The project is currently under design stage.
It is understood that the design works are still ongoing for the project.
Saudi Real Estate Construction Company (Tamear) has secured a SAR160 million ($42.6 million) contract for implementation of architectural and external, a key mixed-use project coming up in a major neighbourhood north of capital Riyadh. Located in the Al Malqa District, the project is characterised by a contemporary aesthetic with its dynamic curved shape and the engaging facade design enhancing transparency and connectivity with the surroundings. It has a built-up area of 54,769 sq m. The project scope includes implementation of civil, structural, architectural, electromechanical and external works. The entire contract work will be completed within a two-year period. A major mixed-use project for the capital, the development will boast a ground floor dedicated to retail spaces and food and beverage establishments; while the upper floors are allocated for offices and a wellness center and the two basement levels for parking and technical areas. Landscaped areas have been thoughtfully integrated into the design of communal spaces. Many entrances have been designed at all corners for pedestrian access connecting the project to nearby residential buildings and the adjacent mosque. The financial impact of the project will likely appear starting from the second quarter of 2024.
April
29
2024
Monday
LAST UPDATED
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