Aecom, a leading global infrastructure leader, has been awarded the project management consultancy and engineering contract by Shomoul Holding Company for Phase Two of The Avenues-Riyadh, a transformative mixed-use development in North Riyadh City. This follows the successful delivery of Phase One of the project which comprises a shopping mall.

The Avenues aims to be one of the most prominent commercial and investment destinations in the Middle East, elevating Saudi Arabia’s position as a regional hub for business, innovation and lifestyle. Valued at over $4 billion, the project spans 1.87 million sq m of built-up area and 370,000 sq m of leasable area.

On completion, it will boast a luxury shopping mall and five mixed-use towers featuring hospitality, commercial and residential spaces. The Avenues-Riyadh is scheduled to open early next year.

On the contract win, Aecom Middle East and Africa CEO Hamed Zaghwa said: “We are honoured that Shomoul Holding Company has entrusted us to extend our key role on The Avenues-Riyadh.”

“This award is a testament to the transformational outcomes we are delivering for our clients across the Kingdom, and we are excited to shape a development that aligns with Vision 2030 and sets a new benchmark for mixed-use environments in the Middle East,” he stated.

Aecom Arabia CEO Jason Kroll said this appointment builds on the group’s track record of delivering complex, high-profile developments that shape the cities of tomorrow.

“Our integrated team brings deep regional experience, digital delivery capabilities and industry-leading expertise in sustainability, and we look forward to collaborating with our partners to bring this world-class destination to life,” stated Kroll.

As per the deal, Aecom will deploy advanced digital project management tools, data-driven dashboards and lean construction methodologies to optimise project tracking, enhance stakeholder communications, and proactively mitigate risks – setting new standards for project delivery in the region, he added.