DarGlobal awards $90m Rayana infrastructure contract in Riyadh

DarGlobal, a London-listed existent property developer, has awarded an SR338m ($90m) declaration for superior infrastructure works astatine the Rayana maestro assemblage to Compass and Bin Omairah Company.

The task is situated successful Wadi Safar, Diriyah, 1 of Riyadh's high-profile districts.

The design-and-build declaration covers archetypal works crossed the Rayana development, including earthworks, inferior networks, roads and tract access.

The infrastructure is expected to laic the groundwork for the residential area, which volition see Rayana Mansions and branded Trump Mansions. These residences volition person built-up areas betwixt astir 1,900m² and 7,000m².

DarGlobal CEO Ziad El Chaar said: "The grant of this infrastructure declaration represents an important measurement guardant successful the transportation of Rayana and reinforces our committedness to creating exceptional residential destinations successful Saudi Arabia.

"As 1 of the astir exclusive communities wrong Wadi Safar and the world, Rayana has been conceived astir privacy, standard and a highly curated manner experience. This milestone demonstrates the continued momentum of the task and our assurance successful the semipermanent maturation of the Kingdom's luxury existent property sector."

The infrastructure declaration is positioned arsenic an advancement for the Rayana assemblage and is besides linked to the objectives of Saudi Arabia's Vision 2030 improvement programme, aiming to pull section and planetary concern to the residential existent property sector.

Rayana's determination is successful proximity to Diriyah, Expo 2030, King Abdullah Financial District, and different maturation corridors successful Riyadh.

Marking 5 years since its archetypal task successful Dubai, DarGlobal reports enlargement crossed Saudi Arabia, Oman, the UAE, Qatar, Greece, Spain and the UK.

The institution states that its improvement portfolio has reached $23bn and present serves investors from implicit 125 nationalities.

DarGlobal's fiscal results for FY2025 amusement a Gross Development Value emergence from $7.5bn successful FY2024 to $23bn, and a gross summation of 124% to $539m.

EBITDA for the play was reported astatine $126m, with immoderate 6,100 units nether operation successful 16 projects. Cash and currency equivalents totalled $702m arsenic of December 2025, and a $250m financing installation has been secured.

Recent activities see expanding into hospitality and entertainment, processing golf-focused destinations, and launching an plus absorption platform, DarGlobal Capital Partners.

DarGlobal besides notes its upgrade to the ESCC class connected the London Stock Exchange and outlines aboriginal plans successful plus management, hospitality and technology-enabled existent property developments crossed Muscat, Jeddah, Riyadh, confederate Spain, and a large-scale task successful Greece.

"DarGlobal awards $90m Rayana infrastructure declaration successful Riyadh" was primitively created and published by World Construction Network, a GlobalData owned brand.