AECOM announced today its appointment by Shomoul Holding Company as the Project Management Consultant (PMC) and engineer for Phase II of The Avenues - Riyadh. This transformative mixed-use development is located in North Riyadh City, Saudi Arabia.
The project, valued at over $4 billion, spans 1,870,000 square meters of built-up area and 370,000 square meters of leasable area. It will include a luxury shopping mall and five towers featuring hospitality, commercial, and residential spaces, with an opening scheduled for early 2026.
This award builds on AECOM’s track record of delivering complex, high-profile developments that align with Saudi Vision 2030. AECOM will deploy advanced digital project management tools, data-driven dashboards, and lean construction methodologies to optimize project tracking and mitigate risks.
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