AECOM Wins PMC and Engineering Services Contract for Riyadh Phase II Development

AECOM has been appointed as the Project Management Consultant and engineer for Phase II of The Avenues - Riyadh, a $4 billion mixed-use development in Saudi Arabia. The project spans 1,870,000 square meters and includes a luxury shopping mall and five towers featuring mixed-use functionalities. AECOM will deploy advanced digital project management tools and lean construction methodologies to optimize project tracking and mitigate risks. The project is scheduled to open in early 2026.

AECOM (NYSE: ACM), a global infrastructure leader, has been appointed as the Project Management Consultant (PMC) and engineer for Phase II of The Avenues - Riyadh, a $4 billion mixed-use development in North Riyadh City, Saudi Arabia. This follows the successful delivery of Phase I. The project, valued at over $4 billion, spans 1,870,000 square meters of built-up area and 370,000 square meters of leasable area. It will include a luxury shopping mall and five towers featuring mixed-use functionalities such as hospitality, commercial, and residential spaces. The Avenues - Riyadh is scheduled to open in early 2026 [1].

AECOM's appointment builds on its track record of delivering complex, high-profile developments. The company will deploy advanced digital project management tools, data-driven dashboards, and lean construction methodologies to optimize project tracking, enhance stakeholder communications, and proactively mitigate risks, setting new standards for project delivery in the region [1].

Hamed Zaghw, chief executive of AECOM’s Middle East and Africa region, expressed his excitement about the project, stating, “This award is a testament to the transformational outcomes we are delivering for our clients across the Kingdom, and we are excited to shape a development that aligns with Vision 2030 and sets a new benchmark for mixed-use environments in the Middle East” [1].

AECOM is committed to delivering innovative, sustainable, and resilient solutions throughout the project lifecycle, from advisory, planning, design, and engineering to program and construction management [1]. The company's integrated team brings deep regional experience, digital delivery capabilities, and industry-leading expertise in sustainability.

The appointment of AECOM for Phase II of The Avenues - Riyadh reflects the company's growing role in Saudi Arabia's infrastructure development, contributing to the country's Vision 2030 objectives. The project underscores AECOM's commitment to delivering world-class destinations that elevate the region's commercial and investment landscape.

References:
[1] https://www.businesswire.com/news/home/20250811840923/en/AECOM-selected-to-deliver-project-management-and-engineering-services-for-The-Avenues-Riyadh-Phase-II