Salini Impregilo has won a $300-million contract from Al Khozama Management Company, the leading developer and manager of luxury, hospitality, retail and commercial properties in the Kingdom of Saudi Arabia, to renovate the Al Faisaliah District in the capital, Riyadh.

The contract – known as the Al Faisaliah District Redevelopment Project – will start with a $53-million refurbishment of the renowned Al Faisaliah Mall, home to some of the world’s leading designer brands. It will see the demolition of the adjacent Seyahiah and Al Khozama Centre buildings to make way for an extension of the Mall and the construction of a five-star hotel and accompanying underground parking.

The Mall will be remodeled and upgraded in phases, ensuring that it remains open throughout the 16-month period of work. The Mall extension will have 16,000 square metres of additional space, creating the longest street retail façade in Riyadh. Together with the new Al Khozama Hotel, it will have a prominent presence on Olaya Road in the city’s central business district.

The entire project is scheduled to be completed in three years.

“We are honored to be awarded this contract, which will greatly improve the Mall’s presence in Riyadh’s central business district and elevate its already peerless standing in the region,” says Pietro Salini, Chief Executive of Salini Impregilo. “Our aspiration as a global company is to develop projects that serve as a catalyst for growth in their respective communities, contributing to their social and economic development. Riyadh is a vibrant city and we are always ready to help it prepare for a prosperous future. This project, the Al Faisaliah Mall renovation and the overall Al Faisaliah District Redevelopment, not only confirms our passion for excellence but also Riyadh’s role as a dynamic hub, setting the standard for the entire region.”

“We are very excited to begin this substantial redevelopment project with the introduction of the innovative designs of the new Al Faisaliah Mall to the Riyadh retail landscape,” says Abdulaziz S Al Habib, President and Chief Executive Officer of Al Khozama Management Company. “We come from a proud legacy of leaders and innovators in property development, tourism and hospitality. We, as much as our stakeholders, aim to continually raise the standards of the luxury retail, commercial and hospitality industry and we believe that with the new redevelopment of the Al Faisaliah District, we will accomplish that. Salini Impregilo is a globally renowned name in the construction sector and we are delighted to be working with them to help us deliver on our promise.”

Salini Impregilo has a long presence in Saudi Arabia, and it has been participating in the construction of the longest line (42 kilometres) of the Riyadh Metro Project.