Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim said.
Valued at around $4.3 billion, the Riyadh North project will house over 600 retail stores, nine hotels and branded residences, as well as the flagship Mall of Saudi – an allude to MAF’s Mall of the Emirates (MOE) in Dubai.
It will also feature an indoor ski slope and snow park, just like the one in MOE, the retail developer said.
Mace will oversee planning, construction, commercial, and control management of the development, which spans nearly 1 million square meters of built-up-area.
“Saudi Arabia is already home to the largest retail market inn the GCC, and we are confident that Riyadh North and the Mall of Saudi will be a natural partner of choice for established and up-and-coming brands to make their debut,” Ahmed Gala Ismail, chief executive officer of MAF properties, said.
