The King Salman Park Foundation in Saudi Arabia announced the launch of the fourth and fifth investment packages within its SAR 14.2 billion development plan, which includes residential, hospitality, and commercial office projects.
The fourth package includes an investment fund valued at SAR 3.2 billion and a mixed-use development led by Retal Urban Development Company. The project will be managed by Alawwal Investment Company and will feature 600 residential units, more than 140 hotel rooms, and approximately 50,000 square meters allocated for schools and commercial spaces.
The fifth package involves the launch of a new investment fund in partnership with Gulaghasi to develop a mixed-use urban district within the park. The project will be supported by a financial fund managed by Mulkia Investment Company, with a value exceeding SAR 11 billion.
The foundation plans to develop a large-scale residential district covering 400,000 square meters, which will include around 3,700 residential units, 300 hotel units, and more than 100,000 square meters of office space. To date, the total investments in the project have exceeded SAR 20 billion as part of the announced development packages.
