Arabian Centres, the largest owner, developer and operator of contemporary lifestyle centres in Saudi Arabia, has announced that work is moving at a steady pace on its key retail destinations – Jawharat Al Riyadh and Jawharat Jeddah – in the kingdom.
While the Riyadh project is due for launch in the first half of 2025, the Jeddah facility is set to be operational in 2024. Arabian Centres have said that they are bringing to life two new locations – Jawharat Al-Riyadh and Jawharat Jeddah – collectively bringing more than 235,600sq m of GLA.
Work on the Riyadh mall began in August last year and is currently approaching 15 per cent completion. Strategically located near several key capital city landmarks, including the Diplomatic Quarter and Diriyah Gate, the mall is being built at a total investment of nearly SR1.8bn. Given the project’s excellent location, the company’s leasing department has already received an expression of interest from brands, accounting for around 70 per cent of the approximate 148,400sq m leasable area. Once operational, the mall is expected to create around 7,000 jobs, it stated.
In parallel, SR1.1bn Jawharat Jeddah Mall’s construction currently stands at 14 per cent completion, with an equally advantageous location near King Abdulaziz International Airport and the Jeddah Yacht Club, located on the Jeddah Corniche. A total of 70 per cent of the leasable area has also already received letters of interest from potential tenants, covering an area of approximately 87,200sq m total leasable area. Once operational, the mall is expected to create some 5,000 jobs, stated the developer.
