Retal leads the Package 4 consortium with Asasat and Bareeq Al-Retaj, a SAR3.2bn (about $850m) mixed-use project in the heart of the Cultural District. It is reported to include 600+ homes, 140+ hotel keys and about 50,000 m² of Grade A offices, with a fund managed by SAB Invest. The award is dated 10 March 2026 in Retal's disclosure, although another release says it was completed in November 2025.
Investment packages
Timeline
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.
23 expressions of interest in private assets
MEED reported 23 developer expressions of interest. One private package is on site, one is near award and three are in design.