Strategic Partnership to Deliver Premium Residential Community Aligned with Vision 2030

Jeddah, Saudi Arabia – GRED, a leading Saudi real estate developer, has announced the signing of a comprehensive development agreement with Construction Supports CO. (CSC) to launch Riviera Residence, a landmark residential project poised to redefine modern living standards in Jeddah’s thriving real estate market.

The strategic partnership marks a significant milestone in GRED’s expansion across the Kingdom’s key urban centers, bringing the distinguished Riviera experience to Jeddah through a fully integrated residential community designed for contemporary Saudi families and discerning investors.

A New Standard in Urban Living

Riviera Residence represents an extension of GRED’s proven track record in developing lifestyle-first communities that place resident wellbeing at the heart of architectural design. Located in the prestigious Al Hamra district, the project will deliver 244 elegantly designed apartments featuring modern specifications, comprehensive amenities, and a community-centric approach that reflects evolving Saudi lifestyles.

“This partnership with CSC represents our commitment to delivering projects that don’t just meet market demand, but anticipate the future needs of Saudi families,” said a GRED spokesperson. “Riviera Residence embodies our belief that real estate development is about creating environments where people thrive, not just structures where they reside.”

Strategic Partnership for Excellence

The collaboration with Construction Supports CO. brings together GRED’s visionary development approach with CSC’s established expertise in delivering high-quality construction projects across the Kingdom. This synergy ensures that Riviera Residence will be executed to the highest standards of quality, sustainability, and innovation.

The project features world-class architectural design that harmonizes refined aesthetics with functional living spaces. Residents will benefit from integrated smart home systems, premium amenities including fitness facilities, swimming pools, multipurpose halls, and landscaped gardens, all within a secure, gated environment that prioritizes privacy and community connection.

Enriching Jeddah’s Real Estate Landscape

Riviera Residence arrives at a pivotal moment in Jeddah’s urban transformation, responding to growing demand for premium residential communities that offer both quality of life and strong investment potential. The project’s prime location provides residents with seamless access to the city’s commercial, educational, and leisure destinations while maintaining the tranquility essential for family living.

Beyond offering exceptional homes, Riviera Residence delivers compelling investment value in one of the Kingdom’s fastest-growing markets. The development is strategically positioned to benefit from Jeddah’s continued urban expansion and the city’s role as a key economic hub within Saudi Arabia’s ambitious Vision 2030 framework.

Vision 2030 Alignment

The signing ceremony underscores GRED’s alignment with Saudi Vision 2030’s objectives of elevating quality of life standards, supporting sustainable urban development, and creating diverse investment opportunities within the Kingdom’s real estate sector.

“Every project we undertake is designed with Vision 2030 in mind,” the spokesperson added. “We’re not just building for today’s market, we’re creating communities that will serve Saudi families for generations while contributing meaningfully to the Kingdom’s economic transformation.”

Looking Ahead

The Riviera Residence development is expected to commence construction in the coming months, with delivery timelines to be announced as the project advances through its development phases. The signing with CSC follows GRED’s successful delivery of multiple projects across Saudi Arabia’s major cities, including the Riviera Waterfront in Khobar and ongoing developments in Dammam.

As part of its broader pipeline, GRED continues to develop integrated residential and mixed-use communities across Jeddah, Khobar, and Dammam, with a total portfolio exceeding 1,700 residential units and significant commercial space currently under development.

About GRED

GRED is a Saudi real estate development company operating under Al Ghazzawi Group, offering a modern vision for urban growth across the Kingdom. The company specializes in developing fully integrated communities that place lifestyle at the heart of architectural thinking, spanning residential, mixed-use, and commercial spaces. With a human-first approach and investment-led mindset, GRED is driving meaningful transformation in Saudi Arabia’s real estate landscape.

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Email: info@gred.sa
Website: www.gred.sa