Arada launches Arada KSA to spearhead expansion into Saudi Arabia, backed by SAR50bn land bank across the Kingdom 

• New entity established by Arada and XTOPIA, with Mohammed AlDhabaan appointed Chairman 
• New company has access to a 10m square metre land bank valued at SAR50 billion, spanning key strategic locations 
• First project is a SAR14bn residential master plan in north-east Riyadh 

Riyadh, Kingdom of Saudi Arabia: Arada, one of the world’s fastest-growing master developers, has announced the establishment of Arada KSA, a new real estate development company that will be responsible for delivering large-scale communities across the Kingdom of Saudi Arabia. The new entity has been founded in strategic partnership with XTOPIA, a community and lifestyle company developing integrated mixed-use destinations across the region. 

Mohammed AlDhabaan, Chairman of XTOPIA, has been appointed Chairman of Arada KSA, reflecting the significance of the local partnership at the heart of the new company’s foundation. Arada KSA has access to a significant 10 million square metre land bank across Saudi Arabia with a collective value of SAR50 billion, spanning key strategic locations including Riyadh, Jeddah and Makkah.  

The entry into Saudi Arabia is the latest step in Arada’s rapid global expansion. The company now has a project pipeline valued at SAR189 billion ($50 billion) across five markets, with a portfolio of more than 70,000 homes spanning the United Kingdom, Syria, Australia, the UAE and — with this announcement — the Kingdom of Saudi Arabia. In total, Arada has completed 17,000 homes.  

Mohammed AlDhabaan, Chairman of Arada KSA, said: “The establishment of Arada KSA marks a significant step forward for the development of world-class communities in the Kingdom. Our land bank, which features key strategic locations across the Kingdom, positions Arada KSA as a platform with genuine national scale and reach. Saudi Arabia’s residential market has never offered more compelling long-term fundamentals, and the combination of Arada’s global track record in community building with XTOPIA’s deep local expertise creates a platform with real long-term potential for the Kingdom.” 

Arada KSA’s first project is a SAR14 billion residential master plan in the Al Rimal District of north-eastern Riyadh, which is one of the largest private real estate projects to be announced in the Saudi capital in recent years. Working in close partnership with the relevant government authorities, Arada KSA will develop a master plan for the site that is fully aligned with Saudi Arabia’s housing vision and national development priorities. 

The development will be delivered on a plot of approximately 2.5 million square metres and will comprise an estimated 3,500 villas and townhouses surrounded by 100,000 trees, with world-class amenities including a school, retail, a community centre and sporting facilities. 

The Al Rimal project will be funded through a Capital Market Authority-regulated investment structure managed by a licensed financial company. Onsite construction and sales of the project are both scheduled to commence in 2027.  

The project supports the objectives of the Quality of Life Programme, one of the Vision 2030 realisation programmes, which aims to establish Saudi cities among the most liveable in the world. In Riyadh, that ambition is being advanced by the Royal Commission for Riyadh City through the Green Riyadh programme, which will plant 7.5 million trees across the capital and raise the per capita share of green space from 1.7 square metres to 28 square metres by 2030.