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 Takes Lead as Project Manager for The Avenues – Riyadh Phase II
The construction and design firm AECOM has been chosen by Shomoul Holding to serve as the project management consultant and engineer for the second phase of The Avenues – Riyadh. This significant mixed-use development, located in North Riyadh City, Saudi Arabia, builds on the previous success of Phase I.
Valued at over $4 billion, the second phase is set to enhance the region’s status in both the business and innovation sectors. The project boasts an impressive total built-up area of 1,870,000 m² and a leasable area of 370,000 m².
A New Era in Development
The Avenues – Riyadh will feature a luxurious shopping center alongside five towers designed for mixed-use, including spaces for hospitality, commercial use, and residential apartments. The project is expected to open its doors to the public early next year, making it a timely addition to the city’s growing business landscape.
With the fulfillment of Phase I behind them, Shomoul Holding will rely on AECOM’s expertise to continue developing a project that aims to set a new benchmark for mixed-use environments in the Middle East. The initiative aligns closely with Saudi Arabia’s Vision 2030, which promotes substantial economic growth and diversification across various sectors.
Innovative Strategies and Tools
AECOM is set to leverage advanced digital project management tools, including data-driven dashboards and lean construction methods, to ensure that project tracking is precise and stakeholder communications are enhanced. This innovative approach aims to streamline processes and ensure that the second phase operates efficiently and effectively.
In addition to its recent role in The Avenues – Riyadh, AECOM has demonstrated its global consulting expertise through appointments like serving as the technical advisor and lead consultant for VicGrid in Australia this June. This further underscores AECOM’s capability in managing high-profile developments that demand meticulous oversight.
Impact on Saudi Arabia’s Business Landscape
The Avenues – Riyadh is poised to significantly contribute to Saudi Arabia’s regional economic landscape. By incorporating a mix of commercial, residential, and hospitality spaces, the project aims to attract both local and international businesses, enhancing the area’s appeal and further stimulating economic activities. This growth aligns with the overarching objectives of Vision 2030, promoting a more diversified and resilient economy in the Kingdom.
Conclusion
The selection of AECOM as the project management consultant for the second phase of The Avenues – Riyadh marks a pivotal moment in the development’s trajectory. With an ambitious plan that aims to transform not just a physical location, but also to create a thriving mixed-use community, this project is set to become a centerpiece of North Riyadh, benefiting many sectors of the economy.
FAQ Section
What is The Avenues – Riyadh project?
The Avenues – Riyadh is a mixed-use development located in North Riyadh City, Saudi Arabia, featuring a luxury shopping center and five mixed-use towers.
What is the total value of the project?
The total value of The Avenues – Riyadh is over $4 billion.
What will The Avenues – Riyadh include?
The project includes a luxury shopping center, residential spaces, commercial units, and hospitality services.
When is the project expected to open?
The Avenues – Riyadh is expected to open early next year.
What is AECOM’s role in the project?
AECOM has been appointed as the project management consultant and engineer for the second phase of The Avenues – Riyadh.
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 FL News
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