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King Salman Park — Riyadh، Saudi Arabia
Photo: King Salman Park · CC BY-SA 2.0 · source

King Salman Park

Virtual asset linked to this landmark

Price
155,000 Tajs
Virtual owner
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About King Salman Park and its history

A very large urban park under construction in central Riyadh, covering about 16 square kilometres and announced in 2019.

King Salman Park (KSP; Arabic: حديقة الملك سلمان), one of Riyadh’s mega-projects, is an urban area being developed in the city of Riyadh, Saudi Arabia under the supervision of the King Salman Park Foundation. It was unveiled in 2019 as part of the Green Riyadh initiative aimed at increasing the green space of Riyadh. It is being built on the grounds of the former Riyadh Air Base with an area totaling more than 17.2 sq km. Upon completion, it is expected to be one of the largest urban parks in the world, with a planned area five times that of Hyde Park in London and four times that of Central Park in New York. The park is named after King Salman bin Abdulaziz Al-Saud, who has ruled Saudi Arabia since 2015.

Construction contracts for King Salman Park were awarded in 2021.

History

In March 2019, King Salman of Saudi Arabia announced the King Salman Park project, introduced as part of an initiative led by Crown Prince Mohammed bin Salman. It is one of four major development projects, including Sports Boulevard, Green Riyadh, and Riyadh Art, proposed for Riyadh in support of Saudi Vision 2030. After winning an international competition, Omrania and Associates was named as the lead design consultant for the project, and it was announced it would be collaborating with Henning Larsen Architects on the master plan.

According to project plans, the park is intended to contribute to sustainable development and climate improvement and provide up to 70,000 new jobs, supporting the goals of the Kingdom’s Vision 2030. The project is expected to cost $23 billion in government funding and leverage $15 billion in private sector investment.

Construction began in late 2021 with more than US$1 billion in contracts awarded by the King Salman Park Foundation.

In September 2023, the King Slman Park Foundation partnered with Saudi developer Naif Al Rajhi Investment Company to launch a SAR4 billion ($1.1 billion) real estate development fund that would manage plots of land within the park.

It was also announced in September 2023 that Saudi Fransi Capital would be partnering with the head developer of the project, King Salman Park Company for Investment and Real Estate Development, to manage the real estate development fund. The partnership was reported as the first ever partnership between the Saudi government and the private sector.

The King Salman Park Foundation Board of Directors announced the completion of the Abu Bakr Al-Siddiq Tunnel on February 28, 2024. The tunnel opened to the public the following day and was the first component of the park’s project plan to be completed since breaking ground in 2021. It stands as one of the longest tunnels in the Middle East.

In November 2025, it was reported that the King Salman Park Foundation would be partnering with Ajdan Real Estate Development Company and SEDCO Capital to establish a SAR3.8 billion ($1 billion) fund to develop residential, commercial, and hospitality aspects of the project.

Source: Wikipedia · text available under CC BY-SA 4.0

Location
Riyadh, Saudi Arabia
Coordinates
24.7190, 46.7240
Category
Nature & Parks

Source: Wikipedia · Factual information about the real landmark; unrelated to virtual ownership.

Price & ownership history

214,000declared price over time155,000

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