Al Faisaliah District
Khalid Saud Abuhaimed, CEO, Al Khozama Investments
- Asset class
- Branded Residences, Mixed Use
- Where
- King Fahad Road, Riyadh, Saudi Arabia
- Stage
- In development
- What it is
- A mixed-use destination beside Al Faisaliah Tower, developed by Al Khozama with GFH Capital at a cost of around SAR 1.5bn. It brings branded apartments, hotel residences, Grade-A offices, retail and wellness together. Al Khozama is also behind The Mark in Al Ghadeer, whose 171-key Al Faisaliah Hotel includes 130 studio residences.
- The gap
- The partners want a new benchmark for integrated mixed-use development in Riyadh as it grows into a global capital.
- The answer
- Living, work, hospitality and wellness gathered around one of the city's landmark addresses, from the investment arm of the King Faisal Foundation.
SAR 1.5bnapproximate development cost, with GFH Capital
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