Quwaieyah Mall in Riyadh ... Phase One has been opened.
Sico opens key phase of Riyadh mall
01 April 2019
Saudi Investment Company (Sico), a leading developer, owner and operator of shopping malls in Saudi Arabia, has announced the opening of Phase One of Quwaieyah Mall, the largest shopping destination in the Riyadh Region.
Located 170 km west of Riyadh City on the Riyadh-Makkah Highway, the sprawling 70,000-sq-m mall will be the first stop point for travellers on Makkah Highway, said Sico.
Built at an investment of SR75 million ($20 million), the Quwaieyah Mall has been designed using state-of-the-art retail space concepts for ease of shopping and display and offers a strategic mix of retail, F&B (food and beverages) and entertainment options.
The retail destination boasts a gross leasable area (GLA) of around 25,000 sq m, of which 65 per cent has been reserved for retail units, 20 per cent for entertainment and 15 per cent for F&B outlets, said Sico. It will also host the first cinema theatre in Al Quwaieyah City, Sparky’s entertainment zone by Al Hokair Group and will have an outdoor parking space for nearly 800 vehicles.
Upon completion of Phase Three, the mall will include a four-star hotel, in addition to a ‘bazaar’ that will organise about 40 exhibitions to promote local entrepreneurs.
As part of Sico’s expansion strategy, the company is developing five new malls in the country that range in size from 30,000 sq m to 100,000 sq m, which will double its GLA to 234,000 sq m once completed.
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