Kirkland & Ellis Advised King Salman Park Foundation On $3.8 Billion Mixed-Use Development In Riyadh

Kirkland & Ellis advised King Salman Park Foundation on $3.8 billion mixed-use development in Riyadh

The premier global law firm, Kirkland & Ellis advised King Salman Park Foundation (KSPF) on the development and construction of two mixed-use development districts in Riyadh with an aggregate value of approximately $3.8 billion. The project forms part of the King Salman Park development and is expected to become one of the largest residential-led platforms in the Middle East, supporting Saudi Vision 2030 and contributing to one of the largest urban park projects globally.

Package 4 of the project will include more than 600 residential units, approximately 140 hotel keys, and around 50,000 square meters of office space, with a value exceeding $850 million. Package 5 will span more than 400,000 square meters and include around 3,700 residential units, approximately 300 hotel keys, a K-12 school, more than 100,000 square meters of Grade A office space, and a range of retail and dining offerings, with a total value of approximately $3 billion.

The project is expected to set a benchmark for sustainable mixed-use urban development in Riyadh and reflects the continued expansion of Saudi Arabia’s real estate investment landscape.

The Kirkland & Ellis team included James Clark (Partner), Aurelia Russo (Associate) and Mohsin Iqbal (Partner).

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