- Project allocates 2.3 square kilometres of land to boost public and private sector investment outlook.
- Private-sector finance opportunities available for the construction and operation of residential, retail, F&B, sports, and wellness businesses.
- Investment will energize the local economy by creating employment, boosting tourism, and supporting new businesses across diverse platforms.
Riyadh, October 13, 2021
The Sports Boulevard, a 135-km lifestyle destination situated in the heart of Riyadh, has awarded contracts worth SAR 2.482 billion (USD 661.5 million) to several Saudi national firms for the construction of roads, bridges, and infrastructure at the Hanifah Valley and the Art District. The giga-project’s stated goal is to ensure that Riyadh is recognized as one of the world’s top livable cities by 2030.
The development of the project’s first phase is underway. To encourage additional public and private sector investment the Sports Boulevard has allocated 2.3 square kilometers of land to showcase its potential and assets. Significant opportunities also exist for private-sector financing in the construction and operation of residential, retail, F&B, sports, and wellness businesses.
The Sports Boulevard positions Riyadh as forward-looking and resource-efficient, combining innovative planning and design to regenerate and connect existing neighborhoods. It will deliver on a new urban mobility framework to enable Riyadh’s residents and visitors to get access to an active lifestyle, wellness initiatives, and other innovative enterprises.
The project is committed to improving the quality of life for the city’s residents and visitors by offering them premium infrastructure, facilitating pedestrian pathways, cycling tracks, horse-riding trails, and much more.
The opportunities to invest will energize the local economy by creating employment opportunities, boosting tourism, and supporting new businesses in alignment with the objectives of the Saudi Vision 2030.