DarGlobal, a London-listed actual property developer, has awarded an SR338m ($90m) contract for main infrastructure works on the Rayana grasp group to Compass and Bin Omairah Firm.
The venture is located in Wadi Safar, Diriyah, one among Riyadh’s high-profile districts.
The design-and-build contract covers preliminary works throughout the Rayana growth, together with earthworks, utility networks, roads and web site entry.
The infrastructure is predicted to put the groundwork for the residential space, which can embody Rayana Mansions and branded Trump Mansions. These residences can have built-up areas between roughly 1,900m² and seven,000m².
DarGlobal CEO Ziad El Chaar mentioned: “The award of this infrastructure contract represents an necessary step ahead within the supply of Rayana and reinforces our dedication to creating distinctive residential locations in Saudi Arabia.
“As some of the unique communities inside Wadi Safar and the world, Rayana has been conceived round privateness, scale and a extremely curated life-style expertise. This milestone demonstrates the continued momentum of the venture and our confidence within the long-term development of the Kingdom’s luxurious actual property sector.”
The infrastructure contract is positioned as an development for the Rayana group and can also be linked to the targets of Saudi Arabia’s Imaginative and prescient 2030 growth programme, aiming to draw native and worldwide funding to the residential actual property sector.
Rayana’s location is in proximity to Diriyah, Expo 2030, King Abdullah Monetary District, and different development corridors in Riyadh.
Marking 5 years since its first venture in Dubai, DarGlobal stories growth throughout Saudi Arabia, Oman, the UAE, Qatar, Greece, Spain and the UK.
The corporate states that its growth portfolio has reached $23bn and now serves traders from over 125 nationalities.
DarGlobal’s monetary outcomes for FY2025 present a Gross Growth Worth rise from $7.5bn in FY2024 to $23bn, and a income enhance of 124% to $539m.
EBITDA for the interval was reported at $126m, with some 6,100 items beneath building in 16 tasks. Money and money equivalents totalled $702m as of December 2025, and a $250m financing facility has been secured.
Latest actions embody increasing into hospitality and leisure, growing golf-focused locations, and launching an asset administration platform, DarGlobal Capital Companions.
DarGlobal additionally notes its improve to the ESCC class on the London Inventory Change and descriptions future plans in asset administration, hospitality and technology-enabled actual property developments throughout Muscat, Jeddah, Riyadh, southern Spain, and a large-scale venture in Greece.
“DarGlobal awards $90m Rayana infrastructure contract in Riyadh” was initially created and revealed by World Construction Networka GlobalData owned model.
