Latest news with #OSUS
Arab News
25-05-2025
- Business
- Arab News
OSUS invests over SAR 2 billion in flagship "OSUS EYE" Project to transform urban living in Riyadh
OSUS Real Estate Development Company has officially launched its flagship project 'OSUS EYE' — a fully integrated urban destination that brings together elegant residences with contemporary luxury, a world-class Hilton Garden Inn hotel, branded residences tower under the Curio Collection by Hilton brand, premium-grade offices, and retail spaces. Strategically located at the intersection of Takhassusi Road and Abu Bakr Al-Siddiq Road in northern Riyadh, the SR2-billion ($533 million) project extends over gross floor area exceeding 180,000 square meters, embodying the concept of a 10-minute city aligned with the ambitions of Saudi Arabia's Vision 2030. The development features 627 residential units, including apartments and townhouses, designed with modern architectural aesthetics across a dedicated residential area of 82,370 square meters. Additionally, the project allocates 46,854 square meters for commercial offices and retail, offering a contemporary business environment that supports entrepreneurship and investment. To meet the needs of residents and visitors, the project includes multi-story parking facilities totaling 155,400 square meters, ensuring ease of mobility and smooth traffic flow. 'OSUS EYE' is also home to a variety of recreational amenities, including lush green parks spanning 62,893 square meters, dining venues, cafes, and pedestrian and cycling paths — delivering a comprehensive urban experience that enhances the quality of life in the capital. With this project, OSUS reaffirms its commitment to developing sustainable destinations and pioneering smart urban concepts that elevate living, working, and leisure experiences. Founded in Riyadh in 2006, OSUS has established itself as a leading real estate developer, delivering high-impact projects across residential, commercial, and hospitality sectors. The company has developed a robust portfolio of 54 projects, including vibrant residential neighborhoods, modern office spaces, and urban landmarks that contribute to the transformation of Saudi Arabia's real estate sector, underscoring its clear strategic vision and excellence in execution.
Arabian Business
19-05-2025
- Business
- Arabian Business
Saudi property developer OSUS set to unveil landmark mixed-use project in Riyadh
Anticipation is mounting as Saudi Arabia's OSUS Real Estate Company prepares to announce a landmark 103,104sqm mixed-use development at an exclusive event on May 20 at anb arena in Riyadh. The architectural icon, strategically located in the heart of Riyadh, is set to transform the capital's skyline with innovative designs across residential, commercial, hospitality, retail, and entertainment spaces. The ambitious project embodies the 'ten-minute city' concept, prioritising ease of mobility while incorporating extensive green spaces — underscoring OSUS's commitment to sustainability and exceptional living experiences. Established in 2006, OSUS has built a formidable reputation in Saudi Arabia's competitive real estate market. The Riyadh-based developer has successfully delivered more than 11 residential and commercial projects to date, covering a total area of 51,000 square metres with built-up areas exceeding 130,000 square metres. The upcoming development features 627 residential units spanning 82,370sqm, alongside 46,854sqm of commercial space designed to the highest standards. The project includes an elegant 18,038sqm four-star hotel rising 10 stories, complemented by 30,224sqm of branded residences across 22 stories. Additionally, 15,426sqm of retail space will create vibrant lifestyle opportunities for residents and visitors alike. OSUS consistently delivers developments that seamlessly blend functionality with forward-thinking design. Their latest project appears set to raise the bar for mixed-use developments in the Kingdom. The development's strategic location in Riyadh's heart ensures stunning views of the city while providing convenient access to key amenities. Offices within the complex are being designed to exceptional standards, catering to the evolving needs of Saudi businesses and international corporations. Green spaces feature prominently throughout the development, creating tranquil environments amidst the urban setting and reinforcing OSUS's dedication to sustainability principles. 'We develop and build for a better tomorrow for the next generation,' states OSUS in its corporate materials, emphasising values of transparency, trust, quality, agility and commitment to Saudi Arabia's economic transformation. The company's portfolio encompasses a diverse range of ventures, including residential complexes like OSUS Alpha and OSUS Edge, commercial developments such as OD Tower and OD Office, as well as retail spaces including Abu Bakr Mall and Anas Bin Malek Mall. The project aligns with OSUS's stated vision of 'shaping tomorrow's landscape beyond boundaries' and supports Saudi Arabia's ambitious Vision 2030 initiative, which aims to diversify the economy and create vibrant urban environments. With its innovative approach to sustainable development, commitment to exceptional experiences, and focus on creating integrated lifestyle opportunities, the upcoming OSUS architectural icon represents a significant advancement in Saudi Arabia's urban transformation journey. The May 20 announcement will reveal comprehensive details about the project's architectural vision, sustainability features, timeline, and investment opportunities, firmly establishing OSUS's continued leadership in Saudi Arabia's dynamic real estate sector. The content is supplied by Arabian Business Brand View Partners.
