Lucid Group, the makers of the world’s most advanced electric vehicles, has announced the opening of its new Lucid Studio at Al Khobar in a landmark expansion, thus completing a three-city network across Riyadh, Jeddah and the Eastern Province.
Rising demand for prime, ESG-compliant office space among regional and global businesses is driving rents and occupancy levels to near-record highs across key markets in the GCC, with Saudi Arabia leading rental growth at 15.1% in Q3 2025, said an expert.
Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed up Tashyeed Hayat Contracting Company for carrying out construction work on several of its prime projects across capital Riyadh.
Saudi-based Alramz Real Estate has announced that it has signed an agreement to establish a SAR2.5 billion ($666 million) shariah-compliant real estate investment fund to develop its residential project - Rabwa Alramz - in Riyadh, with SNB Capital acting as the fund manager.
Six Flags Qiddiya City, a major new entertainment destination in Saudi Arabia, was officially opened on Monday evening under the patronage of Governor of Riyadh Region Prince Faisal bin Bandar bin Abdulaziz.
The Royal Commission for Riyadh City (RCRC) has announced Package 3 of the Riyadh Main and Ring Road Axes Development Programme, comprising six major projects with a total budget of over SAR8 billion ($2 billion). This package is scheduled for completion within 4 years.
RMJM, one of the leading culturally diverse architecture firms in the world, has unveiled the design for a new mixed-use development coming up in Al Qairawan, Riyadh. The architecture adopts a facade-driven approach informed by Salmani design principles.
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.
