Hospitality and property management firm Al Khozama Company has announced the District Al Faisaliah development project has now entered its second phase of construction.
Estimated to cost SAR2 billion ($US533 million), District is expected to open in 2024. One of the Kingdom’s many new ‘giga-projects’, the development incorporates 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.
Designed by British architect Norman Foster, of Foster + Partners and built in 2000 by the Saudi Bin Laden construction company, the Al Faisaliah Tower was the first of Riyadh’s major skyscrapers.
The first stages of the redevelopment project were announced three years ago, where the Mode Al Faisaliah Mall was extended by 20 per cent for a luxury retail space of 35,000 sqm. The initial phase also saw the introduction of restaurant brands such as Yauatcha, Meraki, Mamo Michelangelo, La Petite Maison and La Brasserie to the area.
Now in the second chapter, the District will work to integrate all of its retail, commercial, entertainment, hospitality, wellness and residential spaces. The popular Al Faisaliah Hotel is currently being renovated as part of the project’s development and completion of the facelift is expected next year.
Another plan for the development’s second phase is the replacement of Hotel Al Khozama. One of the Kingdom’s oldest hotels – more than 40 years old – the property will be replaced with a new hotel by 2024. The new property, designed by Gensler, will boast 200 keys, two restaurants, MICE facilities, a spa and gym and a pool deck.
The building’s interior was gutted and made to maximize floor area; and the façade given a lighter touch and clear street presence with glass-fronted balconies. Preserving superb public areas, Gensler retained the “gentlemen’s club” feel of the old hotel while significantly upgrading the experience.
HH Prince Bandar bin Saud bin Khalid Al Saud, chairman Al Khozama 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 redevelopment also includes a cinema complex with nine movie screens, landscaped outdoor green areas with water features and leisure amenities, as well as direct access to the Riyadh Metro, and a five-level underground parking facility for more than 1,000 cars.