17 Hrs
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الاقتصادية
Royal Mall auctioned for potential redevelopment
Royal Mall Center in Riyadh is being offered for sale through a public auction on October 27. The deal presents investors with an opportunity to redevelop the site, which spans approximately 29,700 square meters and is located on King Fahd Road near its intersection with King Abdullah Road. The strategic location raises the possibility of redeveloping the mall, especially through vertical construction in response to urban transformation in the capital, as there is a nearby high-rise building that could be used to enhance urban density. The success of the deal depends on the future value of the site, whether through continuing to operate the current mall or by developing it to meet modern urban demands and development trends in Riyadh.
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