Real Estate

Phase Two of District Al Faisaliah ... futuristic design.

Phase Two of District Al Faisaliah ... futuristic design.

The District Al Faisaliah redevelopment launched

September 2020

Saudi-based Al Khozama Company, an award-winning and pioneering luxury hospitality and property management company, has kicked off the second phase of its ambitious The District Al Faisaliah redevelopment project, incorporating Al Faisaliah Tower, Al Khairiah Towers, Al Faisaliah Hotel, Al Faisaliah Suites, Hotel Al Khozama and the Mode Al Faisaliah Mall in the Olaya District of Riyadh.

The second phase of The District transformation incorporates futuristic architectural design with intelligent urban planning, to create the perfect integration of contemporary retail, commercial, entertainment, hospitality, well-being and residential living. 

The redevelopment includes a cinema complex with nine screens, and fully landscaped outdoor green areas with water features and leisure amenities.

Direct access to the Riyadh Metro, and a five-level underground parking facility for more than 1,000 cars ensure the ultimate in convenience, safety and easy accessibility for Riyadh’s residents and visitors, the company states.

The first phase of The District project announced in 2017 saw the refurbishment and expansion of the Mode Al Faisaliah Mall, extending its square-metre footprint by 20 per cent to offer premium retail space of 35,400 sq m, and to introduce internationally renowned restaurant brands to the kingdom.

In close proximity to the mall, the world-renowned Al Faisaliah Hotel, which has welcomed global leaders and high-profile guests for more than 20 years, is also currently undergoing renovation as part of this phase and is scheduled for completion in 2021.

As part of the redevelopment, the historic Hotel Al Khozama – one of the first hotels to open in Riyadh more than 40 years ago – was due to close last month (August), and will be replaced with a new contemporary five-star hotel that will deliver the hospitality brand’s exemplary customer service for a new generation.

The new property will offer 200 guest rooms and suites, two restaurants, connected meeting rooms, a ballroom, spa and health club, and pool deck, says its CEO Khalid Saud Abu Haimed.

On its significant role in Saudi real estate sector, Chairman Prince Bandar bin Saud bin Khalid Al Saud says: “The strategy followed by Al Khozama Company is aligned with the kingdom’s 2030 Vision in creating new benchmarks and opportunities for excellence, and contributing to the country’s long-term success. The District is one such example.”

The SR2-billion ($532 million) The District redevelopment project has been designed by award-winning US-based architectural firm Gensler and is scheduled for completion in 2024.  

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