The Royal Commission for Riyadh City (RCRC) has announced that the Orange Line (Al Madinah Al Munawwarah Axis) began operating on 5 January 2025. The line stretches from east to west, with its stations spanning from Jeddah Road to the Second Eastern Ring Road, parallel to the Khashm Al Aan in the East, with a total length of 41km.

The launch of the Orange Line marks the completion of the phased rollout of all six lines of the Riyadh Metro network, in line with the roll-out plan announced at the project’s inauguration.

Starting at exactly 6AM, Orange Line passengers could access the following stations: Jeddah Road, Tuwaiq, Al Dawh, Harun Al Rashid Road, and An Naseem – an interchange station that links the Orange and Purple lines.

Separately, RCRC has announced the start of operations of three new stations on the Blue Line (Al Olaya – Al Batha Axis): Al Murooj, Bank Al Bilad, and King Fahad Library.

The operationalisation of all six lines of the Riyadh Metro network improve connectivity across the capital and ease travel for both residents and visitors, with operating hours from 6AM to 12AM.

Passengers may identify destinations and purchase tickets using the ‘Darb’ mobile application or ticket offices and self-service machines at the Riyadh Metro stations. For further information, people may contact the unified public transport Call Center at 19933 or visit the Riyadh Metro website or social media accounts.

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The UAE has significantly advanced its infrastructure sector during 2024, launching a series of vital projects that have been designed to meet the nation’s economic growth objectives and promoting development across various industries.

Key achievements include the historic start of commercial operations for Unit 4 at the Barakah Nuclear Energy Plant, marking its full delivery. The Barakah Plant is now generating 40TWh of electricity per year, providing up to 25% of the UAE’s electricity, clean and carbon-free.

Meanwhile, the Executive Committee of the Initiatives of UAE President has approved a major infrastructure package, which includes the construction of nine new dams, the expansion of two existing dams, and the development of various embankment barriers.

These measures will enhance infrastructure resilience to cope with climate change and increase water reserves by collecting rainwater and floodwaters with over eight million cu/m of storage capacity. The projects will be completed within 19 months and will also include the construction of nine water canals, totalling approximately 9km.

In the UAE capital, the Abu Dhabi Projects and Infrastructure Centre announced the Executive Council’s approval of 144 projects across the emirate. These projects will span a number of sectors, including housing and quality of life, education and human capital, tourism, and natural resources.

Among the key projects, the Integrated Transport Centre unveiled the 25km median islands project, designed to accommodate 8,000 -10,000 vehicles per hour in each direction.

Other projects include traffic enhancements on Musaffah Road (E30), Al Khaleej Al Arabi Street (E20), and the construction of new bridges on Abu Dhabi-Al Ain Road (E22) and 79th Street in Mohamed bin Zayed City.

Moreover, in Dubai, the new passenger terminal at Al Maktoum International Airport is set to become the world’s largest airport on completion, with a cost of US $34.85bn and a capacity to handle 260m passengers and 12m tonnes of cargo annually.

The airport will accommodate 400 aircraft gates and feature five parallel runways, as well as introducing a raft of new aviation technologies. The second Dubai project, the ‘Tasreef’ initiative, aims to develop the emirate’s rainwater drainage network at a cost of $8.17bn, increasing capacity by 700%.

The third project involves doubling the capacity of the Dubai Exhibition Centre, meaning that by 2033 it will be possible to increase the range of major events hosted annually from 300 to over 600. Also in Dubai, 2024 saw the opening of a key, two-lane bridge – spanning 1,000m – connecting Hessa Street to Al Khail Street, reducing travel time from 15 minutes to three minutes.

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Saudi Arabia’s National Water Company (NWC) has announced that it has started implementing water supply projects in Makkah at a cost of more than US $426mn. These projects are part of NWC’s strategies to develop the infrastructure of the water and environment sectors and increase the coverage rates in cities and governorates.

According to NWC, these projects will serve more than three million beneficiaries per annum. The new initiatives include implementation of main water lines running for 29km, which will serve 16 districts in Makkah.

The projects are: Ajiad 1 and 2; Al-Hajj Street; Al-Hamra; Al-Andalus; Al-Aziziyah; Batha Quraysh; Al-Khaleej; Al-Kawashk; King Fahd Neighborhood; Al-Maghmas; Al-Nozha; Al-Nawariyah; Al-Rashidiyah; Al-Salama; and Al-Zaher, in addition to supplying the Masar Destination project.

NWC pointed out that these projects aim to keep pace with the water needs in Makkah, increase operational efficiency in light of the increase in the number of visitors and pilgrims, in addition to serving the pilgrims and Umrah visitors during the Ramadan and Hajj seasons.

Once completed, these projects will enhance the infrastructure of the water and environmental sectors, ensuring continued operational efficiency and improving the quality of services provided to customers.

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ONE Development announced the start of construction on Laguna Residence, its flagship project with a total development value of over US $540mn, with ground being broken just 55 days after the launch.

Scheduled for completion and delivery in Q4 2027, Laguna Residence will be the region’s first fully AI-integrated residential community, redefining modern living with innovative, designed spaces that integrate technology and sustainability, all while prioritising the comfort and needs of residents. The development will feature twin towers connected by a podium-level lagoon and surrounded by landscapes, said a statement.

Ali Al Gebely, Founder & Chairman of ONE Development said, “We are here today celebrating breaking ground on this landmark project only 55 days after its launch. This dedication to expedience solidifies our commitments, not just to excellence in construction and design standards, but also to the community at large.”

“By integrating AI technology as a core value, we are creating a living environment that enhances daily life, offering unparalleled convenience and comfort. As we bring this vision to life, we are not only shaping a project but fostering a community that thrives in a space designed for modern living; one that supports the UAE’s ambition to lead as a global hub for innovation, sustainability, and quality of life,” he added.

Laguna Residence will offer over 40 amenities designed to promote wellness, cultivate a sense of community and social engagement and provide a diverse range of entertainment options. Units will cater for a variety of lifestyles with a broad range of contemporary studios to Skyhomes, all carefully designed to meet the aspirations of discerning residents and investors alike.

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The Sports Boulevard Foundation has signed an agreement with Riyadh Development Company, FTG Development, and Jadwa Investment Company to set up a US $930mn mixed-use private real estate development fund. The fund will help the development of the private plots within Urban Wadi, one of Sports Boulevard’s destinations.

This marks the second investment fund launched by Sports Boulevard, following the announcement of the real estate investment fund within the Promenade destination. This fund represents a unique partnership model between the public and private sectors. It is also set to attract Foreign Direct Investments, thereby enhancing Riyadh’s position as a global destination for attracting investment and urban development.

Structured as a private closed-ended fund, Sports Boulevard Development Company will be the majority unit-holder, while Riyadh Development Company and FTG Development will serve as both co-investors and developers. Jadwa Investment Company will manage the fund.

Located in one of Riyadh’s prime areas, the Urban Wadi High Rises development will have a total gross floor area (GFA) exceeding 207,000sqm, and the project will adhere to the Sports Boulevard Design Code, inspired by the principles of Salmani architecture. This landmark development underscores Sports Boulevard’s commitment to fostering world-class urban environments, while driving investment and economic growth in Riyadh.

Jayne McGivern, CEO of the Sports Boulevard Foundation said: “Establishing a real estate investment fund and the strategic partnership it entails is a significant step toward enhancing urban development. I’m delighted to welcome inward investment into Sports Boulevard. This fund reflects our unwavering commitment to the Sports Boulevard project and our vision of improving the quality of life in the city. We aim to transform Riyadh into one of the best cities in the world, contributing to regional growth and successfully achieving the overarching goals outlined in the Saudi Vision 2030.”

“Through collaboration with our partners, we will be able to provide Sports Boulevard’s Urban Wadi destination with world-class facilities that will guarantee a positive impact in all areas related to Riyadh’s community. This includes creating new job opportunities and enabling the city’s residents to adopt a lifestyle based on making healthier and more sustainable choices. I’m confident that our partnership will contribute to reshaping the general landscape in Riyadh.”

Jehad Alkadi, CEO of Riyadh Development Company commented, “We are proud to announce the establishment of a real estate investment fund as part of our strategic partnership with the Sports Boulevard Development Company. This investment will support the common goal of the Sports Boulevard Project by providing world-class facilities to the residents and visitors of Riyadh. It will also play a major role in supporting the kingdom’s efforts to achieve the goals of Saudi Vision 2030.”

Urban Wadi will be home to a low-flow water canal surrounded by lush greenery. The water canal is constantly recirculated, used in fountains, and for the natural cooling of the destination. It also includes pathways for pedestrians and cyclists, bridges, a large shading structure of 10,000sqm with shops and restaurants, play areas for kids, a kayaking zone, multiple sports courts, and event spaces.

The Sports Boulevard project extends for more than 135km on Prince Mohammed bin Salman bin Abdulaziz Road, connecting Wadi Hanifah in the West with Wadi Al Sulai in the East through a grid of safe green pathways for pedestrians, cyclists, and athletes. The project includes more than 4.4m sqm of greenery and open spaces, with 50 multidisciplinary sports facilities. In addition, there are several unique destinations and investment zones, within a total area that exceeds 3m sqm.

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MERED has appointed SERA Group as the general contractor for its ICONIC Residences project which is design by Pininfarina, and is taking shape in Dubai Internet City.

SERA Group’s portfolio includes residential developments, hotels, healthcare and educational facilities, and industrial projects. Their residential and hospitality portfolio includes projects such as Address Residences Dubai Opera and Il Primo next to the Burj Khalifa, as well as Skyview Tower and Barbaros Reserve Bodrum Residences which is managed by Kempinski.

Michael Belton, Chief Executive Officer at MERED commented, “With luxury real estate booming in Dubai, SERA Group’s proven expertise in constructing large-scale, high-quality projects makes them the perfect choice to bring our vision for ICONIC Residences design by Pininfarina to life. Their approach to precision, innovation, and attention to detail aligns seamlessly with MERED’s commitment to delivering exceptional residential experiences. Together, we aim to create a landmark that will redefine luxury living and contribute to Dubai’s ever-evolving skyline.”

MERED has secured approvals from key government authorities and broken ground for ICONIC Residences, with design and contractor procurement nearing completion and main construction slated to begin shortly.

The ICONIC Residences designed by Pininfarina will feature 310 luxury apartments and amenities, with unit handovers slated for Q3 2027. Residents will enjoy offerings such as spa, restaurants, kid’s club,  infinity pool, gym and yoga spaces, retail outlets, and much more.

Ozan Şener, Chief Executive Officer at SERA Group added, “We are excited to collaborate with MERED on this landmark project. Our extensive experience across diverse sectors, combined with our deep-rooted dedication to quality and innovation, positions us perfectly to deliver the ICONIC Residences design by Pininfarina to the highest standards. With its prime location and MERED’s visionary approach, this project is destined to become one of Dubai’s most prestigious addresses.”

In 2024, Dubai’s property market cemented its global leadership, achieving record growth. Dubai also holds the world’s second-largest pipeline of branded residences, with 17,000 units in operation and 5,000 in development. ICONIC Residences, designed by Pininfarina, meets rising demand for premium, world-class homes.

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