Touted to be one of Saudi Arabia’s biggest shopping Mall, and the first mega-scale mixed-use development of its kind in Saudi Arabia, housing retail stores from every category (luxury to everyday value), fine dining to casual dining, family entertainment, theme parks, snow park, a 4 and 5 star hotel and residential apartments and concepts.
Riyadh Festival City located in the Al-Diriyah district, bordered by the Wadi Hanifa, one of Riyadh’s greenest belts and designated a UNESCO World Heritage Site in 2010, literally 5km from King Saud University and 10km from King Abdullah financial district, offering a family and lifestyle destination for the local population and a global city attraction that can rival the best in the region.
The $1.6bn super-regional mall with a leasable GLA of 295,000 square meters will be anchored by one of the largest IKEA stores in the GCC and potentially one of the first cinemas in Saudi Arabia.
mSquared is providing retail consultancy and leasing services.
Developers: Al Futtaim Group
GLA: 295,000 sqft
Valued: $1.6 billion
Number of Stores: 850
Parking Bays: 9,500
Target Opening Date: IKEA - Q3 2017, Mall & Hotels - Q4 2019
Client: JV with Al Futtaim Group and Kayannat Real Estate Company
email: email@example.com or call: +971 (4) 379 0379
Shahram Shamsaee – Co-Founder & Partner
Geoffrey M. Smith, MSRE - Leasing Director