The $4.6-billion Avenues – Riyadh extends across 390,000 sq m.
Avenues-Riyadh work approaches half-way mark
01 September 2024
WORK is forging ahead on the SR17.2 billion ($4.586 billion) The Avenues – Riyadh, a mega multi-purpose development with a built-up area of 1.8 million sq m in the north of Riyadh, which is expected to open in Q1 of 2026.
The project has reached 44.5 per cent completion, according to regional architecture and engineering firm Pace, the consultant on the project.
In addition, key procurement contracts have been signed for the electromechanical fit-outs. For instance, Schindler Group, a global provider of elevators, escalators and related services, has announced that its Saudi unit – Schindler Olayan – has won a major contract to supply a total of 293 elevators, escalators, and moving walks for the mega mall.
The Avenues – Riyadh extends across an area of 390,000 sq m. The development will house a plethora of hospitality, lifestyle, and entertainment venues, including three hotel towers, namely a Waldorf Astoria, Canopy by Hilton, and Conrad Hotel, a residential tower and an office tower with a parking lot accommodating more than 14,000 vehicles.
Furthermore, The Avenues - Riyadh is set to become one of the largest commercial malls in the Middle East, with a gross leasable area of around 370,000 sq m.
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