5. The Avenues Riyadh
The Avenues Riyadh is one of developer Shomoul’s projects in the kingdom. Following on The Avenues in Kuwait, the $3.46bn (SAR13bn) retail facility has a leasable area of 40ha, and overlooks King Salman Road and King Fahd Road.
In May, Italian contractor Salini Impregilo revealed it had been prequalified to work on Phase 1 of the project.
In a statement, Salini Impregilo revealed it was prequalified for The Avenues in Riyadh at an estimated value of $1bn (SAR3.75bn).
The Avenues Riyadh will consist of a number of towers that include a four- and a five-star hotel, residential apartments, offices, and parking for 18,000 vehicles. The facility will be divided across districts such as Prestige, Grand Avenue, The Souk, The Mall, Electra, Oasis, and Grand Plaza.
CallisonRTKL is working as the project’s lead designer. According to its website, the mall’s restaurants, boutiques, and major retailers are linked along a 600m air-conditioned retail “street” and a grand plaza, accompanying a three-storey feature tower with a 360º multimedia screen located at the heart of the mall.
ARTICLE CONTINUES ON NEXT PAGE