Work in full swing on $4 5bn Avenues Riyadh development tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Top Saudi developer Shomoul said it had achieved a major safety milestone at Avenues Riyadh by clocking 12 million safe hours. Spread over a 1.7 million sq m area, it will boast a mega mall, hotel properties as well as residential apartments and offices.
In the near future, Saudi Arabia's capital will be home to the Avenues Riyadh, an upcoming multi-purpose district. Situated in the north-western region of Riyadh, the urban area will be home to several businesses including international hotels, exhibitions, conference halls, residential apartments, offices, medical facilities, and a parking lot for over 14,000 vehicles.
Shomoul, a unit of Kuwait’s Mabanee Company has laid the foundation stone for the $3.73-billion Avenues Riyadh project. The project will boast hotels, residential apartments, medical clinics, offices and parking lots for about 15,000 vehicles.