Alshaya plans to launch The Avenues in Riyadh, Khobar in early 2027, employ 6,000 Saudis

Logo of Alshaya Group 

Alshaya Group plans to open The Avenues projects in Riyadh and Khobar between late 2026 and early 2027, aiming to create more than 6,000 jobs for Saudi nationals, said Abdullah Faisal, Regional HR Director.

He told Al Eqtisadiah that Saudis currently make up over 50% of the company’s workforce, holding a wide range of roles including leadership, middle management, and frontline retail positions.

The group currently operates nearly 1,000 branches across Saudi Arabia, featuring well-known brands. It plans to open more than 300 new outlets in the coming period across additional brands, Faisal stated.

According to data available with Argaam, the foundation stone for The Avenues - Riyadh was laid in February 2022, covering a built-up area of 1.8 million square meters (sqm), with investments exceeding SAR 14 billion.

Shomoul Holding, a subsidiary of Kuwait's Mabanee Co., signed an agreement with Alshaya Group in September 2025 for the latter to invest $150 million in The Avenues-Riyadh. The project includes opening 100 stores across over 50,000 sqm in gross leasable area.

In January 2025, Mabanee COO Waleed Al Fahad said work on The Avenues-Riyadh project is 65% complete, with the opening of its commercial mall scheduled for late 2026. Other project components, including three hotels, a residential tower, and a service tower, will be launched a year later.

The Avenues - Khobar project will feature an extensive shopping mall, entertainment spaces, hotel towers, residential apartments, offices, medical clinics, and event venues.