News tagged "Festival city"

Festival City, Saudi's largest mall to be constructed at a cost of US$ 1.6 bn

Festival City, Saudi's largest mall to be constructed at a cost of US$ 1.6 bn

5th July 2014

Following the signing of a memorandum of understanding (MoU) by Dubai-based Al Futtaim group, a leading diversified conglomerate, with Riyadh-based Kayannat Real Estate Company to build the SR 6 billion (US$ 1.6 billion)  construction is likely to be begin on what is touted to be Saudi Arabia's biggest shopping mall-Al Diriyah Festival City.[..]

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Al Futtaim Group signs deal to build US$1.6 Billion Festival City in Saudi Arabia

2nd June 2014

Dubai-based Al Futtaim Group signed a memorandum of understanding (MoU) with Riyadh’s Kayannat Real Estate to build Al Diriyah Festival City- the largest shopping mall in Saudi Arabia. The shopping mall will have 250,000 square metres of gross leasable area (GLA) and will be located at the Al Diriyah district in Riyadh near King Saud University and King Abdullah Financial district, the group said in a statement.[..]

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GCC/ALEC JV bags Doha Festival City $453mn contract

26th May 2014

Bawabat Al Shamal Real Estate Company (BASREC), owner of Doha Festival City  awarded a $453mn construction contract to a joint venture of Gulf Contracting Company (GCC) with ALEC for the main works package, the company said in a statement.  The main works contract is due to start in July 2014. The mall is scheduled to open in the third quarter of 2016. It will house 550 outlets including 85 restaurants and cafes, the country's first-of-its-kind Entertainment Zone which will include VOX Cinemas and a snow park, and will feature around 8,000 parking spaces.[..]

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