Saudi Arabia has announced a significant new project: the Boulevard Business Park in Riyadh. This project, with an investment of SR1 billion ($266 million), aims to become a major creative hub in the city.
WHAT IS BOULEVARD BUSINESS PARK?
Boulevard Business Park is a new business area located within the larger "Boulevard City" zone in Riyadh. Turki Alalshikh, the Chairman of the General Entertainment Authority (GEA), announced this ambitious project. The park will offer more than 60,000 square meters of leasable space. It will include offices, co-working areas, and retail stores. Concept stores for both local and international brands will also feature.
KEY FEATURES OF RIYADH'S BOULEVARD BUSINESS PARK
Boulevard Business Park will provide a variety of amenities. These include:
- Nine office buildings with commercial spaces.
- A creative business resort focused on global and national companies in the arts.
- Over 1,300 parking spaces.
- An outdoor art gallery.
- A gym, a spa, and a suspended pool.
- Hanging gardens and green spaces.
BOULEVARD BUSINESS PARK SUPPORTING SAUDI VISION 2030
Boulevard Business Park is part of Saudi Arabia's broader goal to modernise and diversify its economy under Saudi Vision 2030. The project aims to support entrepreneurs and companies in the creative industry. By creating a vibrant space for creativity and business, the park will contribute to the growth of Riyadh's real estate market and Saudi Arabian real estate in general.
DEVELOPING RIYADH'S BOULEVARD DISTRICT
The Boulevard Business Park is the first step in redesigning the Boulevard District in Riyadh. This plan aims to create a well-connected area with new urban passageways linking different zones. These paths will make it easier for people to move around. The project will also add more green spaces. These green spaces will connect to nearby projects like the sports track.
IMPROVING ACCESSIBILITY IN RIYADH
To make the area more accessible, the project plans to expand parking capacity. It will connect the new parking spaces to the main road network and public transportation. This will make it easier for visitors and workers to access Boulevard Business Park.
JOB CREATION AND ECONOMIC GROWTH
The project will help grow the creative sector in Saudi Arabia by creating new jobs. Boulevard Business Park aims to offer a new type of real estate product that aligns with changes in the creative job market. This will help boost the sector's growth in the Kingdom.
Aerial view of downtown Riyadh with landscape view of Olaya district and King Fahad street
PARTNERS IN THE BOULEVARD BUSINESS PARK PROJECT
Dr. Rakan bin Hussein Al-Harthi, Managing Director of Sela, confirmed that his company is adopting this initiative. They are collaborating with the REQ Real Estate Fund, French Capital, and Hay Real Estate Development Company to bring this project to life.
WHY DOES BOULEVARD BUSINESS PARK MATTER?
Boulevard Business Park will play a key role in developing Riyadh's real estate market. By focusing on creative industries, the project aims to attract businesses from around the world. This aligns with Saudi Arabia's vision of becoming a global hub for innovation and creativity.
BOULEVARD CITY OFFERS A NEW URBAN EXPERIENCE
The larger Boulevard City, the location of Boulevard Business Park, aims to offer a unique urban experience. By combining business, art, and leisure, it will become a vibrant part of Riyadh's landscape. This will make Riyadh property more attractive to investors and businesses looking for modern, well-planned spaces.
RENEWABLE ENERGY AND SUSTAINABILITY
Boulevard Business Park will focus on creativity and business while also embracing sustainability. The project will increase green spaces and promote an eco-friendly environment. This aligns with global trends in renewable energy and sustainable development. These efforts benefit the environment and improve the quality of life for workers and visitors.
ENHANCING RIYADH'S REAL ESTATE MARKET
Boulevard Business Park is set to become a landmark in Riyadh's real estate market. With its focus on creativity, business, and sustainability, it aligns with Saudi Vision 2030. The project aims to attract global and national companies, create jobs, and offer a modern, vibrant space in the heart of Riyadh. As part of Boulevard City, it will help redefine urban life in Saudi Arabia.
