Turner & Townsend has been appointed as the cost consultant for the Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of employee housing across the Kingdom of Saudi Arabia.
The new property developer will be at the forefront of modern construction – exploring the use of modular methods and design to bring durable accommodation to the Riyadh market.
sarcc, a subsidiary of the Public Investment Fund (PIF), aims to meet the growing demand for accommodation solutions for both public and private projects throughout the country.
Among its initiatives is the development of a modern residential complex located in the King Abdullah District of Central Riyadh, to meet the need for high-quality, furnished housing.
This development will deliver hundreds of apartments of different sizes, as well as retail spaces and modern amenities, providing convenient and comfortable living options for Riyadh’s expanding workforce.
The development’s prime location will benefit residents, with community living spaces and green areas that will positively transform living accommodation in Riyadh.
The project will integrate high-density urban living with aesthetic appeal, providing a variety of residential options that enhance the visual landscape and meet the increasing housing demand in Central Riyadh.
Turner & Townsend were also appointed as the project management and construction management consultant for Diriyah’s Northern District, a major development that will enrich the cultural and knowledge landscape of the Kingdom of Saudi Arabia.
“The Northern District is a vital component of the Diriyah masterplan that exemplifies the richness and diversity of The City of Earth. Our collaboration with Turner & Townsend marks another major milestone in our efforts to develop Diriyah into a global gathering place that honors 300 years history, heritage and culture.”
Jerry Inzerillo, Group CEO, Diriyah Company
Diriyah, The City of Earth, will generate an estimated 178,000 jobs, provide homes for nearly 100,000 residents, attract 50 million visits each year, and is predicted to contribute approximately $18.6bn directly to Saudi Arabia’s GDP once completed.
“Our collaboration with Diriyah Company on the Northern District project is creating a premier global hub for cultural, educational, and economic excellence.
“The development will attract millions of visitors and generate thousands of jobs, and as Diriyah evolves into an authentic Najdi-style mixed-use urban community, the Northern District will play a pivotal role in enriching the cultural and educational landscape of the Kingdom of Saudi Arabia.”
Mark Hamill, Regional Real Estate and Major Programs Lead, Turner & Townsend – Middle East
