UAE’s developer, Majid Al Futtaim, announced in a statement that it has awarded a contract to global infrastructure consulting firm AECOM to provide lead consultancy services for its flagship Mall of Saudi development.
The duration of the contract is four-years.
AECOM’s contract will see the firm deliver Lead Design Consultancy for pre-contract and post contract construction supervision for Mall of Saudi which is expected to house over 600 stores across 300,000 m2 gross leasable area.
Mall of Saudi is envisaged as an integrated lifestyle destination that will host the largest ski slope and snow park in the Middle East, luxury hotels and branded residences covering approximately 2,000 keys and spanning 214,000 square meters of built-up area.
The Mall will feature a flagship Carrefour hypermarket and 31 VOX Cinema screens, including the world’s largest IMAX, and a Magic Planet. To date, leasing progress for the flagship retail space stands at approximately 50% of the gross leasable area for both issued and signed proposals, excluding Ski Saudi.
With the project set to break ground in Q4 this year, the announcement marks an important step in further delivering Majid Al Futtaim’s master-planned landmark mixed-use development, Riyadh North.
As the retail component of the SAR 16 billion Riyadh North development, Mall of Saudi reinforces Majid Al Futtaim’s long standing commitment to the Kingdom of Saudi Arabia and its contribution to Vision 2030. This commitment is exemplified through the creation of approximately 70,000 direct and indirect jobs during construction, and approximately 16,000 direct jobs during the operations of the multi-phase development, statement said.
