Shomoul Holding, a leading real estate and investment company in the Kingdom of Saudi Arabia and a unit of Kuwaiti developer Mabanee, said it had achieved a major safety milestone at The Avenues Riyadh project site by clocking 12 million safe hours. 

 

The site is located in the north-western region of Riyadh and is bound by King Salman Road toward the North and King Fahad Road toward the East. The Avenues Riyadh will include one of the world’s largest malls, as well as five multi-purpose towers consisting of hotels, exhibitions, conference halls, residential apartments, offices and medical facilities. 

 

The luxury shopping mall will be home to more than 1,300 outlets and 15,000+ capacity carpark, substations, landscape and external works.

 

Phase One of The Avenues Riyadh project is being handled by Nesma and Partners Contracting.

 

Last year it had inked a deal with Saudi British Bank to secure SR2.6 billion ($690 million) in funding for the construction of The Avenues Riyadh shopping mall project.

 

The current phase comprises a shopping centre with two basement levels for vehicles. Above the shopping centre, there will be five towers - an office building, 5 Star Hotel + Serviced Apartments Tower, Branded Residence/Boutique Hotel Tower, 3 star+ 4Star + Clinics Tower and  Convention Hotel Tower.-TradeArabia News Service