King Salman Park investment tracker
The plan calls for thousands of homes and hotel rooms. This tracker follows each announced investment package, how much of the plan it covers, and what has not yet been announced.
How much of the plan is covered?
Coloured parts are announced packages. The hatched part is what has not yet been announced.
- Package 1: District One: 150
- Ajdan / SEDCO Capital mixed-use fund: 600
- Package 4: Retal / SAB Invest: 600
- Package 5: Kolaghassi / Mulkia: 3,700
- Package 1: District One: 250
- Ajdan / SEDCO Capital mixed-use fund: 200
- Package 4: Retal / SAB Invest: 140
- Package 5: Kolaghassi / Mulkia: 300
Announced investment packages
We only number a package when the source does. Open any package for its details and sources.
Package 1: District One
Package 1 was the park's first private real estate investment: a SAR4bn fund for a parcel of more than 290,000 m² in District One, managed by Saudi Fransi Capital with Naif Alrajhi Investment as developer and …
- Homes
- 150
- Hotel keys
- 250
- Value
- SAR 4bn
Ajdan / SEDCO Capital mixed-use fund
This fund, announced on 17 to 18 November 2025, brings Ajdan and SEDCO Capital to a 106,000 m² site beside the Royal Arts Complex. It plans more than 600 homes, more than 200 hotel rooms and …
- Homes
- 600
- Hotel keys
- 200
- Office (sqm)
- 45,000
- Value
- SAR 3.8bn
Package 4: Retal / SAB Invest
Package 4 is a mixed-use, residential-led project in the Cultural District led by Retal Urban Development with Asasat (Saudi Arabia) and Bareeq Al-Retaj (Bahrain), through a fund managed by SAB Invest. It is valued at SAR3.2bn …
- Homes
- 600
- Hotel keys
- 140
- Office (sqm)
- 50,000
- Value
- SAR 3.2bn
Package 5: Kolaghassi / Mulkia
Package 5 is the biggest named private deal: a residential-led district beside the King Salman Park metro station, led by Kolaghassi with Al Othaim Investment and RXR of New York, through a Capital Market Authority-regulated fund …
- Homes
- 3,700
- Hotel keys
- 300
- Office (sqm)
- 100,000
- Value
- SAR 11bn
How big is the investment?
Published money figures cover different scopes. We show them side by side with what each one measures.
| Package 1 fund |
SAR 4 billion (about $1.1bn)
Al EqtisadiahSep 2023Eye of Riyadh / SPASep 2023
Size of the real estate development fund for the first land parcel, announced September 2023. A fund size, not a construction cost. · as of Sep 2023
SAR 3.2 billion (about $850m) MEEDArab NewsKirkland & Ellis
Value of the Retal-led project as reported in March 2026 and September 2026. · Mar 2026
More than SAR 11 billion (about $3bn) Al WatanArab NewsPRNewswire / KSPF
Value of the Kolaghassi-led development as announced at MIPIM, March 2026. · Mar 2026
|
|---|---|
| Public realm budget |
About SAR 50 billion ($13.3bn)
MEEDSep 2026MEEDSep 2026
The part the Foundation is building itself: parks, infrastructure and cultural shells, as reported by MEED on 30 September 2026. MEED's 28 September headline attached the same SAR50bn ($13.3bn) to private assets; the 30 September text is more detailed, so we follow it. · as of Sep 2026
Medium confidence
Why figures differ →
|
| Private assets planned |
About SAR 150 billion
MEEDSep 2026
Total private development the Foundation plans, as MEED reported on 30 September 2026 from the acting CEO. It is a long-run plan, not money committed. · as of Sep 2026
$13 billion (about SAR 50 billion) MEEDConstruction Review Onl…
The 'private investment' headline of 28 September 2026 from MEED and Construction Review. Because MEED's 30 September text places SAR50bn in the public realm, this may be a near-term target or a labelling difference. · Sep 2026
Medium confidence
Why figures differ →
|
| Private assets awarded |
About SAR 20 billion (13.3% of the plan)
MEEDSep 2026
Value of private assets awarded to date, per MEED on 30 September 2026. 20 out of 150 is 13.3%, which is our arithmetic. · as of Sep 2026
More than SAR 20 billion ($5.3bn) Al WatanArab News
Total investment committed across five major packages, announced at MIPIM in March 2026 (including $3.8bn new). The same size as the September 'awarded' figure, described as 'committed'. · Mar 2026
Medium confidence
Why figures differ →
|
What does King Salman Park cost?
We lead with the Foundation's own $25bn headline, flagged as unitemised, and show every other figure with its scope and date. The public realm (about SAR50bn) and the private plan (about SAR150bn) have their own entries.
Why figures differ →How much private money is involved?
We show SAR150bn planned and about SAR20bn awarded (MEED, 30 September), and keep the $13bn private wording as a separate, low-confidence entry. The public realm figure is shown as SAR50bn.
Why figures differ →When was Package 4 awarded?
We show 10 March 2026 as the announcement date and note November 2025 as an earlier reported award, with both sources.
Why figures differ →Contracts announced in public
Most contract values are not published. We list only those that are, each with its source.
| Organisation | Asset | Role | Value (SAR) | Sources |
|---|---|---|---|---|
| Modern Building Leaders (MBL) | Royal Arts Complex | Main contractor; contract reported by MEED at about SAR 7.5bn (about $2bn) | 7,500,000,000 | MEED |
| Freyssinet Saudi Arabia | Phase 2 infrastructure | JV leader; total Phase 2 contract SAR 3.2bn, 30 months | 3,200,000,000 | Freyssinet Saudi Arabia |
| Haif Company | Phase 2 infrastructure | JV partner; MEED reports a $480m (about SAR 1.8bn) portion | 1,800,000,000 | MEEDHaif Company |
| Freyssinet Saudi Arabia | Grand Mosque | Contractor; package of SAR 1,253,801,073 (Grand Mosque, Arabian Garden, parking and more), started 20 Oct 2024 for 22 months | 1,253,801,073 | Freyssinet Saudi Arabia |
| Freyssinet Saudi Arabia | Phase 1 site-wide infrastructure | JV member; Freyssinet's share SAR 1,017,692,889 (52%) of a package totalling SAR 1,967,692,689 | 1,017,692,889 | Freyssinet Saudi Arabia |
Investment milestones
23 expressions of interest in private assets
MEED reported 23 developer expressions of interest. One private package is on site, one is near award and three are in design.
MEEDSep 2026MEEDSep 2026MIPIM 2026: Packages 4 and 5 announced, over USD 3.8bn of new commitments
Package 5 is led by Kolaghassi (SAR 11bn, about 3,700 homes). Package 4 is led by Retal (SAR 3.2bn, 600+ homes). The Foundation counts over SAR 20bn across five packages. Reports differ on whether the Retal award was completed in November 2025 or March 2026.
Arab NewsMar 2026PRNewswire / KSPFMar 2026Saudi Gulf ProjectsMar 2026Ajdan and SEDCO Capital launch a USD 1bn mixed-use fund
The SAR 3.8bn fund covers 106,000 square metres on Oruba Road beside the Royal Arts Complex, with 600+ homes and 45,000 square metres of offices. The National reported it on 17 November and AGBI on 18 November.
The NationalNov 2025AGBINov 2025Accor and Naif Alrajhi sign the first TRIBE hotel in Saudi Arabia
The Package 1 hotel will have 250 rooms, with TRIBE Living adding 150 apartments. It was announced on 23 December 2024 and is the first TRIBE in the Middle East.
AccorDec 2024Hospitality Net / AccorDec 2024Park valued at USD 9.4bn by Knight Frank
AGBI reported a July 2024 Knight Frank valuation of USD 9.4bn. It is a valuation of the development, not a construction cost.
AGBINov 2025Saudi Tabreed signs a 25-year district cooling agreement
The Foundation signed a 25-year build-own-operate-transfer agreement for 60,000 refrigeration tonnes, with 20,000 allocated to the first phase.
Saudi Press AgencySep 2023First real estate fund: SAR 4bn for District One
The Foundation, Naif Alrajhi Investment and Saudi Fransi Capital launched a SAR 4bn fund for the first private parcel, over 290,000 square metres. This became Package 1.
Al EqtisadiahSep 2023Eye of Riyadh / SPASep 2023