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Construction work kicks off on $3.7bn Avenues mall in Riyadh

RIYADH: Saudi Shomoul Holding Co. broke ground on Sunday Feb. 6 for the construction of the SR14 billion ($3.7 billion) Avenues-Riyadh mall.

The project will have a land area of 390,000 square meters, a rental area of 400,000 square meters, and a total building area of 1.8 million square meters, Saudi Press Agency reported, citing Shomoul Chairman, Mohammed Al-Shaya.

The project will include international hotels, residential apartments, medical clinics, offices and parking spaces for about 15,000 vehicles, Al-Shaya said.

He pointed out using sustainable elements and the project’s design obtaining the Leadership in Energy and Environmental Design (LEED) certification by the American Green Building Council.

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