The Avenues Riyadh is mixed-use development which will be constructed on a site approximately 390,000 square meters in area and is located at the entry point of the capital city. The overall cost of the project stands at $1.9 billion.
The Avenues – Riyadh is a vital project that will contribute to the economic development of the region by creating 40,000 jobs and will play a significant role in promoting the Kingdom as a tourist destination, and enhancing the retail sector in Saudi Arabia.
The project’s leasable area is 400,000 sq.m. and the buildup area is more than 1.4 million sq.m., which will make it one of the largest shopping and leisure destinations in the world. The project includes multiple districts such as Prestige, Grand Avenue, The Souk, The Mall, Electra, Oasis, and Grand Plaza. The Avenues – Riyadh will include four hotels operated by Hilton, including a 350-room Waldorf Astoria, a 400-room Conrad, a 450-room Hilton Garden Inn, as well as a 150-room Canopy by Hilton, the first of Hilton’s lifestyle Canopy by Hilton brand in the Middle East.