Page 45 - March 2023 #179

AZAD PROPERTIES LAUNCHED provides seven

ONE OF THE MOST IMPORTANT

PIONEERING PROJECTS IN JEDDAH

Souq7

main activities distributed over
seven different main zones harmoniously.
At the forefront of these commercial activities are F&B,
furnishings, home and electronic appliances, fashion, a gold
market and a heritage market that carries the fragrance
of the past. Souq7 is located in the city of Jeddah and is
renowned for its expansive complex of cafes, restaurants,
entertainment, a cinema and 5 platforms for hosting
events and entertainment activities. The area spans over
50,000 square meters and also includes a hotel, health
clinics and commercial offices. Moreover, Souq7 offers
a wide selection of automotive and building materials
activities in a modern, efficient manner that meets the
requirements of both individuals and families, bringing a It is worth noting that the rental rate reached 70% of
unique atmosphere to the overall environment. the total rental space and among the most important
commercial names that signed agreements with Fitness
Time in the multi-use area, Masdar Company in the
building materials area, noting that the work is still based
The idea of on attracting many other distinctive brands to meet the
needs of visitors and visitors to Souq7.
Souq 7 is based Briefly touching on the remaining stages of Souq 7
that are about to complete the joy of market visitors,
on filling the we find them in optimistic ratios and numbers, as the
development rate for the first phase (the home and
electronics zones) reached 100% and the development
growing market rate in the car area reached more than 40% and the
development rate In the fashion zone, more than 29%,
as for the building materials zone, the percentage
gap, the demand reached 15% and 10% in the F&B zone.

Last but not least, Azad has developed this huge project
from consumers with infrastructure according to the highest international
standards on an area of more than 700,000 square meters
with a rental area of more than 400,000 square meters,
for multi-use hosting more than 4,000 various stores distributed over
114 buildings, at an estimated cost of 1.5 billion. Saudi
open markets Riyal, aims to achieve annual retail sales of more than
2 billion Saudi riyals and to create more than 24,000
jobs for Saudi Arabia’s young men and women, with the
aim of joining and contributing to the Saudi economy’s
march towards a promising vision.

Azad Properties is keen to operate Souq7 using the latest The Souq 7 project comes within a series of pioneering
administrative and technological methods, by providing a projects that Azad properties intend to launch with a
central control room for the entire project and providing modern, distinguished and innovative character, inspired
smart monitoring systems to identify individuals and by the ambitious vision of His Highness the Crown Prince
behicles and monitor internal traffic. Smart gates will for our beloved Kingdom 2030 in providing everything
also be used to help regulate traffic, which will be linked that serves its residents and visitors and enriches the
to the systems, government security and the provision quality of life.
of environmentally friendly and energy-saving systems. www.azad.com.sa