CONSTRUCTION-

The Qiddiya high-speed rail project in Riyadh, also known as Q-Express, has drawn interest from over 145 local and international firms, Meed reported on Friday. The Royal Commission for Riyadh City, in collaboration with Qiddiya Investment and the National Centre for Privatisation & PPP, received expressions of interest from 68 contractors, 23 design and project management consultants, 16 investment firms, 12 rail operators, 10 rolling stock providers, and 16 other service companies.

The details: The project — for which registration opened in September — will link King Salman International Airport, the King Abdullah Financial District (KAFD), and Qiddiya City in around a 30-minute route, with trains reaching speeds of up to 250 km/h. The project will take place under a public-private partnership (PPP) model in two phases. Phase one connects Qiddiya with KAFD and King Khalid International Airport, while phase two extends from the North Pole development to New Murabba, King Salman Park, central Riyadh, and Industrial City.

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TOURISM-

Jazan Municipality launched Zan and Jazan Aqua City, state news agency SPA reported yesterday. Zan includes residential, commercial, and recreational facilities, overlooking the Jazan waterfront and spanning 300k sqm of land. Meanwhile, Jazan Aqua City is considered one of the Kingdom’s largest marine entertainment projects, including water rides, a maritime museum, and supporting amenities covering some 113k sqm.

The two projects coming as part of an investment portfolio totaling SAR 1.5 bn by the municipality, unveiled at the three-day Tourise Summit which wrapped up on Thursday.

REAL ESTATE-

#1- Dar Al Majed to lead 8.1k sqm Riyadh mixed-use development: Dar Al Majed Real Estate signed an investment agreement with Jadwa Investment’s Jadwa Fund (47) and the landowner to develop a mixed-use project on Riyadh’s King Salman Road, it said in a disclosure to Tadawul yesterday. The 8.1k-sqm land will be contributed as an in-kind share valued at SAR 259 mn, with Dar Al Majed holding an optional SAR 50 mn investment right.

About the development: Dar Al Majed plans over 350 residential units and over 20k sqm of commercial and office space under the project. The project’s value is estimated at SAR 1 bn, with the company earning a 15% development fee, 25% performance incentive, and 2.5% sales commission, plus potential returns from its fund subscription.

#2- NHC Innovation’s Sakani app launched a new index to assess rental behavior, aiming to improve transparency in the real estate market and strengthen the reliability of digital rental transactions, state news agency SPA reported on Friday. Tenants can submit a report — which landlords can view — detailing their rental behavior, including payment regularity, continuity of leasing the same unit, financial solvency, communication behavior, and lease regulations compliance. The service is set to be available for landlords and real estate brokers in 1Q 2026.

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