Riyadh builds the world’s largest urban park

21 September 2023

 

Tucked away from view behind site hoarding in the centre of Riyadh, work is progressing on a project that will transform the heart of the Saudi capital by creating the world’s largest urban park.

The King Salman Park project will cover an area of 16.7 square kilometres, and more than 70 per cent of that space will be green areas.

“The unique aspect of our project when you compare it to others is the amount of green space it will have,” says George Tanasijevich, CEO of King Salman Park Foundation.

“Other projects will have hotel rooms and residential units, but none will have the amount of green space that King Salman Park will have. It will be substantial by global standards.”

The scale of the project becomes apparent when considering public parks in other major cities. It is five times the area of New York’s Central Park, six times the size of London’s Hyde Park, and 16 times larger than Singapore’s Gardens by the Bay.

The aim of King Salman Park is to give residents of Riyadh access to a world-class park on their doorstep – the park is connected to several main roads and linked to the Riyadh Metro and the city’s bus station.

“People today have to travel to experience green spaces, so we are bringing something here that will allow them the convenience of being at home and experiencing the lifestyle benefits of green space,” says Tanasijevich.


Land at the King Salman Park site has been contoured to create hills


While much of the focus of Saudi Arabia’s Vision 2030 is on economic transformation, it also includes targets aimed at improving the quality of life for people in the kingdom.

“There is an economic aspect to what we are doing,” says Tanasijevich. “The primary highlight of our contribution [to Vision 2030] is more focused on lifestyle. It is not just being able to spend time in green spaces, but also all the sports facilities that will encourage younger people to become more interested in sports and athletics.”

Project progress

Launched in March 2019, there has been significant progress on the construction of the project. Much of the land has been shaped and contoured to create hills that will break up Riyadh’s typically flat topography.

Work is also advancing on infrastructure and buildings, including the Royal Arts Complex and a visitor centre.

“What we are trying to do is put together components that work together as a standalone project that are self-sustaining. We do not want people to visit and feel something is missing,” says Tanasijevich. 

“We are going to have enough variety and elements in there that even when we open phase one, people are going to embrace it and find a multitude of ways to experience it.”

As construction advances, the project took a major step forward on the first day of the Cityscape Global exhibition, which was held in Riyadh on 10-13 September. There, the King Salman Park Real Estate Development Fund was launched, with the aim of developing the first real estate investment plot within the site.

The fund will bring in fresh financing for a SR4bn ($1.1bn) mixed-use project that will have more than 1,500 residential units together with offices, retail outlets, hotels, schools and other public amenities on a 290,000 square-metre site.

Saudi Fransi Capital is the fund manager and King Salman Park Investment & Real Estate Development Company is the master developer. Naif al-Rajhi Investment Company is the real estate developer and master lessee of the entire project.

Images: King Salman Park Foundation

https://image.digitalinsightresearch.in/uploads/NewsArticle/11159877/main.gif
Colin Foreman
Related Articles
  • Saudi housing entity awards infrastructure contract

    24 November 2025

     

    Saudi Arabia’s National Housing Company (NHC) has awarded Riyadh-based Alomaier Trading & Contracting Company a contract to carry out infrastructure works at its Khuzam residential development in Riyadh.

    The scope of work covers all infrastructure works across an area of 4,000,000 square metres (sq m) in stage three, phase three of the Khuzam residential project.

    Construction works have started, and the project is expected to be completed in 2028.

    NHC’s Khuzam project is located to the north of Riyadh, near King Khalid International airport and the Expo 2030 site.

    The development will offer more than 50,000 residential units and will include parks, commercial areas and other associated amenities.

    It will also feature a grand park spanning an area of more than 4.5 million sq m.

    MEED reported in 2020 that Riyadh planned to oversee the development of more than 1 million homes by 2025 to meet growing demand in the kingdom.

    By 2030, the Saudi capital aims to more than double its population, from 7-8 million to 15-20 million, and become one of the 10 wealthiest cities in the world.

    Alomaier Trading & Contracting is undertaking some major infrastructural development projects across the kingdom.

    In 2023, MEED reported that Saudi Arabia’s National Water Company had awarded a contract worth SR371m ($99m) to Alomaier Trading & Contracting. It covers the construction of a sewage network in Dammam’s King Fahd suburb and adjacent areas.

    The contract also involves the construction of regression lines with diameters of up to 700 millimetres (mm) and a total length of 300 kilometres (km), as well as five ejection lines with diameters of up to 500mm and a total length of 15km, according to data obtained from the regional projects tracker MEED Projects.

    The firm specialises in the construction of roads, railways and other infrastructural development works.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15141143/main.jpeg
    Yasir Iqbal
  • Saudi utility firm awards water transmission contract

    24 November 2025

    Saudi Arabia’s state-owned utility National Water Company (NWC) has awarded a contract for the operation and maintenance of water distribution networks to local firm International Water Distribution Company (Tawzea).

    The project comprises the operation and maintenance of water transmission pipelines in Medina province, Sisco Holding announced.

    Sisco Holding, also known as Saudi Industrial Services Company, holds a 50% stake in Tawzea. The other 50% stake is owned by Amiantit Water, a subsidiary of Saudi Arabian Amiantit Company.

    The contract is valued at SR133.4m ($35.6m) and has a duration of 36 months.

    It covers main and secondary pipelines, reservoirs, pumping stations, valves and all related components of the water distribution system.

    NWC has also been advancing major sewer network expansion plans in Hafar Al-Batin and Al-Qaisomah.

    The utility recently awarded local firm Alkhorayef Water & Power Technologies (AWPT) a contract to deliver the next phase of this project.

    The phase four (part two) package involves constructing about 184 kilometres of sanitary sewer pipeline.

    As of September, NWC had awarded $337m-worth of contracts. This includes a separate contract awarded to AWPT in August for a sewage network scheme in Al-Kharj governorate.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15140733/main.jpg
    Mark Dowdall
  • Larsen & Toubro climbs EPC contractor ranking

    24 November 2025

     

    The oil, gas and petrochemical engineering, procurement and construction (EPC) sector in the Middle East and North Africa (Mena) has enjoyed another strong year in historical terms.

    This remains true even though the total value of awards in 2025 – $62.5bn as of the first week of November – looks set to fall short of the record highs of $86bn in 2023 and $95bn in 2024. The level of market activity nevertheless remains well above the long-term average of $46bn and the 10-year average of $50bn.

    Looking beyond the top line, the most notable trend of the year is the outsized success of India’s Larsen & Toubro (L&T) in securing many of the largest recent schemes in Saudi Arabia and Qatar. 

    Chinese contractors have also made steady progress in increasing their market share. Some industry stalwarts, by contrast, have seen considerably less success.

    While some of this can be attributed to the cyclical nature of tendering and more selective bidding by established players with already large order books, MEED’s ranking of total execution values bears out the broader trends.

    L&T’s dramatic surge

    The most dramatic shift in the EPC landscape over the past 12 months (Q4 2024-Q3 2025) has been a $12.7bn surge in awards secured by L&T. This rapid expansion of its value of work under execution to $25.4bn has brought the company to within one place of the top of MEED’s EPC contractor rankings – falling just shy of the $26.9bn currently being executed by Italy’s Saipem.

    L&T’s recent successes include the March win of the $4bn combined package 4A and 4B (Comp4) of QatarEnergy LNG’s North Field Production Sustainability programme – the largest project awarded during the period. L&T also won the $2.5bn fifth natural gas liquids train (NGL-5) project from QatarEnergy, and four separate contracts worth more than $1bn each with Saudi Aramco.

    These wins built on an already burgeoning order book – one that also includes the $3.6bn phase 2: package 1 of the Jafurah gas treatment facility, awarded by Aramco in September 2023.

    L&T’s rise has also been helped by relative inactivity among other top firms. Both Saipem and Italy’s Maire Tecnimont achieved prominent ranking positions a year earlier after securing, respectively, the $8.2bn offshore and $8.7bn onshore packages of Adnoc’s Hail and Ghasha programme in October 2023. Those awards, together with other contracts, saw the two Italian firms secure roughly $12bn in awards each in a single 12‑month stretch, catapulting them up the ranking.

    However, neither company has added significantly to their pools of work over the past 12 months, in sharp contrast with L&T, which has seized momentum in the regional contracting landscape. So far, L&T has displaced Maire Tecnimont to reach second place regionally; another year of even marginally comparable momentum should put it at the top.

    Also notable is the gap between L&T’s total awards over the past 12 months and those of its nearest competitors. L&T’s $12.7bn in wins rivals the combined value of the next three largest EPC contractors. As a share of an estimated $70bn in total awards across the sector over the same period, L&T secured about 18% of the work.

    The previous year, Saipem and Maire Tecnimont each secured closer to 12% of awards. This underlines L&T’s considerable momentum both in terms of its order book and market share growth.

    Chinese push

    Two other significant winners over the past 12 months are China Petroleum Engineering & Construction Corporation (CPECC) and China Offshore Oil Engineering Company (COOEC), which secured $5bn and $4.3bn-worth of awards, respectively.

    These contracts wins have moved the two Chinese firms up into the top 20 EPC contractors. CPECC’s success is largely attributable to the niche it has developed in Iraq and Algeria, where about $4.4bn of its awards were won – led by a $1.6bn contract to deliver the central gas complex for Basra Oil Company’s Artawi development.

    COOEC’s recent wins have been concentrated in the GCC, specifically on phases one and two of QatarEnergy’s Bul Hanine offshore oil field expansion, which are worth a combined $4bn.

    The US’ McDermott and Spain’s Tecnicas Reunidas – two long-term regional players – recorded the next strongest order-book additions, securing about $3.8bn and $3.4bn, respectively. McDermott’s new work includes the $2bn phase two of Adnoc Offshore’s Umm Shaif long‑term development plan and a $1.8bn contract to lay offshore pipelines and subsea power cables for QatarEnergy LNG’s North Field South programme.

    The next five biggest bookers over the period were South Korea’s Samsung C&T and Samsung E&A, the UAE’s Lamprell and Target Engineering, and Qatar’s Doha Petroleum Construction Company (DOPET) – each securing more than $2bn.

    Samsung C&T’s top award was for QatarEnergy’s $2.5bn carbon sequestration complex; Samsung E&A’s was for Taziz Chemicals’ $1.7bn methanol plant in phase one of its industrial chemicals zone.

    Lamprell secured five separate contracts from Saudi Aramco, the largest a $1.5bn award for offshore infrastructure on the Zuluf development.

    Target secured three UAE contracts, led by a $1.5bn award from Adnoc Offshore for phase five of its Das Island terminal facilities (part of the Lower Zakum long‑term development).

    DOPET secured two contracts from QatarEnergy, led by a $2bn award for phase three of the Bul Hanine offshore oil field expansion.

    Across the activity, it remains conspicuous how rapidly values fall away from the top winners and how concentrated the recent awards are with L&T. While the contraction in total award value may partly explain this dynamic, the broader trend is clear: the concentration of work with L&T makes it the company to watch in regional bidding rounds in the year ahead.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15140734/main.gif
    John Bambridge
  • Chinese firm signs deal for Algerian steel project

    24 November 2025

    China’s Sinomach Heavy Equipment has signed a contract to develop a steel rolling facility in Algeria.

    The project will be executed by its subsidiary, China National Heavy Machinery Corporation (CNHMC).

    The turnkey contract includes planning, design, equipment supply, construction, installation and commissioning.

    The scope of the project includes:

    • A rolling mill production line
    • Auxiliary facilities
    • Steel structure workshops

    In a statement, CNHMC said: “The signing of this contract marks a new stage in the company's market expansion in the African metallurgical sector.

    “CNHMC will fully leverage its technological and management advantages in the metallurgical field, strictly control the project's quality and schedule, and strive to complete and deliver the project on schedule with high quality and high standards, making it a benchmark project in the Algerian market.”

    The company said it will use its regional headquarters in Turkiye to ramp up its activities in the Algerian market and other neighbouring countries.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15139865/main3657.jpg
    Wil Crisp
  • Contractors submit Riyadh Expo infrastructure bids

    24 November 2025

     

    Register for MEED’s 14-day trial access 

    Saudi Arabia’s Expo 2030 Riyadh Company (ERC), which is tasked with delivering the Expo 2030 Riyadh venue, received commercial bids from contractors on 23 November for the tender to undertake the initial infrastructure works at the site.

    The tender for the project’s initial infrastructure works was issued in September, MEED previously reported.

    In October, MEED revealed that 16 firms had been invited to bid for the contract to undertake the initial infrastructure works at the Expo 2030 Riyadh site.

    The firms invited to bid include:

    • Shibh Al-Jazira Contracting (local)
    • Hassan Allam Construction (Egypt)
    • El-Seif Engineering Contracting (local)
    • Al-Ayuni Investment & Contracting (local)
    • Kolin Construction (Turkiye)
    • Al-Yamama Trading & Contracting Company (local)
    • Saudi Pan Kingdom (local)
    • Unimac (local)
    • Mapa Insaat (Turkiye)
    • Yuksel Insaat (Turkiye)
    • IC Ictas / Al-Rashid Trading & Contracting (Turkiye/local)
    • Mota-Engil / Albawani (Portugal/local)
    • Almabani / FCC Construction (local/Spain)

    The overall infrastructure works – covering the construction of the main utilities and civil works at Expo 2030 Riyadh – will be split into three packages:

    • Lot 1 covers the main utilities corridor
    • Lot 2 includes the northern cluster of the nature corridor
    • Lot 3 comprises the southern cluster of the nature corridor

    In July, US-based engineering firm Bechtel Corporation announced it had won the project management consultancy deal for the delivery of the Expo 2030 Riyadh masterplan construction works.

    The masterplan encompasses an area of 6 square kilometres, making it one of the largest sites designated for a World Expo event. Situated to the north of the Saudi capital, the site will be located near the future King Salman International airport, providing direct access to various landmarks within Riyadh.

    Countries participating in Expo 2030 Riyadh will have the option to construct permanent pavilions. This initiative is expected to create opportunities for business and investment growth in the region.

    The expo is forecast to attract more than 40 million visitors.

    The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth vehicle, launched ERC in June as a wholly owned subsidiary to build and operate facilities for Expo 2030.

    In a statement, the PIF said: “During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute around $64bn to Saudi GDP and generate approximately 171,000 direct and indirect jobs. Once operational, it is expected to contribute approximately $5.6bn to GDP.”

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15140538/main.jpg
    Yasir Iqbal