Saudi Arabia’s Abdullah Al-Othaim Investment Company has announced a $1.9bn entertainment development in Riyadh.
The Konoz Box of Treasures project is named after a diverse array of gemstones embodied in the project’s architecture. Konoz Box of Treasures includes 50,000sq m of state-of-the-art commercial office spaces and a 20,000sq m entertainment city aimed at supporting Riyadh’s developing tourism and entertainment industry.
In addition to its commercial spaces, the Konoz project features 15,000sq m of green areas, parking for 5,500 vehicles, a 120,000sq m commercial centre, a luxury hotel with 250 rooms, 120 serviced residential apartments, and an additional 135,000sq m residential apartment complex which includes 700 apartments.
Abdullah bin Saleh Al-Othaim, Chairman of the Board of Directors of the Abdullah Al-Othaim Investment Company, said that the Konoz project underscores the company’s expansion strategy to solidify its status as a leader in large-scale development initiatives.
