RIYADH: Saudi Arabia’s Diriyah Co. has shared plans for its inaugural mixed-use commercial office and retail development Zallal, set to launch in the Bujairi district during the first half of 2025.
This project will feature two low-rise office buildings with a combined leasable space of around 6,000 sq. m. Additionally, there will be 12 mixed retail and food and beverage outlets spread across about 8,000 sq. m.
Located next to the popular Bujairi Terrace, Zallal will benefit from proximity to a venue that attracts thousands of visitors daily.
The development is also located close to the recently completed Diriyah Art Futures and the soon-to-open Bab Samhan Hotel.
Jerry Inzerillo, group CEO of Diriyah Co, said: “We have been delighted with the hugely positive reception that Zallal has had from the commercial sector, and we are in advanced negotiations with international and local companies eager to benefit from the central location in the heart of Diriyah and the diverse range of accessible retail, F&B and office space available.”
He added: “With construction well underway, Zallal maintains the exciting momentum at Diriyah, and when open, will benefit from the thousands of daily visitors to Bujairi Terrace becoming the latest completed precinct in our rapidly developing masterplan.”
The company stated that prospective tenants have responded very favorably to the project, and advanced leasing negotiations are underway with several businesses and organizations.
Zallal will provide direct access to Wadi Hanifah and offer views of the UNESCO World Heritage site of At-Turaif from its position on the outskirts of the Saudi capital.
The ongoing construction work aims to integrate design elements that reflect Diriyah’s nearly 300-year history of traditional Najdi architecture.
Furthermore, Zallal will feature an underground parking facility offering direct access to Wadi Hanifah, Al Imam Abdulaziz bin Muhammad bin Saud Road, and public transportation options.
The facility is designed with convenience in mind, featuring designated coach drop-off points for tourists and visitors. This ensures a seamless transition to the pedestrian-friendly environment upon arrival.
Among the companies already involved in leasing negotiations are well-known international brands seeking to establish their presence in Saudi Arabia for the first time, the company said. Additionally, local companies and emerging Saudi concepts are also part of the leasing discussions.
In February, Diriyah Co. unveiled its plans to initiate construction on 11 new assets by the end of 2024, with the signing of two agreements on the sidelines of the Public Investment Fund’s Private Sector Forum.
