Construction company Mace has been appointed by shopping mall company Majid Al Futtaim to deliver the $4.3bn Riyadh North project in Dubai, UAE.
The scope of work under the contract involves planning, construction, commercial and control management of the Riyadh North scheme.
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The project, which spans nearly one million m2 of built-up-area, will feature nine hotels and branded residences with 2000 keys, more than 600 retail stores.
It will also include Mall of Saudi, an integrated lifestyle destination, as well as Ski Saudi, an indoor ski slope and snow park.
The mall will include more than 600 stores across 300,000m2 gross leasable area, luxury hotels and branded residences covering nearly 2,000 keys and on 214,000m2 of area.
Work on the project is expected to create more than 114,000 direct and indirect jobs.
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By GlobalDataMajid Al Futtaim Properties CEO Ahmed Galal Ismail said: “Saudi Arabia is already home to the largest retail market in the GCC and we are confident that Riyadh North and the Mall of Saudi will be a natural partner of choice for established and up-and-coming brands to make their debut, and a premium living and lifestyle community for residents of and visitors to Riyadh.
“With an existing solid base in Saudi Arabia, we are confident that our partnership with Mace will be a success.”
In June this year, the company awarded a four-year contract to global infrastructure firm AECOM to provide consultancy services for Mall of Saudi.
The Mall of Saudi will feature a Carrefour hypermarket, 31 VOX Cinema screens, the world’s largest IMAX, and a Magic Planet.
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Rendering of the Mall of Saudi project in Riyadh, Saudi Arabia. Credit: Majid Al Futtaim.
