Riyad Capital Launches $266m Mixed-Use Project In Abha

Riyad Capital has announced the launch of Shalalat Abha, a SAR 1 billion ($266 million) real estate project in partnership with Mdr Development. The development was unveiled during the Aseer Investment Forum in Abha and marks Riyad Capital’s first real estate venture in Saudi Arabia’s southern region.

Covering over one million square meter, the project aligns with the Aseer Development Strategy to boost urban development and economic growth. Shalalat Abha will feature residential, commercial, tourism, and entertainment spaces. Strategically located near Abha International Airport and King Khalid University, infrastructure works will begin in Q2, with completion expected in two years.