Business · Companies · 8 hrs ago
Arada and Extopia launch Saudi property developer with 50bn-riyal land portfolio
Arada and Extopia have launched a property developer called Arada Saudi to build large communities across Saudi Arabia.
The partnership combines Arada’s experience developing communities with Extopia’s knowledge of the local market.
The company can access 10 million square metres of land valued at 50 billion riyals, including sites in Riyadh, Jeddah and Mecca.
Its first project is a 14-billion-riyal housing development in Riyadh’s Al Rimal district, covering about 2.5 million square metres.
The plan includes around 3,500 villas and townhouses, a school, shops, sports facilities and 100,000 trees.
Sales and construction are due to begin in 2027, and the company says it will work with government bodies on the project’s master plan.
The development is intended to support Saudi housing and quality-of-life goals, including efforts to make cities greener.
Arada and Extopia have launched Arada Saudi Arabia, a property developer focused on large-scale communities across Saudi Arabia.
The partnership gives the company access to a land portfolio covering 10 million square metres and valued at 50 billion riyals.
Its first project is a 14 billion-riyal residential development in Riyadh’s Al Rimal district.
The project is planned to include about 3,500 villas and townhouses, a school, commercial facilities and other amenities.
Sales and construction work are scheduled to begin in 2027.
- Who
- Arada and Extopia launched Arada Saudi Arabia. Mohammad Al-Dabaan, Extopia’s chairman, was appointed chairman of the new company.
- What
- They established a property developer to build large-scale communities in Saudi Arabia, with access to a 50 billion-riyal land portfolio.
- When
- The launch was announced on October 19, 2026.
- Where
- The company will operate across Saudi Arabia, with land in Riyadh, Jeddah and Mecca. Its first project is in Riyadh’s Al Rimal district.
- Why
- The company aims to develop large-scale communities and establish a long-term presence in the Saudi market.
This story does not have two clearly opposing sides.
Arada announced the launch of Arada Saudi Arabia and revealed its first project in Riyadh.
Sales and construction work on the Al Rimal project are scheduled to begin.
- Land portfolio
- 10 million square metres, valued at 50 billion riyals
- Land locations
- Riyadh, Jeddah and Mecca
- First project
- 14 billion-riyal residential development in Al Rimal, northeast Riyadh
- Project area
- About 2.5 million square metres
- Homes planned
- About 3,500 villas and townhouses
- Start of sales and construction
- 2027
What people are saying
The launch of Arada Saudi Arabia marks the beginning of a long-term presence in the Kingdom, based on a group of strategic sites that give us the ability to develop integrated communities on a large scale in several cities across the Kingdom.