RIYADH INVESTMENT PARK – RIYADH – SAUDI ARABIA
11 Million SQM Mix-Use Integrated Industrial City
While exploring opportunities in the Eastern and Western Provinces, DAR Dubai, a joint venture between Dubai Investments and RED House, has commenced operations in Saudi Arabia with the "Riyadh Investment Park." This ambitious 11 million square meter mixed-use integrated industrial city is strategically located in the eastern part of the Saudi capital, Riyadh, offering convenient access to King Abdulaziz Port in Dammam and King Khalid International Airport.
Launched in March 2015, Riyadh Investment Park is designed to mirror the success of Dubai Investments Park. Once completed, it will boast world-class infrastructure and outstanding amenities, including:
-
Light industrial units
-
Warehousing facilities
-
A central business district with showrooms, offices, and a business center
-
A business hotel
-
Labor accommodation
-
A technical school
-
Various other complementary amenities to serve the community.
The development of Riyadh Investment Park will proceed in two stages. The initial phase will encompass 5 million square meters, followed by the construction of an additional 6 million square meters in the second stage, with work anticipated to begin next year. The assessment and documentation procedures are expected to conclude within the coming months, and project partners have already initiated critical infrastructure work, including roads and utilities.
To facilitate this monumental project, Dubai Investments, through Dar Dubai Investments (in venture with RED House), has established a SAR 2 billion joint fund with Alinma Bank. This partnership, formed in 2015, underscores Dar Dubai Investments' commitment to managing and operating mega mixed-use real estate projects across Saudi Arabia.
Year : 2022
Client : Ripark Private Equity Fund
Project Name : Riyadh Investment Park
Location : Riyadh, Saudi Arabia