Majid Al Futtaim has appointed global consultancy and construction company Mace, to support the delivery of its Riyadh North development, including the integrated lifestyle destination, Mall of Saudi.
Reinforcing its commitment to the Kingdom and its contribution to Vision 2030, Majid Al Futtaim’s Riyadh North development is the fastest growing zone in the city and is already gathering pace.
Mace, which was appointed following a competitive regional tender process, has already mobilized its team and will oversee the entire Riyadh North development spanning nearly one million square meters of built-up area, including planning, construction, commercial and control management for the duration of the contract.
The $4.2 billion (SAR16 billion) master-planned Riyadh North project and Mall of Saudi is expected to house over 600 retail stores across a 300,000 m2 gross leasable area, nine hotels and branded residences with 2,000 keys, and Ski Saudi – the largest indoor ski slope and snow park in the Middle East.
Majid Al Futtaim’s Saudi project, which is expected to create more than 114,000 direct and indirect jobs once completed, covers nearly one million square meters of built-up area.
“The appointment of Mace as our project delivery partner marks an exciting step in our journey to bring Majid Al Futtaim’s Riyadh North development, including our anchor retail offering, Mall of Saudi, to the city,” said Ahmed Galal Ismail, CEO of Majid Al Futtaim – Properties.
The UAE-based conglomerate looks to break ground for the project later this year.
Saudi Arabia is already home to the largest retail market in the Gulf region, he added.
Jason Millett, CEO for Consultancy, Mace, said: “Mace’s consultancy business is growing rapidly in Saudi Arabia on the back of our extensive retail expertise. Supporting the delivery of Riyadh North and Mall of Saudi is an exciting step forward as we continue to push the boundaries on major program - and project delivery in the region.”
Majid Al Futtaim had previously announced the appointment of lead design consultant AECOM for pre- and post-contract construction supervision for Mall of Saudi, which will also feature a flagship Carrefour hypermarket and 31 VOX Cinema screens, including the world’s largest IMAX, and a Magic Planet.
