Kirkland & Ellis Advised King Salman Park Foundation On US$1 Billion Mixed-Use Development District
kirkland & ellis advised King Salman Park Foundation on US$1B mixed-use development district in Riyadh.
Kirkland & Ellis Advised King Salman Park Foundation on US$1 Billion Mixed-Use Development District
The Global Law firm, Kirkland & Ellis is advising the King Salman Park Foundation, in partnership with Ajdan Real Estate Development Company and SEDCO Capital, on the development and construction of a US$1 billion mixed-use development district in Riyadh, as part of the Kingdom’s Vision 2030.
The project will create a vibrant urban neighbourhood within the King Salman Park, one of the world’s largest urban parks, and a key pillar of Vision 2030. The development comprises over 600 residential units, 200 hotel rooms, 45,000 square meters of office space, and a variety of retail and service facilities, spanning a total area of 106,000 square meters. The project sets a new benchmark for sustainable, mixed-use design in Riyadh and underscores the strength of the Kingdom’s real estate investment ecosystem.
The Kirkland & Ellis team advising on the transaction included James Clark (Construction Lawyer) and Aurelia Russo (Construction Lawyer).
Kirkland & Ellis is a global law firm and is recognized for its broad range of legal services and a strong international presence. The firm is a major legal player, with offices in key financial and legal hubs in the United States, Europe, Asia, and the Middle East, including New York, Chicago, London, and Munich.
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