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 to Lead Second Phase of The Avenues – Riyadh Project
AECOM has recently been selected by Shomoul Holding to serve as the project management consultant and engineer for the second phase of the ambitious Avenues – Riyadh project. This decision follows the successful completion of the first phase of this extensive mixed-use development located in North Riyadh City, Saudi Arabia.
The Avenues – Riyadh represents a significant investment of over $4 billion and aims to solidify Saudi Arabia’s position as a vital hub for business and innovation in the region. Covering an impressive total built-up area of 1,870,000 square meters, the project will offer a leasable area of 370,000 square meters. It is designed to accommodate a luxury shopping center, alongside five towers featuring mixed-use functionalities that include hospitality, commercial, and residential spaces.
Key Components of The Avenues – Riyadh
The project is not only expected to serve consumers but also to provide a platform for businesses looking to establish a presence in a thriving environment. With its anticipated opening in early next year, The Avenues – Riyadh has the potential to attract visitors from both local and international markets, enhancing the overall economic landscape of Saudi Arabia.
AECOM’s appointment as the project management consultant is significant, as it capitalizes on the company’s extensive experience in delivering complex and high-profile developments. The firm plans to implement advanced digital project management tools, employing data-driven dashboards and lean construction methods to optimize tracking and enhance communication among stakeholders involved in the project.
The vision behind this development aligns with Saudi Arabia’s Vision 2030, focusing on diversifying the economy, promoting innovation, and creating job opportunities in the non-oil sectors. Hamed Zaghw, AECOM’s CEO for the Middle East and Africa region, has acknowledged the responsibility bestowed upon AECOM and emphasized the alignment of the project with national goals.
A Global Perspective
In addition to its involvement with The Avenues – Riyadh, AECOM’s global consulting expertise is further evidenced by its recent appointment as the technical advisor and lead consultant for the VicGrid project in Australia. Such projects showcase AECOM’s capability to handle substantial assignments on an international scale.
The Avenues – Riyadh is poised to set a new benchmark for mixed-use environments within the Middle East. With its blend of shopping, hospitality, and residential offerings, the development could serve as a model for future projects in the region, driving economic growth and attracting new opportunities.
Conclusion
The joint efforts between AECOM and Shomoul Holding in the second phase of The Avenues – Riyadh are anticipated to deliver a project that not only meets the expectations of investors but also enriches the community and enhances Saudi Arabia’s business landscape.
Frequently Asked Questions
What is The Avenues – Riyadh project?
The Avenues – Riyadh is a mixed-use development project located in North Riyadh City, aiming to enhance Saudi Arabia’s business and innovation sectors.
Who is managing the Avenues – Riyadh project?
AECOM has been appointed as the project management consultant and engineer for the second phase of The Avenues – Riyadh.
What are the main features of The Avenues – Riyadh?
The project includes a luxury shopping center, five mixed-use towers for hospitality, commercial, and residential spaces, covering a total built-up area of 1,870,000 m².
When is The Avenues – Riyadh expected to open?
The Avenues – Riyadh is expected to be opened in early next year.
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 TX News
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