3 July 2013
Faithful+Gould has secured a contract with Majid Al Futtaim Properties to work on the development of a new super-regional mall in Riyadh, Saudi Arabia.
Currently scheduled for completion in 2018, with a working name of North Riyadh, the super-regional classification means the mall will be finished with more than 150,000m2 of gross leasable area, Faithful+Gould said.
"It will be bigger than any [other mall] in Riyadh," said Lionel Dore, Faithful+Gould’s retail regional director. "It’s a very large retail-led scheme, with a hotel and a unique leisure offer. It’s looking fantastic on paper. It will really enliven that market."
Mr Dore said the first tenders for the North Riyadh mall project are expected to be released in the first quarter of 2015.
Campbell Gray, the firm’s Middle East managing director, said the mall project "comes at a time when we are looking to expand around the region and retail continues to offer a fertile area for development."