137,000-square-metre project located in northern Riyadh
Local developers and Baseel Property Company have announced plans to build a SR1.2bn ($320m) shopping complex in Al-Nakheel, north of Riyadh.
The project will cover 137,000 square metres and will have a 650-metre façade. Construction is due to begin in 2016.
The open air shopping complex will include a boutique hotel, offices, recreational and cultural areas, and a walking area.
The two firms have formed Raj Real Estate to develop the project.
MEED reported in June that AlRajhi had purchased a $160m plot of land for the scheme.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.