Saudi Investment Company (SICO), a developer, owner and operator of shopping malls in Saudi Arabia, has announced the opening of the first phase of Quwaieyah Mall in Al-Quwayiyah. It is the largest mall in the Riyadh region.
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SICO managing director Al-Shathri said: “We are delighted to open our ninth mall in Saudi Arabia. Visitors and shoppers will be greeted with an excellent mix of retail, entertainment and leisure facilities.
The mall is expected to generate 450 job opportunities for Saudi men and women, he said.
The opening ceremony was attended by Musaed Al-Salem, governor of Al-Quwayiyah region; Fahad Al-Shathri, chairman and managing director of SICO; Dr. Bandar Talaat Hamooh, CEO of Panda Retail Company; Fahimul Islam and Mohammad Anas Abbasi from Redtag, along with a number of government officials and prominent figures from the region.
SICO invested SR75 million ($20 million) to build and design the mall using state-of-the-art retail space concepts, featuring a mix of retail, F&B (food and beverage) and entertainment options.
The mall will have a gross leasable area (GLA) of around 25,000 square meters, with 65 percent of space reserved for retail units, 20 percent for entertainment and 15 percent for F&B outlets.
The mall will host the first cinema theater in Al-Quwayiyah, a Sparky’s entertainment zone by Al-Hokair Group and will have an outdoor parking space for nearly 800 vehicles.
Upon the completion of the third phase, the mall will include a four-star hotel, in addition to a “bazaar” that will organize around 40 exhibitions to promote local entrepreneurs.
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