Arada kicks off Saudi operations with SR50bn land portfolio

Arab News · Arab News · 2026-10-20 13:41 UTC

Arada kicks off Saudi operations with SR50bn land portfolio

Arada, one of the world’s fastest-growing master developers, has announced the establishment of Arada KSA, a new real estate development company that will deliver large-scale communities across Saudi Arabia. The new entity was established in strategic partnership with XTOPIA, a community and lifestyle company developing integrated, mixed-use destinations across the region.

Mohammed Al-Dhabaan, chairman of XTOPIA, has been appointed chairman of Arada KSA, underscoring the importance of the local partnership at the heart of the new company.

Arada KSA has access to a 10 million-square-meter land portfolio across Saudi Arabia, with a combined value of SR50 billion ($13.3 billion). The portfolio spans strategic locations, including Riyadh, Jeddah and Makkah.

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