Ajdan Unveils $1.5 Billion Khobar Pier in Saudi Arabia

Ajdan Real Estate Development Company has unveiled Khobar Pier, a SAR5.6 billion ($1.5 billion) coastal destination planned for the Arabian Gulf.

The project aims to strengthen Al Khobar's position as a waterfront tourism and lifestyle destination as Saudi Arabia expands its tourism and leisure sector.

The development is being launched in partnership with Ashraq Development, the Tourism Development Fund and Aljazira Capital.

It is designed to combine hospitality, leisure, retail and residential experiences within an integrated coastal destination.

Khobar Pier to Feature 689 Residential Units

Khobar Pier will cover 671,000 square metres and feature an 850-metre waterfront, with approximately 305,000 square metres of developed area.

The planned destination will include 689 residential units, 690 hotel rooms and 33,000 square metres of commercial space.

The development will feature internationally branded hotels and resorts, luxury residences and villas, restaurants, retail outlets, green spaces, sports facilities and water-based activities.

This mix is intended to provide visitors with accommodation, dining, entertainment and recreation in one location.

Waterfront Design at the Centre of the Project

Water will play a central role in the destination's design. Interconnected waterways will surround a central island, while an elevated hill will offer views across the Arabian Gulf.

The coastal setting and planned recreational facilities are intended to broaden leisure options for domestic and international visitors. The combination of waterfront access, hospitality and entertainment is also designed to encourage visitors to spend more time in the area.

Also Read: ROSHN Group Offers Real Estate Deals for Foreign Investors

Project Aligns with Saudi Vision 2030

Ajdan said Khobar Pier reflects its strategy of developing destinations that extend beyond traditional real estate. The approach combines hospitality, entertainment, dining and retail to create tourism-focused environments.

The project also aligns with Saudi Vision 2030, which aims to develop distinctive destinations, improve quality of life and diversify the Kingdom's economy.

Also Read: Bayt Al Maqam Expands Real Estate Cooperation in Makkah

Ajdan Expands Its Coastal Development Portfolio

Ajdan's wider portfolio includes Ajdan Waterfront and Fairmont Ajdan in Al Khobar, as well as Ajdan Island and developments in Riyadh and Jeddah.

With its planned residential units, hotel capacity, commercial space and extensive waterfront, Khobar Pier is positioned as an additional leisure and tourism destination for Saudi Arabia's Eastern Province.

The project adds to the region's portfolio of coastal attractions and supports the broader development of tourism-oriented destinations.

Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.