Al Akaria has awarded its wholly‑owned subsidiary Tamear a SAR 338.7 million (≈ US $90.2 million) contract to build a new business park in Riyadh’s Al‑Narjis district.
Under the deal, Tamear will deliver a full-fledged “integrated commercial destination, including modern office spaces, dining outlets, outdoor plazas and landscaped green areas essentially a futuristic work + lifestyle hub designed to meet the evolving demands of businesses in Saudi Arabia’s rapidly growing capital.
The scope covers everything: civil work, structural and architectural design, mechanical and electrical systems, external works and final finishing — a complete end-to-end responsibility.
For Tamear, this is a significant win that underlines its capacity for delivering large-scale, complex projects. It also reinforces its growing role as a key player in Riyadh’s expanding commercial real estate sector.
Building Dreams — The Story Behind Tamear’s Journey
Tamear hasn’t always been in the spotlight, but its path over recent years shows steady progress. As a construction arm under Al Akaria, it has gradually built expertise across residential and mixed-use projects.
In earlier 2025, Tamear had already secured work for another mixed‑use project in Riyadh’s Al Malqa district. That earlier success helped build not only its project-delivery credentials but also its confidence and readiness for bigger tasks.
Today’s win for the Al‑Narjis Business Park represents a milestone — a leap from smaller assignments to a landmark project offering commercial and lifestyle spaces at scale. For the leadership and team at Tamear, it’s a vindication of hard work, growing capability, and trust from stakeholders.
As CEO of Al Akaria (parent company) recently stated, the project supports Riyadh’s ambition to become a major global economic hub. For Tamear, this means its work will directly contribute to a broader vision — not just a building, but helping shape the future skyline and business environment of a rapidly evolving city.
What the Business Park Means for Riyadh — More Than Just Offices
The planned business park in Al‑Narjis is more than a collection of office blocks. With its mix of workspace, restaurants, plazas, and green landscaping, it’s being built to foster a lifestyle — a balance between work, leisure, community, and environment.
This aligns with an ongoing transformation across Riyadh: with growing demand for contemporary, flexible, and integrated commercial spaces as the city rapidly urbanizes and attracts businesses from across the world.
For companies and entrepreneurs, it promises a modern work environment that meets global standards. For employees and residents, it offers convenience, greenery and lifestyle amenities — reducing the monotony of traditional office-only spaces. For the city, it marks a step toward a more vibrant, mixed-use urban growth model.
In short: it’s not just about building structures — it’s about building environments that reflect new-age work and lifestyle aspirations.
What This Win Reflects — Lessons from Tamear’s Success
- Vision and Scaling Up: Tamear’s shift from smaller projects to a mega business‑park contract showcases how steady work and credibility can lead to major opportunities.
- Trust & Quality: The contract award to handle full civil, structural, mechanical, architectural, external works suggests that Tamear has demonstrated the technical competence and reliability required for big builds.
- Alignment with Bigger Goals: By contributing to Riyadh’s evolving commercial infrastructure, Tamear becomes part of a larger narrative — where real estate development supports economic diversification, business growth and urban transformation.
- Inspiration for Builders & Entrepreneurs: Tamear’s journey can inspire similar firms: growth need not be overnight. With consistency, partnerships, quality delivery — scaling up is possible.
What Comes Next – Expectations & Watch‑outs
The project is expected to proceed over the next couple of years; typical large-scale construction like this can take time. As work proceeds, keen eyes will be on Tamear’s ability to maintain quality and timely delivery. Given its past record and the resources backing Al Akaria, expectations are high.
For businesses, investors and stakeholders — this will likely become a landmark address in Riyadh. Once complete, the business park may serve as a magnet for enterprises, startups, and commercial ventures seeking upscale office + lifestyle spaces under one roof.
At the same time, there’s institutional interest: the project supports a larger vision of transforming Riyadh into a global economic hub which adds symbolic value to its commercial importance.
Final Thoughts
The awarding of this contract to Tamear is more than a business news point. It’s a story of aspiration, growth, and transformation. For Tamear, it’s a testament to their rising potential; for Riyadh, it’s another brick in the evolving façade of a city embracing modernity; for the region, it’s a signal of shifting economic and urban landscapes.
In times when ambition meets skill that’s when remarkable things begin. Tamear’s journey from quieter projects to this landmark contract may inspire many small and mid‑sized firms to aim higher.
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