Page 58 - 203

The Avenues - Riyadh, Riyadh, Saudi Arabia Developer, Mabanee

commitment to being an active private sector participant in helping the number one mall in Jeddah for footfall and spend. The project is
the Kingdom achieve Vision 2030; The Red Sea Markets Company Ltd on course to feature 108,000sq m of GLA, more than 300 brands and
is now developing a distinguished multi-use destination in the Asir over 50 flagship sites, more than ten first to Jeddah brands, three food
Region specifically within the city of Abha on a 75,000sq m plot. The & beverage zones and world-class entertainment.
Point project is located west of Abha, 3.75km from Abha city centre on Opened back in February, Solitaire in Saudi Arabia presents visitors
King Fahd Expressway and 14 minutes away from Abha International with the ultimate shopping experience by featuring a wide range of
Airport. iconic luxury brands that offer unlimited shopping potential across
Al Othaim Investment, a diversified group spanning real estate, fashion, jewellery, watches, beauty and so much more. Developed by
entertainment, F&B, cinema, residential, hospitality, fashion and Al-Marqab Investment Company, Riyadh’s newest multi-use lifestyle
sports has achieved remarkable success with its launch of numerous destination consists of three aboveground levels of retail, food and
state-of-the-art development projects. The company has recently beverage, entertainment, wellness and sport offerings, as well as three
embarked on a new development strategy which will see them deliver levels of basement parking. Majestic wind towers mark the northern
23 new mixed-use developments in the next five years. One of the and southern points of the asset, serving as iconic landmarks you
projects currently in the works is Al Othaim Park Dammam, a devel- will see long before arriving at the destination. Intrinsically designed
opment that is located in a diverse area close to other residential, retail around the concept of the geode, the angular stone exterior evolves
and healthcare centres, on the main highway (King Fahad Road) and softens as you move inward through contrasting layers towards
from the airport to the city centre and on to the Causeway bridge. its centre. Within the city of Riyadh, Solitaire spans a GLA of over
A people-first lifestyle destination, it will offer access to green, tran- 65,000sq m, bordered by King Abdulaziz Rd, Al Imam Saud Ibn Faisal
quil spaces and be paired with an engaging retail offering of around Road and Al Thumamah Road.
150,000sq m of retail, F&B, sports and entertainment GLA. The retail Scheduled to open by Q4 2026, The Avenues - Riyadh is located
development will be the largest in the Eastern province and one of the at the heart of Saudi Arabia in the North of Riyadh City, in a prime
largest in the Kingdom with over 400 shops and restaurants spanning position overlooking the intersection of King Salman Road and King
over four levels. Annexed to the mall will be 650 residential units, 250 Fahad Bridge and extends across a total built up area of 1.8 mil -
five-star hotel keys and 50 commercial office units. lion square metres. Under development by Mabanee, the scheme is
On 4 May 2025, Cenomi Centers and Unibail-Rodamco-Westfield expected to become one of the most prominent investment and com-
(URW) signed a 10-year exclusive strategic and franchising part- mercial destinations in the Middle East with a gross leasable area of
nership agreement, with the option to extend for another 10 years, around 370,000sq m and will comprise a large mall and five towers.
covering the Saudi Arabian shopping centre market, demonstrat- The first tower will include offices, the second tower the Waldorf Asto-
ing Cenomi Centers’ unwavering commitment to strengthening its ria Hotel, the third tower residential apartments, the fourth tower the
leadership position in KSA and the MENA region. Through this new Canopy Hotel and the fifth tower the Conrad Hotel. The project will
partnership, at the end of this year, developer Cenomi Centers is set to also encompass parking space for 15,000 vehicles. As for the mall
launch Westfield Jeddah by Cenomi Centers, which will be a new flag component, it will include 19 cinema halls and nine districts: namely
-
ship development from the company and when it opens, it will become Grand Avenue, Prestige, Grand Plaza, The Forum, Electra, The Souk,
58 Retail & Leisure International November 2025