Opening Soon

The Avenues

Riyadh · Retail

The Avenues – Riyadh is a landmark mixed-use retail and lifestyle destination in North Riyadh, Saudi Arabia, developed by Kuwait's Mabanee through the Shomoul Holding joint venture with the Al Fozan Group and Alshaya Group.

Official Website
Last verified Jul 14, 2026
5 months to delivery
78%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2022
Start
2026
Completion
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The story so far
Announced 2022 est.
Broke ground Feb 2022Groundbreaking under the patronage of the Riyadh Governor (Shomoul Holding / Mabanee).
mepmiddleeast.com
Financing secured Oct 2025Mabanee upsizes financing to SAR 11.44B ($3.04B) incl. new tower loan (Argaam)
argaam.com
Halfway there 2026
argaam.com
Coming soon 2026 est.
mabanee.com
Expected opening 2026
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
About the project

The Avenues – Riyadh is a landmark mixed-use retail and lifestyle destination in North Riyadh, Saudi Arabia, developed by Kuwait's Mabanee through the Shomoul Holding joint venture with the Al Fozan Group and Alshaya Group. Designed by Aedas, the roughly 1.87 million square meter complex pairs a super-regional shopping mall with three hotels, a residential tower, and an office tower, ranking among the largest commercial developments in the Middle East.

Developer & design
Architect
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Common questions

Frequently asked

Where is The Avenues located?

The Avenues is located in Riyadh.

When will The Avenues open?

The Avenues is opening soon, with completion expected in 2026.

Who is developing The Avenues?

Mabanee Company is the developer behind The Avenues.

Who designed The Avenues?

The Avenues was designed by Aedas.