Saudi-based Ezdihar Real Estate Development has announced the launch of its iconic office and lifestyle project - Ezdihar Park - being set up within the King Saud University district at an investment of SAR1.1 billion ($293 million).
As Riyadh rises as a premier business hub in the Middle East, the unprecedented demand for high-quality office spaces is soaring. Ezdihar Park is strategically designed to address this demand, offering over 100,000 sq m of leasable office space complemented by 70,000 sqm of landscaped surroundings across 23 architecturally distinct buildings, said the developer.
With the Regional Headquarters Program drawing global companies to Riyadh, Ezdihar Park answers to the critical need for office space in a market that experiences rapid influx of businesses and investors, increased rental rates and a scarcity of available space.
Ezdihar Park provides a variety of premium, customizable office configurations including single buildings, full floors, and multi-building cluster- to meet the needs of diverse business tenants, it stated.
Giving a project update, Ezdihar Real Estate Development said following the completion of design phase, the excavation work has now begun, thus marking a significant step forward in the project’s development.
It design combines traditional Najdi and Salmani architectural with modern elements, creating an inspiring space with rooftop terraces, sky gardens, expansive lobbies, and high-tech amenities to serve both tenants and visitors.
The key lifestyle development will also feature retail and F&B pavilions, including international restaurants, fitness centers, wellness spaces, green areas, and shaded walkways, ensuring a comprehensive lifestyle offering.
According to Ezdihar, the project will debut at Cityscape Global in Riyadh, inviting visitors to explore its offerings.
A state-of-the-art office park development, it is set to redefine Riyadh’s commercial landscape, offering much-needed office space amid a period of record-high demand driven by Riyadh’s flourishing business climate, it stated.
Positioned strategically near major destinations such as U Walk and the King Abdullah Financial District (KAFD), Ezdihar Park is at the very centre of Riyadh, with easy access to primary transit routes and metro lines. The development is set to become a key commercial hub, attracting local and international businesses that seek proximity to Riyadh’s government and business districts, it added.
On the new project, CEO AbdulMohsen bin Fawaz AlHokair said: "The launch of Ezdihar Park on Prince Turki Al Awwal Road strengthens our commitment to delivering world-class, commercial environments that elevate Riyadh’s standing as a global business hub."
"We’re confident that Ezdihar Park will meet the rising demand for premium office spaces designed to support sustainable operations, providing companies with a dynamic environment that enhances productivity, collaboration, and overall quality of life," he stated.
"The project not only represents an opportunity for growth, but also highlights its strategic importance in attracting international businesses and investors to Saudi Arabia. We look forward to seeing the positive impact on Riyadh’s economy and its expanding business landscape," he added.-TradeArabia News Service
