Riyadh | BETH

Construction work is rapidly progressing at Avenues Riyadh Towers, one of the Kingdom’s largest mixed-use commercial developments, strategically located at the intersection of King Salman Road and King Fahd Road. Current construction momentum indicates the completion of one new floor per tower each week, reflecting accelerated execution and advancement into the structural development phase.

The Avenues Riyadh project represents an expansion of the renowned Avenues concept launched in Kuwait and spans more than 1.8 million square meters, featuring a mega shopping destination alongside hotel, residential, and office towers, in addition to integrated entertainment and tourism facilities — positioning it among Riyadh’s most prominent urban transformation landmarks.

BETH Insight | More Than a Commercial Project

The pace of construction — a floor per week — signals not only operational efficiency but also a deeper shift in Riyadh’s urban development model. The capital is transitioning from traditional shopping centers toward fully integrated urban destinations combining work, living, leisure, and tourism within a single ecosystem.

The project aligns with the broader wave of giga-developments reshaping Riyadh into a global investment and tourism hub, supporting the objectives of Saudi Vision 2030 in economic diversification and quality-of-life enhancement.

Economic Significance

The accelerated development pace reflects strong long-term investor confidence in Riyadh’s retail and hospitality sectors, driven by rapid population growth and increasing demand for modern mixed-use destinations.

BETH:
When a tower rises every week, the city itself rises economically with it.