A major investment milestone has been reached for King Salman Park in Riyadh, Saudi Arabia, with approximately $3.8 billion (nearly $4 billion) allocated to develop two new large-scale projects within the park’s master plan.
The investment will support residential and hospitality developments, reinforcing the park’s role as one of the world’s largest urban park projects and a key component of Riyadh’s long-term urban transformation strategy.
Major Urban Park Development in Riyadh
Currently under development, King Salman Park is expected to be fully completed by 2030. Once finished, the project will significantly expand green space in Riyadh while introducing mixed-use developments designed to enhance urban life.
The latest investment package includes two schemes valued at approximately $3.8 billion, focused on creating a combination of:
- Residential communities
- Hospitality facilities
- Supporting leisure and lifestyle infrastructure
These developments are expected to strengthen the park’s position as a major cultural, tourism and residential destination within the Saudi capital.
Residential and Hospitality Components
The two planned projects will introduce high-quality residential properties and hospitality venues designed to integrate with the park’s landscape and recreational amenities.
Key objectives of the developments include:
- Expanding housing options in central Riyadh
- Supporting the city’s growing tourism and hospitality sector
- Enhancing the lifestyle offering around King Salman Park
- Attracting both local residents and international visitors
The developments will form part of a broader master plan that integrates green spaces, cultural venues, sports facilities and entertainment areas.
Completion Target Set for 2030
The two investment schemes are scheduled to be delivered in line with the overall timeline of King Salman Park, which is targeted for completion by 2030.
When finished, the project is expected to become one of the largest urban parks in the world, playing a central role in Riyadh’s urban transformation and improving quality of life through expanded green spaces, leisure facilities and mixed-use development.
The King Salman Park investment projects represent a significant step toward transforming the area into a major urban destination combining nature, residential living and hospitality experiences in the heart of Riyadh.
