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A major residential development worth over SR3.3 billion has been unveiled in Riyadh, marking a significant expansion of housing supply in the Saudi capital’s northern corridor. The Noor Khuzam project will deliver more than 3,018 residential units across 228,000 square meters, developed through a partnership between Hassan Allam Holding’s development arm Grova Developments, Tilal Real Estate, and the National Housing Company.
Project Details and Strategic Location
The announcement came during the RESTATEX Riyadh Real Estate Exhibition 2026, held at the Riyadh International Convention & Exhibition Center from February 11-14 under the patronage of Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail. Noor Khuzam’s location in North Riyadh provides strategic access to King Khalid International Airport, Princess Nourah bint Abdulrahman University, Roshn Boulevard, Diriyah, and metro stations.
The development emphasizes integrated community living with shared dining areas, cinema facilities, plazas, cafés, and community gathering spaces. The project incorporates energy-efficient systems, green building standards, smart technologies, and pedestrian-friendly design to create what developers describe as a contemporary, sustainable living environment.
Partnership Leverages Regional Expertise
Abdulrahman Al-Bassam, Chief Executive Officer of Tilal Real Estate, positioned the project as “a significant milestone in the trajectory of residential development in North Riyadh” and “a model that reflects a new direction toward building integrated communities centered on quality of life and Saudi family needs.” He emphasized that Noor Khuzam represents “an urban vision with thoughtful planning, balanced living experience, and high standards of sustainability and execution.”
Sherif Sadek, Chief Executive Officer of Grova Developments, described the project as embodying “the transfer of our development expertise to the Saudi market through a landmark project that aligns with the Kingdom’s ambitious urban development goals.” The partnership combines Hassan Allam’s engineering expertise with Tilal’s local market knowledge and understanding of Saudi family requirements.
Vision 2030 Alignment
The development directly supports Saudi Arabia’s Vision 2030 objectives of increasing homeownership rates and promoting urban sustainability. According to the developers, the project reflects the attractiveness of the Saudi real estate sector for quality investments from both domestic and international sources, supported by evolving regulatory frameworks and increased investor maturity.
The initiative demonstrates growing confidence in Saudi Arabia’s real estate market and its capacity to attract capital and expertise for long-term development projects, potentially positioning the Kingdom as a regional hub for modern urban community development in the Gulf region.
Sources: Saudi Gazette
