Arada Launches 'Arada Saudi Arabia' with AED 49 Billion Land Portfolio, Starting in Riyadh

Arada has announced the establishment of 'Arada Saudi Arabia' to lead its expansion in the Kingdom, backed by a land portfolio valued at approximately AED 49 billion (SAR 50 billion according to local coverage). The move is being made through a strategic partnership with Extopia, and its first project is a residential development in the Al Remal district northeast of Riyadh.

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• The partnership provides access to a land portfolio of 10 million square meters in strategic locations across the Kingdom.

  «تتيح الشراكة الوصول إلى محفظة أراضٍ بمساحة 10 ملايين متر مربع في مواقع استراتيجية بالمملكة»

  عاجل
• The company's first project is an integrated residential development worth SAR 14 billion in the Al Remal district northeast of Riyadh.

  «أول مشروعات الشركة مخطط سكني متكامل بقيمة 14 مليار ريال في حي الرمال شمال شرق الرياض»

  عاجل
• Arada has launched its operations in Saudi Arabia through a strategic partnership with Extopia.

  «أطلقت شركة Arada عملياتها في السعودية عبر شراكة استراتيجية مع Extopia»

  Sharjah24
• The new company will oversee large-scale projects backed by a land bank worth AED 49 billion.

  «وستتولى الشركة تنفيذ مشاريع واسعة النطاق مدعومة ببنك أراضٍ يبلغ 49 مليار درهم.»

  ZAWYA

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