RIYADH: Jeddah Municipality announced 29 new real estate investment projects, totaling over 1.4 million square meters, aimed at commercial, industrial, residential, and recreational sectors. The program has 13 commercial projects, which includes the construction and management of retail shops and commercial complexes in various regions. Furthermore, two key container projects are planned – an integrated container city covering 846,684 sq. meters and a second container park spanning 429,223 sq. meters.
Additional developments include a 145,472-sq.-meter barley milling and package facility, eight residential compounds for workers and eight public parks with kindergartens and retail outlets. A food truck zone has been developed in South Obhur, as part of the municipal incubator program, along with a new health college project in the education sector.
These projects are strategically set up to meet neighbourhood needs and promote collaboration between various activities. The municipality is asking the investors to submit their proposals through the Furas Saudi investment portal, the submissions will remain open from May 1 until July 8. The Furas portal will improve investor access and represent a consistent approach to municipal investments.
This announcement is similar to the investment opportunities launched lately in Riyadh, which indicates a nationwide push to diversify Saudi Arabia’s economy and increase urban livability. Riyadh’s investment portfolio of 2025 consists of 20 new projects totaling 175,000 sq. meters, primarily in commercial, industrial, and leisure spaces, with contracts spanning from 5 to 25 years. Key districts have been prioritized for balanced growth and the city has increased its green infrastructure by including 87 parks since 2022, reaching more than 745,000 sq. meters of green space.
These parallel projects indicate Saudi cities’ dedication to sustainable urbanization, economic diversification and an enhanced quality of life, supporting the kingdom’s Vision 2030 strategy.
