Aecom, a leading global infrastructure leader, today (August 12) announced that it has been awarded the project management consultancy and engineering contract by Shomoul Holding Company for Phase II of The Avenues – Riyadh, a transformative mixed-use development in North Riyadh City, Saudi Arabia, following the successful delivery of the Phase I. 

 

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 1,870,000 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 towers featuring mixed-use functionalities such as 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.-TradeArabia News Service