Magnom Properties, a subsidiary of Saudi Arabia’s Rawabi Holding, announces a set of plans to develop a number of sustainable real estate projects across Saudi Arabia, in partnership with Adrian Smith + Gordon Gill Architecture and The Carbon Lab, Invest-Gate reports.

The new developments are set to be focused on the commercial and retail sectors and cater to sustainability best practices based on Saudi Arabia’s 2030 Vision.

Rawabi Holding signs a memorandum of understanding with Adrian Smith + Gordon Gill Architecture for the development of the new projects.

Under the MoU, Magnom Properties will adopt sustainable and advanced technologies in the planning, construction, and operations of the new futuristic developments.

Adrian Smith is an American architect. He designs world-class developments, including the UAE’s Burj Khalifa.

“Architecture has the unique power to positively influence society, and our work in the region is a telling example of how economic and environmental sustainability can co-exist in urban development,” Adrian Smith comments.

Chairman of Magnom Properties, Abdulaziz Al Turki, says: “We work under the goals of the Kingdom’s Vision 2030 whereby Saudi Arabia is driving collective commitment to creatively and responsibly meet future energy and climate challenges through a reliance on clean energy, offsetting carbon emissions and reshaping its cities through principles of sustainable architecture.”