Saudi news

Al-Othaim Investment announces the “Kunouz” project in Riyadh, at a value of 7 billion riyals

Abdullah Al-Othaim Investment Company announced the start of the implementation of the huge “Kunouz” project in the Saudi capital, Riyadh, at a cost of more than 7 billion riyals.

The project, which is being built on a land area of ​​114,000 square meters, has a privileged location between King Fahd and Olaya roads in the north of Riyadh.

Read more: Abdullah Al-Othaim Investment Company achieved 159 million riyals in profits in the first half

The project includes a commercial center that provides more than 120,000 square meters of rental space, designed according to the latest specifications, and a world-class hotel with a built-up area of ​​50,000 square meters with about 250 hotel rooms, and luxury hotel and residential apartments on an area of ​​80,000 square meters.

The project also includes modern commercial offices on an area of ​​90,000 square meters, in addition to a closed entertainment city on an area of ​​20,000 square meters, which will be implemented and equipped according to the best standards in support of tourism and entertainment projects in the capital, Riyadh, in addition to 10,000 square meters of green spaces, and parking spaces that accommodate 5 people. thousands of cars.

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