Saudi Arabia Railways (SAR) has announced the signing of two strategic agreements with URBN Living, aimed at developing and operating real estate projects adjacent to railway stations, starting with the Riyadh East Train Station.
The agreements were formalized during a contract signing ceremony attended by senior representatives from SAR and URBN Living. This initiative reflects SAR’s commitment to transforming railway stations into vibrant, integrated urban destinations that support sustainable development and enhance quality of life.
The collaboration focuses on creating mixed-use developments around train stations, contributing to a more connected urban landscape and maximizing the social and economic value of railway infrastructure. These projects will integrate residential, commercial, and lifestyle components, aligned with modern urban planning standards.
Objectives of the Agreements Include:
-
Developing areas surrounding railway stations
-
Supporting comprehensive urban development
-
Enhancing environmental and architectural sustainability
-
Improving quality of life for residents and visitors
This initiative aligns with Saudi Arabia’s broader vision to promote smart growth, sustainable cities, and efficient transportation solutions. By activating land surrounding stations, SAR aims to strengthen the role of rail transport as a catalyst for urban and economic development.
SAR continues to expand partnerships with the private sector to deliver innovative solutions that serve communities and contribute to national development goals.
