Saudi-listed Riyadh Development Company has outlined progress on three projects in Riyadh with a combined value exceeding SAR 7 billion ($1.86 billion), according to its 2025 annual report.

Mixed-use towers at Sports Boulevard

In its 2025 annual report, the developer said the SAR 3.6 billion mixed-use towers at Sports Boulevard in Riyadh will be completed in the fourth quarter of 2029.

The project has a built-up area of 400,000 square metres (sqm) and a gross floor area of 207,500 sqm. It comprises 800 residential apartments, 5-star hotel with 250 rooms, 52,000 sqm of office space and 6,000 sqm of retail space.

The project is being developed jointly with FTG Development through a real estate fund managed by Jadwa Investment.

Mixed-use development in Al Morooj

The SAR 3.3 billion mixed-use development in Al Morooj, Riyadh, is set to be ready by the second quarter of 2029. The project will include over 950 apartments, 154 townhouses, 51,000 sqm of office space, and 28,000 sqm of retail space.

Logistics warehouses in Al Rimal district

The SAR 227 million logistics warehouses project in Riyadh’s Al Rimal district will be completed by the first quarter of 2027. The total land area is 97,904 sqm, while the built-up area is 58,000 sqm.

ARDCO reported net profit of SAR 296 million for 2025, the same as the year before.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

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