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
Exclusive from Meed
-
UAE 2025 country profile and databank
3 January 2025
-
Saudi Arabia 2025 country profile and databank
2 January 2025
-
Tunisia 2025 country profile and databank
2 January 2025
-
Qatar 2025 country profile and databank
31 December 2024
-
Jordan 2025 country profile and databank
30 December 2024
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
UAE 2025 country profile and databank
3 January 2025
https://image.digitalinsightresearch.in/uploads/NewsArticle/13175290/main.jpeg -
Saudi Arabia 2025 country profile and databank
2 January 2025
https://image.digitalinsightresearch.in/uploads/NewsArticle/13175271/main.gif -
Tunisia 2025 country profile and databank
2 January 2025
https://image.digitalinsightresearch.in/uploads/NewsArticle/13175280/main.gif -
Qatar 2025 country profile and databank
31 December 2024
https://image.digitalinsightresearch.in/uploads/NewsArticle/13175251/main.gif -
Jordan 2025 country profile and databank
30 December 2024
https://image.digitalinsightresearch.in/uploads/NewsArticle/13175149/main.gif