Excitement is building as Saudi property developer OSUS prepares to unveil a landmark mixed-use project in Riyadh. Scheduled for announcement at an exclusive event on May 20 at the anb arena, this ambitious endeavor spans 103,104 square meters and promises to redefine the city’s landscape.
Transforming Riyadh’s Skyline
The innovative architectural design of OSUS’s new mixed-use development is strategically situated in the heart of Riyadh. This project is expected to significantly enhance the capital’s skyline while offering a unique blend of residential, commercial, hospitality, retail, and entertainment spaces.
Embracing the “Ten-Minute City” Concept
This landmark mixed-use project exemplifies the “ten-minute city” concept, which prioritizes mobility and accessibility for its residents. By incorporating extensive green spaces, OSUS underscores its commitment to sustainability and an enriching living experience.
A Robust Portfolio Driving Growth
Founded in 2006, OSUS has established a strong presence in Saudi Arabia‘s dynamic real estate landscape. With a mission to deliver top-tier real estate solutions, the company continues to expand its portfolio, which includes projects that are either delivered, under development, or in advanced planning stages. According to projections, OSUS expects its pipeline to generate SAR 17.8 billion in revenues by early 2025.
Currently, the portfolio features 35 projects, covering close to 3 million square meters. Among these are vibrant neighborhoods, modern office spaces, and urban landmarks that contribute significantly to the transformation of Saudi Arabia’s real estate market.
Details of the Upcoming Development
The upcoming mixed-use project will include 627 residential units spread over 82,370 square meters and 46,854 square meters of premium commercial space. Notably, an 18,038 square meter four-star hotel will rise ten stories high, complemented by 30,224 square meters of branded residences across 22 stories. Additionally, the project will offer 15,426 square meters of retail space, designed to promote a lively lifestyle for both residents and visitors.
OSUS is recognized for creating projects that seamlessly blend functionality and innovative design. The expected impact of this landmark mixed-use project could set a new standard for developments throughout the Kingdom.
A Commitment to Sustainable Development
Situated in a prime location, the new project promises breathtaking views of Riyadh while ensuring convenient access to essential amenities. The office spaces within the complex are being designed to exceptional standards to meet the evolving requirements of both local businesses and international corporations.
Green spaces will play a crucial role throughout the development, fostering tranquil environments within the bustling urban setting and further affirming OSUS’s dedication to sustainable practices.
“We develop and build for a better tomorrow for the next generation,” the company states, reflecting its values of transparency, trust, quality, and a commitment to being part of Saudi Arabia’s economic transformation.
Supporting Vision 2030
The forthcoming mixed-use project aligns with OSUS’s vision of “shaping tomorrow’s landscape beyond boundaries” and supports Saudi Arabia’s Vision 2030 initiative, aimed at diversifying the economy and creating vibrant urban environments.
With its innovative approach to sustainable development and a focus on integrated lifestyle opportunities, OSUS’s landmark mixed-use project is poised to be a pivotal part of Saudi Arabia’s urban transformation journey. The May 20 announcement will provide detailed insights into the project’s architectural vision, sustainability features, timeline, and investment prospects, reaffirming OSUS’s position as a leader in Saudi Arabia’s ever-evolving real estate sector.