On 5 November 2026 Asharq Al-Awsat said Riyadh city hall, the housing ministry and the national privatisation body had opened expressions of interest for the capital’s first private joint land deal. The Al Narjis site on Zaid bin Asim Street is 30,015 square metres, with a 50-year design-build-operate-maintain brief for mixed homes, shops, offices and leisure. This page records that launch and stresses the model’s limits for foreign freehold buyers.
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PolicySaudi Arabia
Our takeRiyadh’s long municipal PPP widens developer capital stacks; freehold maps and M/14 rules still govern what a foreign buyer can own.
PolicySaudi Arabia
Our takeRiyadh’s 50-year municipal joint lease widens mixed-use capital stacks; freehold maps and home price bands stay the foreign buyer’s real checks.
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