The Avenues Khobar Project represents a massive leap forward for Al Khobar — a modern, mixed-use development blending shopping, hotels, offices, and entertainment in one stunning destination.
What Is The Avenues Khobar Project?
This is not just another mall. The Avenues Khobar Project is a visionary mixed-use complex developed by Shomoul Holding, part of Kuwait’s Mabanee group. Spanning a total built-up area of around 696,000 sqm, it will host eight distinct districts — from “The Souk” to “Urban Walk” and “The Gardens.”
It’s designed to be more than retail: there will be entertainment, public gardens, cinemas, and two high-rise towers. The development also emphasizes sustainability — it has already earned a LEED Gold pre-certification.
When Will The Avenues Khobar Project Be Completed?
Phase one is well underway. Construction began in earnest after contracts were awarded to a joint venture between Al-Kifah Contracting and Al Ahmadiah Contracting.
According to project updates, the development is ahead of pace, and the expected full completion is now targeted for Q3 2027. Earlier sources also referenced a 2027 opening, aligning with these more recent projections.
When Is the Opening Date of The Avenues Khobar Project?
The public opening is planned for the first quarter of 2027. This timeline is supported by both the lead consultants and construction partners. That said, many media reports still cite the broader first half of 2027 as a target for a grand opening.
Read more: What Are the Major Entertainment Projects in Saudi Arabia ?
What Is the Estimated Cost of The Avenues Khobar Project?
The scale of The Avenues Khobar Project comes with a hefty budget. The first phase alone is estimated at SAR 7.3 billion (roughly $1.95 billion). Earlier contracts for the development were awarded at SAR 3.66 billion, showing the level of investment in the core commercial component. In 2023, Shomoul Holding secured $1.16 billion in financing from a banking consortium for the project.
Where Is The Avenues Khobar Project Located?
The site of The Avenues Khobar Project is very strategic. It sits at the northwestern corner of King Saud Road and Prince Sultan Road in Al Khobar, Eastern Province. The location provides easy access for shoppers and visitors. Also, the two-tower component (with hotels and offices) makes it a true urban landmark.
Why This Project Matters
This project matters for various reasons, such as:
- The Avenues Khobar Project is expected to generate over 10,000 jobs, boosting the local economy.
- With LEED Gold pre-certification, the development aims to set new green-building standards in the region.
- The eight distinct zones combine modern architecture with heritage-inspired elements. Examples include “The Souk” area drawing on traditional market vibes.
- The two towers will host a Four Seasons and a Canopy by Hilton, plus offices.
You may also be interested in: Modern Construction Projects in Saudi Arabia.
Future Outlook: A Landmark in Saudi’s Vision 2030
The Avenues Khobar Project is not just a shopping center. It aligns with Saudi Vision 2030, supporting economic diversification, tourism, and sustainability goals. Once open, it could become a major destination not only for Al Khobar residents, but for visitors from across the Kingdom.
A New Era on the Horizon
The Avenues Khobar Project stands as a bold symbol of what today’s Saudi Arabia is building toward: a future where commerce, culture, and community blend in harmony. With massive investment, smart design, and a clear timetable, this development is poised to redefine Al Khobar’s skyline. Whether you’re a shopper, traveler, or investor, this is one landmark you’ll want to watch.
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