail from Riyadh to Hail as part of the Saudi Winter programme, which aims to showcase the Kingdom’s tourism diversity.
Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh.
Saudi Water Partnership Company (SWPC) has announced that more than 60 leading developers have prequalifed for the second edition of its upcoming Independent Water Projects (IWP) and Independent Sewage Treatment Plant (ISTP) projects in the kingdom.
Royal Commission for Jubail and Yanbu said one of its key units Rqeem has signed an agreement with Torry Harris Business Solutions to launch an AI-powered digital marketplace that will accelerate industrial transformation and attract new investment to Saudi Arabia.
Saudi-based Taiba Investments has announced that one of its key subsidiaries, Smart Hotel Zone Company, had signed up Al Saad Contracting Company for the construction of a 159-key hotel project within the STC Square mixed-use development in Riyadh.
