Dar wa Emaar Signs Three Strategic Agreements to Develop the SAR 1 Billion “Riyadh East” Project

Manal Saleh

The agreements were signed with Osool as the anchor investor and strategic partner, SEDCO Capital as the licensed fund manager responsible for overseeing the investment, and, Benoy, the global commercial strategy, architecture and design firm, marking an important step toward launching one of Riyadh’s most prominent new urban destinations.

The Riyadh East project is built on a development approach centered on unlocking land value through re-planning and subdivision, followed by a phased development strategy across residential and mixed-use plots. Dar wa Emaar will serve as the technical partner, providing development expertise, engineering support, and execution capabilities to ensure the highest standards of quality across all design and construction phases.

Commenting on these partnesrship, Osama Alkhunaizi, CEO of Dar wa Emaar, stated: "Riyadh East project represents a new model for urban development in the capital and reflects our direction toward creating communities that meet the needs of today’s Saudi families. The partnerships we have signed with Osool, Sedco Capital, and Benoy underscore strong confidence in the project’s vision and strategic value, paving the way for the launch of an urban destination that will significantly shape the development landscape in the eastern part of Riyadh."

The company stated that Riyadh East represents a comprehensive vision for redefining modern community living, with a human-centered masterplan designed to enhance quality of life by creating a connected, practical, and adaptable environment. The project aims to introduce a new model for community planning in the Kingdom, integrating residential zones, essential services, and public amenities in a way that reflects the needs of Saudi families and their aspirations for more cohesive, flexible, and contemporary neighborhoods.

Dar wa Emaar emphasized that the three agreements reflect strong confidence in the project’s potential and long-term value, marking a significant milestone in transforming Riyadh East into a leading urban destination in the eastern part of the capital. The development is set to feature intelligent planning, diverse land uses, and high-value investment opportunities, further supporting the city’s urban development trajectory and contributing to the goals of Saudi Vision 2030.

The company concluded by reaffirming its commitment to building strategic partnerships that enable the development of high-impact projects in Riyadh and open new horizons for creating modern, integrated communities that enhance the quality of life across the Kingdom.

About SEDCO Capital:

SEDCO Capital is a global, Shariah-compliant, and ESG-led asset management and investment advisory firm.  We provide our clients with unparalleled global access to investments across developed and emerging markets, with over USD 10.5 billion in total assets under management. SEDCO Capital is licensed by the Capital Market Authority (License No. 11157-37) and is headquartered in Jeddah with offices in Riyadh and Luxembourg.

For more information, please visit our website: www.sedcocapital.com