International Capital Selects King Salman Park, Riyadh
RIYADH, Saudi Arabia, March 11, 2026 /PRNewswire/ -- At MIPIM 2026, the King Salman Park Foundation announced the award of Package 5, selecting a consortium led by Kolaghassi Development Company to deliver a new residential-led mixed-use district within King Salman Park.
The development will be supported by a CMA-regulated investment fund managed by Mulkia Investment Company, with a total project value exceeding SAR 11 billion (USD 3 billion). The award confirms that the parties are currently progressing toward the finalization of definitive agreements.
The announcement forms part of the Foundation's wider real estate investment program. At MIPIM 2026, King Salman Park also announced investment packages worth more than USD 3.8 billion across multiple mixed-use districts, bringing the total committed investment to over SAR 20 billion across five major development packages.
International capital supporting Riyadh's growth
The development will be supported through a Saudi-domiciled CMA-regulated investment fund managed by Mulkia Investment Company, bringing together leading Saudi and international investors.
Under the structure, the King Salman Park Foundation will contribute the land, while private-sector partners and local banks will provide capital and development capabilities.
The investment highlights growing international confidence in King Salman Park as a globally investable urban destination, with international investors, globally experienced development partners, and significant financing commitments from local banks supporting the project.
A metro-connected mixed-use district
Under the proposed agreement, Kolaghassi Development Company will lead the development in partnership with:
- Al Othaim Investment, one of Saudi Arabia's established real estate investment groups
- RXR, a global real estate investor and operator with extensive experience in large-scale mixed-use urban developments
The district will feature a total built-up area exceeding 1 million square meters and will be located adjacent to the King Salman Park metro station, providing strong connectivity across Riyadh and within the park itself.
The development will be residential-led, spanning more than 400,000 square meters, and will include:
- Approximately 3,700 residential units
- A best-in-class K–12 school
- Around 300 hospitality keys
- More than 100,000 square meters of Grade A office space
- A wide variety of retail and dining offerings
The district will be delivered in line with international sustainability and wellbeing standards, targeting LEED and WELL Gold certification for key assets, with equivalent standards applied across the wider development.
Delivery momentum and future opportunities
King Salman Park continues to advance from planning to delivery, with significant progress across infrastructure works, public realm development, and cultural anchor assets.
To date, 93% of associated construction packages have been awarded, marking continued momentum as the project moves into its next development phase.
As infrastructure delivery advances and development interfaces become clearer, early participation in the project provides strong positioning within the Park's long-term urban hierarchy.
Executive statements
George Tanasijevich, CEO of King Salman Park Foundation, said:
"Securing investment of this scale, supported by international capital and expertise, is an important milestone for King Salman Park. It reflects confidence in the project's fundamentals and the Foundation's delivery framework. Our partners bring not only capital, but also experience and perspective that help raise standards and contribute to Riyadh's evolution as a global city."
He added that the Foundation looks forward to concluding the transaction with Kolaghassi Development Company and its partners Al Othaim Investment and RXR as the district moves toward delivery.
Ali Kolaghassi, Chairman and CEO of Kolaghassi Development Company, commented:
"This project represents a significant long-term commitment for Kolaghassi Development Company in Saudi Arabia. Working alongside the King Salman Park Foundation, we are taking full responsibility for delivering a complex residential-led mixed-use district at scale, drawing on our international development experience and embedding it within the Kingdom's evolving urban framework."
Sultan Al Hudaithi, Vice-Chairman and Managing Director of Mulkia Investment Company, added:
"King Salman Park represents a compelling opportunity to invest at scale in a project of global significance. The clarity of the Foundation's vision, the strength of the master plan, and Riyadh's long-term fundamentals were central to our investment decision. We see this development as a platform for sustained growth and long-term value creation."
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Global Investors Commit USD 3 Billion Fund to Develop Mixed-Use District at King Salman Park
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NEW YORK, March 11, 2026 /PRNewswire/ -- HelpMeSee, a global nonprofit organization dedicated to eliminating preventable cataract blindness, is featured in Healthier Together, a branded content series presented by the WHO Foundation.
The short film showcases how HelpMeSee is addressing the global cataract backlog by training cataract surgical skills through high-fidelity, simulation-based surgical education. The content was paid for by Cisco and produced by BBC StoryWorks Commercial Productions, the commercial content division of BBC Studios.
The film follows a cataract surgery patient in Mumbai, India, as well as a HelpMeSee instructor and the MSICS cataract surgeon she trained, who performed the procedure. The video highlights how simulation-based training prepares surgeons before they perform live surgeries, with the goal of expanding access to safe, high-quality cataract care in regions facing workforce shortages.
Cataracts remain one of the leading causes of blindness worldwide, with an estimated 100 million people affected by cataract blindness or moderate to severe visual impairment. While cataract surgery is widely recognized as an effective treatment, access to trained cataract surgeons remains limited in many low- and middle-income countries. The HelpMeSee training model focuses on preparing surgeons through standardized, instructor-led simulation practice before they operate on patients.
"Our mission is to eliminate preventable cataract blindness by increasing the number of highly trained surgeons worldwide," said Dr. Nicoletta Fynn-Thompson, Chief Medical Officer at HelpMeSee. "By strengthening surgical training, we aim to address the backlog of patients waiting for sight-restoring care."
The story also explores the role of data in surgical education. Splunk, a Cisco company, is one of the key technology systems used by HelpMeSee to support the development of new features, global deployment, and troubleshooting. Remote performance data collection and monitoring help refine instruction and improve learning outcomes.
Through ongoing expansion efforts in regions including India, Africa, and South America, HelpMeSee is working to increase access to high-quality cataract surgical training in areas where the need is greatest.
With the generous support of Dr. Nayana Potdar, Professor and Head of the Department of Ophthalmology, and Dr. Shailesh Mohite, Dean and Director of Medical Health and Medical Education at Topiwala National Medical College, BYL Nair Hospital in Mumbai, this film came to life.
Faculty leaders who pioneer and champion surgical simulation play a critical role in accelerating procedural proficiency, strengthening patient safety, and fostering a culture of continuous, deliberate practice. HelpMeSee values their leadership and the collaboration of partners worldwide as we expand access to data-driven surgical education.
The film is part of the Healthier Together series, presented by the WHO Foundation and produced by BBC StoryWorks Commercial Productions for Cisco.
To learn more about the HelpMeSee mission or to support surgical training initiatives, visit helpmesee.org.
Media Contact:
Amanda Kronberg
HelpMeSee, Director of Marketing
Pr@helpmesee.org
About HelpMeSee
In a world where 100 million people are blind or visually impaired due to cataract, HelpMeSee, a not-for-profit under IRS 501(c)(3), has a global mission to eradicate cataract blindness by increasing the training of Manual Small Incision Cataract Surgery (MSICS). This safe and relatively quick procedure delivers successful outcomes at a low cost. The HelpMeSee MSICS training system features high-fidelity, virtual reality simulation with haptic feedback, sophisticated courseware, learning management systems, and electronic learning aids.
HelpMeSee was founded by Al and Jim Ueltschi, who imagined building the MSICS training system by incorporating many of the methods and techniques used successfully in commercial pilot training. As co-founder of Orbis International and founder of FlightSafety International, Al Ueltschi was an icon in the aviation industry and was devoted to ending preventable blindness in the developing world. HelpMeSee trains high quality, very low cost MSICS to ensure that all communities have access to sight restoring affordable treatment. With more than 40 simulators and 15 training centers worldwide, HelpMeSee partners with governments, universities and innovators to fight the global cataract blindness crisis. For more information, visit http://www.helpmesee.org.
NEW YORK, March 11, 2026 /PRNewswire/ -- HelpMeSee, a global nonprofit organization dedicated to eliminating preventable cataract blindness, is featured in Healthier Together, a branded content series presented by the WHO Foundation.
The short film showcases how HelpMeSee is addressing the global cataract backlog by training cataract surgical skills through high-fidelity, simulation-based surgical education. The content was paid for by Cisco and produced by BBC StoryWorks Commercial Productions, the commercial content division of BBC Studios.
The film follows a cataract surgery patient in Mumbai, India, as well as a HelpMeSee instructor and the MSICS cataract surgeon she trained, who performed the procedure. The video highlights how simulation-based training prepares surgeons before they perform live surgeries, with the goal of expanding access to safe, high-quality cataract care in regions facing workforce shortages.
Cataracts remain one of the leading causes of blindness worldwide, with an estimated 100 million people affected by cataract blindness or moderate to severe visual impairment. While cataract surgery is widely recognized as an effective treatment, access to trained cataract surgeons remains limited in many low- and middle-income countries. The HelpMeSee training model focuses on preparing surgeons through standardized, instructor-led simulation practice before they operate on patients.
"Our mission is to eliminate preventable cataract blindness by increasing the number of highly trained surgeons worldwide," said Dr. Nicoletta Fynn-Thompson, Chief Medical Officer at HelpMeSee. "By strengthening surgical training, we aim to address the backlog of patients waiting for sight-restoring care."
The story also explores the role of data in surgical education. Splunk, a Cisco company, is one of the key technology systems used by HelpMeSee to support the development of new features, global deployment, and troubleshooting. Remote performance data collection and monitoring help refine instruction and improve learning outcomes.
Through ongoing expansion efforts in regions including India, Africa, and South America, HelpMeSee is working to increase access to high-quality cataract surgical training in areas where the need is greatest.
With the generous support of Dr. Nayana Potdar, Professor and Head of the Department of Ophthalmology, and Dr. Shailesh Mohite, Dean and Director of Medical Health and Medical Education at Topiwala National Medical College, BYL Nair Hospital in Mumbai, this film came to life.
Faculty leaders who pioneer and champion surgical simulation play a critical role in accelerating procedural proficiency, strengthening patient safety, and fostering a culture of continuous, deliberate practice. HelpMeSee values their leadership and the collaboration of partners worldwide as we expand access to data-driven surgical education.
The film is part of the Healthier Together series, presented by the WHO Foundation and produced by BBC StoryWorks Commercial Productions for Cisco.
To learn more about the HelpMeSee mission or to support surgical training initiatives, visit helpmesee.org.
Media Contact:
Amanda Kronberg
HelpMeSee, Director of Marketing
Pr@helpmesee.org
About HelpMeSee
In a world where 100 million people are blind or visually impaired due to cataract, HelpMeSee, a not-for-profit under IRS 501(c)(3), has a global mission to eradicate cataract blindness by increasing the training of Manual Small Incision Cataract Surgery (MSICS). This safe and relatively quick procedure delivers successful outcomes at a low cost. The HelpMeSee MSICS training system features high-fidelity, virtual reality simulation with haptic feedback, sophisticated courseware, learning management systems, and electronic learning aids.
HelpMeSee was founded by Al and Jim Ueltschi, who imagined building the MSICS training system by incorporating many of the methods and techniques used successfully in commercial pilot training. As co-founder of Orbis International and founder of FlightSafety International, Al Ueltschi was an icon in the aviation industry and was devoted to ending preventable blindness in the developing world. HelpMeSee trains high quality, very low cost MSICS to ensure that all communities have access to sight restoring affordable treatment. With more than 40 simulators and 15 training centers worldwide, HelpMeSee partners with governments, universities and innovators to fight the global cataract blindness crisis. For more information, visit http://www.helpmesee.org.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
HelpMeSee Featured in "Healthier Together," Presented by the WHO Foundation, Highlighting Efforts to Reduce Cataract Blindness Through Surgical Training
