Saudi’s Al Khozama Management Company has awarded a renovation contract to global contractor Salini Impregilo for the $293m Al Faisaliah District Redevelopment Project in Riyadh.
The project will include the $53m (SR200m) refurbishment of the Al Faisaliah Mall as well as the construction of a five-star Al Khozama Hotel and subterranean parking systems, according to a report by Arab News.
Abdulaziz S. Al-Habib, president and CEO of Al Khozama Management Company, said: “We are very excited to begin this substantial redevelopment project with the introduction of the innovative designs of the new Al Faisaliah Mall to the Riyadh retail landscape.”
Designed by architects Gensler, the redevelopment of the mall will add 6,000sqm of additional space and will include the latest in smart retail technology.
Pietro Salini, CEO of Salini Impregilo, said: “We are honored to be awarded this contract. Our aspiration as a global organization is to develop projects that serve as a catalyst for growth in their respective communities and contribute to the economic and social development of those communities.
“The Al Faisaliah Mall renovation and the overall Al Faisaliah District Redevelopment project is representative of the kind of projects that inspire our continued passion for excellence.”