Logo ofLadun Investment Co.
Ladun Investment Co. was awarded two contracts under the Real Estate Balance Program – Phase One, in a consortium with Al-Ayuni Investment and Contracting Co., by the Royal Commission for Riyadh City (RCRC), both totaling SAR 2.4 billion (inclusive of VAT). 
In a statement to Tadawul today, May 5, the company said the first award is for developing the infrastructure of Al Qirawan – Al Narjis, worth SAR 2.06 billion.
This project includes the design, execution, and delivery of infrastructure works for the specified sites (Al Qirawan: 3.6 million sqm – Al Narjis: 87,000 sqm), in accordance with the highest technical and operational standards.
In a separate statement, the company stated that the second award is related to developing the infrastructure of Namar land, for SAR 326.7 million (VAT inclusive).
This project includes the design, execution, and delivery of infrastructure works for the 569,933-sqm Namar land, in accordance with the highest technical and operational standards.
Ladun indicated that both projects should meet the requirements of the relevant authorities and regulatory bodies, including RCRC, National Water Co., Saudi Energy Co., Real Estate General Authority, off-plan sales program (Wafi), and other service providers.
The scope of work includes the preparation of the detailed master plan and detailed executive designs; the implementation of road, water, sewage, electricity, and telecommunications networks; the design of public realm spaces and parks; coordination and integration of utility connections; and ensuring full readiness of the land for delivery to citizens with complete infrastructure.
The project represents a model of integration between urban planning, sustainability, and technology, contributing to improving quality of life and increasing the supply of residential real estate in the city of Riyadh, the statements added.
The projects were awarded today, while the contracts are expected to be signed on May 21, 2026, Ladun said, noting that no related parties were involved.
Logo ofLadun Investment Co.
Ladun Investment Co. was awarded two contracts under the Real Estate Balance Program – Phase One, in a consortium with Al-Ayuni Investment and Contracting Co., by the Royal Commission for Riyadh City (RCRC), both totaling SAR 2.4 billion (inclusive of VAT).
In a statement to Tadawul today, May 5, the company said the first award is for developing the infrastructure of Al Qirawan – Al Narjis, worth SAR 2.06 billion.
This project includes the design, execution, and delivery of infrastructure works for the specified sites (Al Qirawan: 3.6 million sqm – Al Narjis: 87,000 sqm), in accordance with the highest technical and operational standards.
In a separate statement, the company stated that the second award is related to developing the infrastructure of Namar land, for SAR 326.7 million (VAT inclusive).
This project includes the design, execution, and delivery of infrastructure works for the 569,933-sqm Namar land, in accordance with the highest technical and operational standards.
Ladun indicated that both projects should meet the requirements of the relevant authorities and regulatory bodies, including RCRC, National Water Co., Saudi Energy Co., Real Estate General Authority, off-plan sales program (Wafi), and other service providers.
The scope of work includes the preparation of the detailed master plan and detailed executive designs; the implementation of road, water, sewage, electricity, and telecommunications networks; the design of public realm spaces and parks; coordination and integration of utility connections; and ensuring full readiness of the land for delivery to citizens with complete infrastructure.
The project represents a model of integration between urban planning, sustainability, and technology, contributing to improving quality of life and increasing the supply of residential real estate in the city of Riyadh, the statements added.
The projects were awarded today, while the contracts are expected to be signed on May 21, 2026, Ladun said, noting that no related parties were involved.
