ABU DHABI, 24 FEBRUARY 2019
Modon Properties (Modon), mandated by the Abu Dhabi Government to develop real estate, tourist and housing projects in the Emirate, announced today the launch of construction works of the first retail strip mall, north of Riyadh City (formerly known as South Shamkha). The project, which will start in April 2019, covers over 25,000 sqm, with a building area up to 8,000 sqm.
Abdulla Al Sahi, CEO of Modon said: “Our company is working around the clock to develop the infrastructure of Riyadh City that can provide modern and sustainable residential living.
“This project is being developed in line with the anticipated needs of the future requirements of residents of Riyadh City, and we are seeking to provide fantastic community facilities that allow residents to enjoy a life of luxury, stability and comfort.” Al Sahi concluded.
Once completed in Q3 in 2020, the retail strip mall will include seven restaurants and 14 shops and supermarkets to cater to the needs of the local population. The project will also have a temporary 400 square meter supermarket, to be completed by June 2019, to provide amenities to local residents before the completion of the main project.
Riyadh City will be one of the largest and most iconic residential community developments in the city of Abu Dhabi, housing over 200,000 residents. The project will cover around 8,000 hectares, equivalent to 85% of the land area of Abu Dhabi Island. The new development will feature state of the art facilities such as parks, schools, shops, mosques, medical centers, and community centers. It will also provide low-density neighborhoods, perfectly fitted for modern lifestyle.
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