Riyadh, Saudi Arabia, August 12, 2025
News Summary
AECOM has been selected by Shomoul Holding as the project management consultant for The Avenues – Riyadh Phase II, a significant mixed-use development valued at over $4 billion. This phase, featuring a luxury shopping center and various mixed-use towers, aims to enhance the region’s appeal in business and innovation. With completion expected early next year, this project is aligned with Saudi Arabia’s Vision 2030 strategies, promoting economic diversification and growth.
AECOM Chosen as Consultant for Second Phase of The Avenues – Riyadh
AECOM has recently been chosen as the project management consultant and engineering firm for the second phase of The Avenues – Riyadh, a significant mixed-use development located in the heart of North Riyadh City, Saudi Arabia. This decision comes in light of the successful completion of the project’s first phase, which sets high expectations for its continuation.
The Avenues – Riyadh is part of a large-scale initiative aimed at elevating Saudi Arabia’s standing in business and innovation across the region. With a total project value exceeding $4 billion, this development is set to revolutionize the way business and leisure spaces interconnect in one of the Kingdom’s major urban centers.
Project Scope and Features
The development of The Avenues covers a vast area, featuring a total built-up space of 1,870,000 m² and a leasable area of 370,000 m². The project is designed to include a luxury shopping center, five towers, and a variety of mixed-use functionalities. These functionalities will serve different sectors including hospitality, commercial, and residential purposes, creating a vibrant community space in Riyadh.
Expected to open its doors in early 2024, The Avenues – Riyadh aims to set a new standard for mixed-use environments across the Middle East. Innovative designs and a comprehensive mix of services are planned to attract both local and international visitors alike.
Alignment with Saudi Vision 2030
Integrating with Saudi Arabia’s Vision 2030 objectives, AECOM’s involvement reflects a commitment to advancing the Kingdom’s aspirations for economic development and urban growth. The successful implementation of advanced digital project management tools and data-driven dashboards will enhance project tracking and stakeholder communications throughout the construction lifecycle.
Innovative Project Management Tools
AECOM plans to utilize lean construction methods as part of their management strategy. This approach not only increases efficiency in project delivery but also maximizes resource utilization, ensuring that timelines and budgets are followed closely. The application of these modern techniques signals a forward-thinking approach in managing large-scale constructions.
Global Expertise
AECOM’s selection for this role follows their recognition as a leading advisor and consultant on high-profile projects worldwide, including their recent appointment as the technical advisor for VicGrid in Australia. Such experiences build confidence in the capacity of AECOM to manage the complexities of high-profile developments such as The Avenues – Riyadh.
Through AECOM’s extensive global experience and specialized knowledge, the second phase of The Avenues is poised to improve the region’s infrastructure and boost economic activity, thereby supporting the broader goals of Saudi Arabia’s Vision 2030.
FAQ
What is The Avenues – Riyadh?
The Avenues – Riyadh is a mixed-use development project focused on enhancing the business ecosystem in Riyadh, Saudi Arabia, including shopping, hospitality, commercial, and residential spaces.
Who is the project management consultant for the development?
AECOM has been appointed as the project management consultant and engineer for the second phase of The Avenues – Riyadh.
When is The Avenues – Riyadh expected to open?
The development is expected to open early in 2024.
What is the total value of the project?
The total project value is over $4 billion.
What are the key features of The Avenues – Riyadh?
The key features include a luxury shopping center, five mixed-use towers for hospitality, residential, and commercial purposes, making it a vibrant city hub.
Deeper Dive: News & Info About This Topic
Additional Resources
- World Construction Network
- Wikipedia: Development of the economy of Saudi Arabia
- CIO
- Encyclopedia Britannica: Saudi Arabia
- EIN News
Author: Construction CA News
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