logo
OSUS invests over SAR 2 billion in flagship "OSUS EYE" Project to transform urban living in Riyadh

OSUS invests over SAR 2 billion in flagship "OSUS EYE" Project to transform urban living in Riyadh

Arab News25-05-2025
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.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Eastern Province Governor launches master plans for three airports
Eastern Province Governor launches master plans for three airports

Argaam

time13 minutes ago

  • Argaam

Eastern Province Governor launches master plans for three airports

Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, unveils today, July 20, the master plan for King Fahd International Airport, along with its new corporate identity. This is in addition to launching the master plans for the airports of Al-Ahsa and Al-Qaisumah. The Prince also rolls out the strategic plan for Dammam Airports and inaugurates a package of integrated development projects with a total value exceeding SAR 1.6 billion. The package includes the execution of 77 development projects aimed at upgrading infrastructure and enhancing the passenger experience, in line with Saudi Arabia's Vision 2030 goals for the aviation sector.

Arab Sea signs contract with KAU hospital
Arab Sea signs contract with KAU hospital

Argaam

time13 minutes ago

  • Argaam

Arab Sea signs contract with KAU hospital

Logo of Arab Sea Information Systems Co. Arab Sea Information Systems Co. signed a contract on July 18 with King Abdulaziz University (KAU) Hospital for the managed services project to operate the computer. In a Tadawul statement, the company said the contract is valued at SAR 17.24 million, including value-added tax (VAT). The financial impact will be reflected in the financial statements from 2025 to 2028, Arab Sea said, noting that there are no related parties in the deal. According to data available with Argaam, Arab Sea received a notice from KAU Hospital for this 36-month project award.

Startup Wrap: Early stage funding continues to attract investors in MENA
Startup Wrap: Early stage funding continues to attract investors in MENA

Arab News

time10 hours ago

  • Arab News

Startup Wrap: Early stage funding continues to attract investors in MENA

RIYADH: Startups across the Middle East and North Africa witnessed multiple funding rounds throughout the past week, as firms across a range of industries seek geographical expansion. The moves come in the light of a new report from regional venture platform MAGNiTT showing Saudi Arabia led funding activity in the region in the first half of 2025, raising $860 million — a 116 percent annual jump — backed by sovereign support and foreign interest. The report added that the Kingdom also witnessed 114 deals in the first half of the year, marking a significant 31 percent rise compared to the same period in 2024. secures $1.5 million in pre-seed round a Saudi Arabia-based conversational AI startup, raised $1.5 million in a pre-seed funding round, from a syndicate of angel investors from the Kingdom. The funding will be used to accelerate the company's product development, as well as expanding its operations in the region. Headquartered in Riyadh, the firm aims to develop interactive Arabic AI agents that can listen, act, and integrate across systems. 'We're building Arabic-first, human-level AI to transform customer engagement,' the company said in a statement. Yasmina closes $2 million seed round Saudi Arabia-based Yasmina, an embedded insurance platform, has secured $2 million in seed funding to expand insurance tech across the Middle East and North Africa. The concept of so called insurtech refers to transforming and modernizing the traditional insurance sector, revolutionizing how policies are created, underwritten, and managed. It also promotes greater customer engagement by offering personalized insurance products based on individual risk profiles and lifestyle choices. Yasmina's seed funding round was led by Scene Holding and co-led by Access Bridge Ventures, with participation from Arzan VC and Sanabil Investment Accelerator by 500 MENA. The financing will be used to expand the team and explore opportunities in other regions, with the company planning to launch operations in the UAE later this year and in Egypt by 2026. 'This round is a strong vote of confidence in our vision to simplify insurance across digital touchpoints. We're proud to be the first embedded insurance platform in Saudi Arabia, and this funding will help us scale faster, serve more partners, and redefine how protection is offered in the region,' said Masoud Alhelou, CEO and co-founder of Yasmina. Egypt's PALM raises 7-figure funding PALM, an Egypt-based fintech startup offering incentivized goal-based saving, has closed its pre-seed seven-figure funding round, led by 4DX Ventures with participation from Plus VC and several international angel investors. In a press statement, the company said that the funding will be used to focus on accelerating user acquisition, expanding its product use cases, and strengthening its network of strategic partners. 'We're incredibly grateful to our investors for their trust and belief in PALM's vision. Their support empowers us to accelerate our mission of transforming how Egyptians save and achieve their life goals,' said Mazen El-Kerdany, co-founder and CEO of PALM. He added: 'We launched PALM to help Egyptians take control of their financial future by turning gradual saving into a smarter, more rewarding habit.' PALM is a goal-based saving company that offers personalized saving experience to help users achieve their various goals of life, whether to fund basic needs such as education and healthcare, or afford their funding needs for travel, home appliances and electronics. Ahmed Ashour, co-founder of PALM, said: 'We will offer Egyptians a modern saving experience that caters to their lifestyle needs, aligns with their interests, and helps them along their financial journeys regardless of their income levels or assets.' Morocco's Ora Technologies raises $7.5 million Ora Technologies, a Morocco-based super app, has raised $7.5 million in a series A funding round, led by Azur Innovation Fund and a group of local investors. Through the funding, the company aims to expand its delivery network and strengthen the firm's logistics capability. It will be also used to grow its user base, expansion into new regions, as well as accelerating the adoption of its digital payment solution. 'This is more than funding, it is proof that Morocco is ready to back innovation made by and for its people,' said Omar Alami, founder and CEO of Ora Technologies. Founded in 2023, the app offers multiple features, including an e-commerce platform, on-demand services, chat functionality, social networking, and a digital platform which is expected to be launched soon. Telr partners with Peko to support business setup in UAE Telr, a digital payment gateway and financial solutions provider based in Dubai, has partnered with fintech firm Peko to launch Telr Incepta, a platform aimed at supporting business setup and operations in the UAE. According to a press statement, Telr Incepta is expected to empower small- and mid-sized businesses with advanced tools that transform the way businesses manage their finances and operations. With over 50 business services, Telr Incepta centralizes essential functions, from enabling investors and entrepreneurs to set up their new companies in the UAE to helping companies streamline operations, manage expenses, and gain full financial visibility. 'At Telr, our mission has always been to simplify digital commerce and equip entrepreneurs with everything they need to succeed,' said Khalil Alami, founder and CEO of Telr. He added: 'With Telr Incepta, we're taking that mission even further. From secure payments to setting up your business in the UAE to smart business tools, we're proud to be the one-stop shop for the UAE's e-commerce ecosystem.' The platform also offers other features including bill payments, human resources tools, corporate travel arrangements, eSIM services, software subscriptions, license renewals, as well as, WhatsApp for Business integration, and automated financial reporting. Kashif Khan, founder and CEO of Peko said: 'From setting up a company to managing payments, controlling expenses, and streamlining operations, we're empowering founders with world-class tools to build boldly from day one.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store