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Chedi Hospitality & Diriyah Unite to Launch Wadi Safar Residences
The Chedi Hospitality group has partnered with the Diriyah Company to launch The Chedi Residences Wadi Safar
The Suadi Boom
September 07, 2025
Welcome to The Saudi Boom. The No.1 Business Site & Newsletter in Saudi Arabia. Discover The Latest Developments and Opportunities in The Kingdom of Saudi Arabia.
LATEST NEWS
In Today’s Edition:
Chedi Hospitality Partners with Diriyah Company to Launch Chedi Residences Wadi Safar
Saudi Arabia Plans to Become the World’s Largest Producer of Lithium
Riyadh Metro Reaches 100 Million Passengers in First Nine Months
Saudi Arabia’s Housing Market Reaches $33 Billion in Deals in First Half of 2025
HOSPITALITY
✨Chedi Hospitality Partners with Diriyah Company to Launch Chedi Residences Wadi Safar
The Chedi Hospitality group has partnered with the Diriyah Company to launch The Chedi Residences Wadi Safar, a new ultra-luxury residential project near Riyadh's historic Diriyah UNESCO World Heritage Site.
Key Takeaways:
The Chedi Hospitality has partnered with Diriyah Company for the new project.
The villas will feature 4 and 5-bedroom homes with views of a Greg Norman-designed golf course.
The residences are situated in Wadi Safar, just 15 minutes from Riyadh's city center and 25 minutes from the King Khalid International Airport.
The partnership between The Chedi Hospitality and Diriyah Company to launch The Chedi Residences Wadi Safar is a significant move in Saudi Arabia's luxury real estate and hospitality sectors. Read more
EVS
✨Saudi Arabia Plans to Become the World’s Largest Producer of Lithium
Saudi Arabia is embarking on a strategic initiative to become the world's leading producer of lithium, a vital component for electric vehicle batteries and clean energy technologies.
Key Takeaways:
The plan directly supports Vision 2030's goal of economic diversification, aiming to increase the mining sector's GDP contribution to $64 billion.
The Minister of Industry, Bandar Alkhorayef, is working with major U.S. firms like Lilac Solutions and Albemarle to acquire advanced lithium extraction technology.
The country is pioneering innovative extraction methods, including recovering lithium from oilfield brine and exploring the possibility of extracting it from seawater.
Saudi Arabia is making a significant and strategic move to position itself as a global leader in the lithium market. Read more
TRAVEL
✨Riyadh Metro Reaches 100 Million Passengers in First Nine Months
The Riyadh Metro has achieved a significant milestone, transporting 100 million passengers in just its first nine months of operation.
Key Takeaways:
The Riyadh Metro reached 100 million passengers in under nine months since its launch.
The Blue Line was the most popular, accounting for 46.5 million passengers.
The Red Line and Orange Line followed with 17 million and 12 million passengers, respectively.
The Riyadh Metro's rapid success in attracting 100 million passengers in its first nine months demonstrates its effectiveness as a modern, efficient, and sustainable urban transport solution. Read more
REAL ESTATE
✨ Saudi Arabia’s Housing Market Reaches $33 Billion in Deals in First Half of 2025
Saudi Arabia's housing market has shown impressive growth in the first half of 2025, with nearly $33 billion in deals, demonstrating strong investor confidence and a thriving economy.
Key Takeaways:
The housing market reached nearly $33 billion in deals in the first half of 2025.
Madinah was a top performer with a 49% increase in transaction values, and Jeddah saw a 28% jump.
Growth is fueled by Vision 2030 initiatives, a burgeoning mortgage market, and new legislative changes, such as the law allowing foreign property ownership from 2026.
The first half of 2025 has been a period of significant growth for Saudi Arabia's housing market, with a total value of almost $33 billion. Read more
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