- What it measures
- Size of the real estate development fund for the first land parcel, announced September 2023. A fund size, not a construction cost.
- Date
- Sep 2023
Why figures differ
When was Package 4 awarded?
November 2025 or 10 March 2026?
Awaiting confirmation
Updated 12 Nov 2026
The figures, side by side
What each source says
- What it measures
- Fund size at launch, November 2025.
- Date
- Nov 2025
- What it measures
- Value of the Retal-led project as reported in March 2026 and September 2026.
- Date
- Mar 2026
- What it measures
- Value of the Kolaghassi-led development as announced at MIPIM, March 2026.
- Date
- Mar 2026
Why the figures differ
Retal's disclosure dates the award to 10 March 2026, the day the Foundation announced the new packages at MIPIM, and Saudi Gulf Projects and Arab News follow that date. A separate press release carried by Zawya, noted in our research file, says the award was completed in November 2025, with agreements still to be signed. An award can be agreed before the legal agreements are finalised, so the two may describe two steps of the same deal.
What we show
We show 10 March 2026 as the announcement date and note November 2025 as an earlier reported award, with both sources.
What would resolve it
A statement from Retal or the Foundation saying when the award was agreed and when the agreements were signed.
More figures explained
How big is King Salman Park?
Why do sources give the park's area as anything from 16.6 to 17.2 km²?
What does King Salman Park cost?
Is it $23bn, SAR72bn, $10bn, $25bn or $9bn?
How much private money is involved?
Is private investment SAR50bn, SAR150bn or $13bn, and how much is awarded?
How many investment packages are there?
Five committed, or one awarded?
How tall is the Museum of World Cultures?
Is the museum building 106 m or 110 m?
How many seats does the National Theatre have?
Is it 2,300 or 2,500?