RIKAZ Launches ZAYA to Drive Luxury Real Estate Development in Saudi Arabia.

Riyadh, Saudi Arabia: RIKAZ has announced the launch of ZAYA, a new affiliate company focused on developing residential and commercial real estate projects. The company plans to invest SAR 600 million to meet the rising demand for luxury, modern, and sustainable living spaces in the Kingdom.

Vision for Modern and Sustainable Living:

ZAYA aims to create exceptional living environments using innovative design and advanced infrastructure. The company’s developments align with Saudi Arabia’s Vision 2030, which promotes economic growth and a modern lifestyle. ZAYA is committed to delivering high-quality projects that foster prosperity and sustainability.

Landmark Projects Across Key Cities:

Currently, ZAYA has five major projects underway, including SKAYA, UPSCALA, and UPTOWN. These developments are spread across Dhahran, Khobar, and Riyadh. They feature a mix of residential and commercial spaces complemented by green areas and recreational facilities. Additionally, ZAYA plans to launch AZAYA Beach, an exclusive beach club designed to enhance residents’ lifestyles.

Expansion into Hospitality and Logistics:

RIKAZ is also expanding into the hospitality sector. New projects are planned in Riyadh, Asir, Abha, and Al-Ahsa, covering over 800,000 square meters with investments exceeding SAR 1 billion.

In the logistics sector, RIKAZ has launched The Node, a SAR 1.1 billion project set to become the largest integrated logistics complex in Saudi Arabia. The Node supports various economic sectors, with two phases already launched. Sales are projected to exceed SAR 1.5 billion.

Leadership Comments:

Chairman and CEO of RIKAZ, Khalid bin Hassan Al-Qahtani, highlighted the importance of ZAYA’s launch. He stated, “This launch marks a quantum leap in our journey. It aligns with Vision 2030 and strengthens our role in delivering sustainable, competitive developments.”

ZAYA’s CEO, Khalid Al-Ward, added, “Our goal is to develop integrated communities that promote well-being and prosperity. Our projects meet international standards and contribute to a vibrant real estate market.”

Supporting Vision 2030:

With ZAYA, RIKAZ is positioned to support Saudi Arabia’s vision for a sustainable and diversified economy. The company’s projects aim to meet the needs of both the growing local population and international investors. Through innovation and quality, ZAYA is shaping the future of Saudi real estate.