Saudi Arabia
Market intelligence built from official Saudi transaction records.
NEOM has invited consultants to express interest in feasibility, concept design and route-alignment work for a proposed freight rail connection of more than 400 kilometres between Oxagon’s Port of NEOM and Saudi Arabia Railways’ North Railway network.
Atheel KAFD Hotel has opened in Riyadh’s King Abdullah Financial District with 214 rooms and suites. Located in The Leaf area, the hotel was developed by King Abdullah Financial District Development and Management Company and is operated by Adeera Hospitality Company.
Knowledge Economic City Company has signed a memorandum of understanding with Almajdiah and Capital Hill for a proposed mixed-use development in Knowledge Economic City, Madinah. The approximately 97,000-square-metre project has a preliminary cost of approximately SAR 2.8 billion and expected revenues of more than SAR 4 billion.
The agreement establishes a substantial development and delivery framework around one of Riyadh’s most prominent future event-related projects.
HUMAIN and DataVolt have announced an expanded partnership to jointly develop a 100MW AI-ready data centre at Oxagon in NEOM. Construction is reported as underway, with the first 100MW expected to be available in 2028.
Saudi Arabia’s National Housing Company is developing Khuzam Digital Valley in Riyadh through NHC Innovation, with an approximately SAR 3.3 billion investment reported for a data-centre project targeting up to 65 megawatts of IT load by 2033.
Red Sea Global announced the opening of Nammos Resort AMAALA at Triple Bay on 7 September 2026, adding 110 keys, 20 private residences and a private-island beach club to the destination’s hospitality portfolio.
Al Moammar Information Systems announced a $1.2 billion expansion taking its Saudi data-centre capacity to 192 megawatts, while NHC Innovation announced an $880 million, 65-megawatt development at Khuzam Digital Valley by 2033.
Saudi AI company HUMAIN is considering a fund of up to $3 billion to expand data-centre capacity across the Kingdom. The proposal comes alongside non-binding financing terms of up to $1.2 billion for up to 250 MW of hyperscale AI capacity and an approximately $3 billion partnership with AirTrunk.
Saudi Arabia's foreign real estate ownership regime is now operational, allowing non-Saudis to pursue ownership or other rights in rem within designated areas and under defined conditions. Applications are being handled through the official Saudi Properties portal.
HUMAIN has begun preparations for a potential public listing and is reportedly seeking $2.5 billion from domestic and international investors for a Saudi data-centre fund. The plan adds a significant prospective capital source to the Kingdom’s AI infrastructure pipeline, alongside up to $1.2 billion in non-binding financing terms with the National Infrastructure Fund.
