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Saudi Arabia’s revenue streams and promote clean energy technologies. On course to open by Q4 of 2027 by developer Mabanee, The Avenues
It will include a dedicated logistics zone and dry port to facilitate the - Khobar extends across a GLA of 175,000sq m, the project will encom-
movement of goods. pass eight districts, namely The Plaza, Grand Avenue, Town Square, The
London-listed Saudi real estate developer Dar Global has acquired a Souk, Electra, The Mall, Urban Walk and The Gardens, in addition to
28,800sq m plot in Jeddah to develop a $1bn mixed-use project with luxury exciting entertainment spaces and 10 cinemas, as well as two towers, the
residences, retail, offices and serviced apartments. The development will first tower will include the Canopy Hotel and the other will include offices
form a key addition to Jeddah’s transformation and supports Saudi Ara- and parking spaces that can accommodate more than 6,000 vehicles. The
bia’s Vision 2030, contributing to the Kingdom’s evolving urban landscape Avenues - Khobar will feature a modern and unique design that reflects
with internationally benchmarked design and architecture. The project the nature of the Eastern Province, including two towers, the first of which
is strategically located near Jeddah’s lifestyle and entertainment districts, is the Four Seasons and the second tower Hilton Canopy. The develop-
designed to enhance the city’s position as a hub for investment, business ment will include the best standards for preserving the environment and
and modern living. The project is set to become both a landmark address energy and includes the elements of sustainability in alignment with the
for the city and a gateway to the region’s future growth as an international Kingdom’s vision.
destination for living and investment. Umm Al Qura for Development & Construction, under the Public Invest -
On 4 May 2025, Cenomi Centers and Unibail-Rodamco-Westfield ment Fund, is the owner and developer of the Masar destination that works
(URW) signed a 10-year exclusive strategic and franchising partnership with a developmental vision to elevate the urban and investment landscape
agreement, with the option to extend for another 10 years, covering the of Makkah through pioneering the development of the destination and
Saudi Arabian shopping centre market, demonstrating Cenomi Centers’ exploring new avenues to help improve the quality of life for Makkah resi -
unwavering commitment to strengthening its leadership position in KSA dents, pilgrims and visitors. Extending over 1.2 million square metres and
and the MENA region. Through this new partnership, at the end of this with its strategic location at the centre of Makkah, Masar will be a distinctive
year, developer Cenomi Centers is set to launch Westfield Jeddah by Cenomi landmark, enhancing the quality of life of the people of Makkah and its
Centers, which will be a new flagship development from the company and guests through a diverse range of offerings that vary between hospitality,
when it opens, it will become the number one mall in Jeddah for footfall and mobility, retail, culture, entertainment and more.
spend. The project is on course to feature 108,000sq m of GLA, more than The Rua Al Madinah Project, in alignment with Saudi Vision 2030, aims
300 brands and over 50 flagship sites, more than ten first to Jeddah brands, to enhance the lifestyle and spiritual atmosphere for visitors to Al-Madi-
three food & beverage zones and world-class entertainment. nah Al-Munawarah. The project focuses on improving accommodation
The Jeddah Central project by developers Jeddah Central Development near the Prophet’s Mosque, offering top-tier hospitality and enhancing the
Company, a wholly-owned subsidiary of the Public Investment Fund quality of life and well-being of visitors. Its design is inspired by the city’s
stands out for its strategic location and distinctive space, situated on an heritage, highlighting its religious, cultural and historical importance.
area of 5.7 million square metres in the centre of Jeddah. The project The project also aims to create tens of thousands of job opportunities for
intends to establish a world destination, capitalising on Jeddah’s geo- local residents, prioritising Saudi talent. It includes integrated hospitality
graphical location on the Red Sea coast and proximity to Makkah and projects, cultural centres, retail stores and green spaces.
Madinah, popular year-round tourist and pilgrimage destinations. This The Hayat Mall by developer Alandalus Property is located on King
massive project will be implemented in three major phases, the first of Abdul-Aziz Road in a highly populated area which is home to a large
which will be completed by the end of 2027. At this point, the project will amount of commercial and architectural activity and is a main shopping
begin welcoming Jeddah residents and visitors from within and outside area for most of the local residents. Spread across an area of 150,000sq
the Kingdom. m, the mall is home to more than 400 shops on an area of 90,032sq m of
The Jeddah Economic Company has resumed construction on the GLA and parking spaces that can accommodate up to 2,458 cars. The
Jeddah Tower project, which will exceed 1,000m in height, making it idea behind this renovation was to create the best destination and best
the tallest building in the
world, surpassing Dubai’s
Burj Khalifa by over 172m.
The JEC has begun the bid -
ding process for contractors
to complete the structure,
with companies from
Saudi Arabia, South Korea,
China and other countries
invited to submit propos-
als, including potential
joint ventures. The Jeddah
Tower will be the focal
point of the Jeddah Eco-
nomic City development,
covering 1.5sq km. The
tower will feature luxury
residential units, offices,
hotels such as Four Seasons
and condominiums. It will
also include amenities like
shopping malls, restau-
rants, tennis courts and the Westfield Jeddah by Cenomi Centers, Saudi Arabia.
world’s highest observation Developer, Cenomi Centers and Unibail-Rodamco-Westfield (URW)
deck.

48 RETAIL & LEISURE INTERNATIONAL OCTOBER 2025