Kolaghassi leads the Package 5 alliance with Al Othaim Investment and RXR: a residential-led district beside the King Salman Park metro station worth more than SAR11bn (about $3bn), announced at MIPIM in March 2026. It plans about 3,700 homes, about 300 hotel keys, more than 100,000 m² of offices and a K-12 school.
Investment packages
Timeline
10 Mar 2026Investment
MIPIM 2026: Packages 4 and 5 announced, over USD 3.8bn of new commitments
Package 5 is led by Kolaghassi (SAR 11bn, about 3,700 homes). Package 4 is led by Retal (SAR 3.2bn, 600+ homes). The Foundation counts over SAR 20bn across five packages. Reports differ on whether the Retal award was completed in November 2025 or March 2026.