The Saudi Real Estate Construction Company, Tamear, has secured a significant contract valued at SAR 160 million (approximately $42.6 million) for the Tilal Al Riyadh project. This announcement solidifies Tamear's position as a key player in the development of Riyadh's architectural landscape.
The Tilal Al Riyadh project is a highly anticipated mixed-use development situated in the heart of the capital's Al Malqa District. Envisioned as a vibrant hub, the project boasts a contemporary design characterized by its dynamic curved form and an engaging facade that promotes transparency and fosters a connection with the surrounding environment.
Tamear, a subsidiary of the prominent Saudi Real Estate Company (Al Akaria), will be responsible for overseeing a comprehensive range of tasks within the project's scope. This encompasses the implementation of civil, structural, architectural, and electromechanical works, along with the crucial external works that will define the project's aesthetic character. The contract stipulates a completion timeframe of two years, ensuring a swift and efficient construction process.
Upon completion, Tilal Al Riyadh will serve as a multifaceted destination catering to a diverse range of needs. The ground floor will be dedicated to retail spaces, providing a platform for various businesses and fostering a dynamic commercial atmosphere. Food and beverage establishments will also be prominently featured, offering residents and visitors a plethora of culinary options.
The upper floors of the development are meticulously designed to cater to the professional and wellness needs of the community. These floors will house expansive office spaces, providing a modern and functional environment for businesses to thrive. Additionally, a dedicated wellness center will be incorporated, promoting a holistic lifestyle for residents and visitors alike.
The two basement levels of Tilal Al Riyadh prioritize practicality and functionality. These subterranean spaces will be designated for car parking, ensuring ample parking options for residents, tenants, and visitors. Additionally, these basements will house technical areas, providing the necessary infrastructure to support the smooth operation of the entire development.
Tamear's successful acquisition of the Tilal Al Riyadh contract signifies the company's commitment to shaping the future of Riyadh's urban landscape. The project's emphasis on contemporary design, diverse functionality, and a focus on community well-being aligns with the city's ongoing transformation into a thriving metropolis.