King Salman Park: 93% of Contracts Awarded

An update on the King Salman Park project in Riyadh was presented on September 28, 2026, during the Shaping Mega Projects 2026 event held in the capital, revealing significant progress across construction and investment tracks.

Launched in March 2019, King Salman Park is a major urban park and cultural destination with an estimated value exceeding SAR63.75 billion. 93% of construction and infrastructure contracts had been awarded by March 2026, marking a substantial milestone in the delivery of one of Riyadh's largest developments.

Five major investment packages had been awarded or were nearing award, with total investment agreements across these packages exceeding SAR20 billion. The fifth package alone was valued at more than SAR11 billion and covers a residential-led mixed-use district.

Why it matters

The project is designed as a wide-ranging destination that brings together cultural, artistic, entertainment, sports, recreational, commercial, residential, and public-space components. Once complete, it is expected to become a central green and cultural landmark for residents and visitors in the capital.

At this stage, the first public opening date, visitor admission fees, attraction prices, operating hours, and booking procedures have not been officially confirmed. No currently operating attractions, restaurants, or venues with confirmed public prices and timings have been identified. Saudi Living will share further details as they are officially announced.

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