Ladun Investment Company, Saudi Arabia has announced the award of two major infrastructure development projects in Riyadh under Phase One of the Real Estate Balance Program.
The contracts, awarded by the Royal Commission for Riyadh City, carry a combined value of SAR 2,390,293,810.2 (inclusive of VAT).
The projects will be executed by Ladun Investment Company in consortium with Al Ayuni Investment and Contracting Company, reinforcing their role in supporting large-scale urban development initiatives across the Kingdom.
The first contract covers the development of infrastructure for the Namar land, spanning approximately 569,933 square meters, with a total value of SAR 326.7 million. The second and significantly larger award relates to the First Package Development Project covering Al Qirawan (3.6 million sqm) and Al Narjis (87,000 sqm), valued at over SAR 2.06 billion.
Both projects involve the comprehensive design, execution, and delivery of infrastructure works in line with stringent technical and operational standards. The scope includes preparation of detailed master plans and executive designs, as well as the construction of road networks, water and sewage systems, electricity grids, and telecommunications infrastructure.
In addition, the developments will incorporate public realm elements such as parks and open spaces, alongside full coordination and integration of utility services. The projects aim to ensure that the sites are fully serviced and ready for handover, providing complete infrastructure for future residential use.
The works will be carried out in coordination with key government and service entities, including Riyadh Municipality, National Water Company, Saudi Electricity Company, telecommunications providers, the Real Estate General Authority, and the off-plan sales program “Wafi”.
These projects are designed to serve as integrated urban development models, combining advanced planning, sustainability principles, and modern infrastructure solutions. They are expected to contribute significantly to enhancing quality of life and increasing the supply of residential land in Riyadh.
The awards underscore the continued momentum of infrastructure and housing development initiatives aligned with Saudi Arabia’s broader urban expansion strategy.
