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MASTERPLAN DESIGN - 2019
KHOBAR - KSA
LOT AREA /
BUILT-UP AREA /
Rikaz Properties aims to propose a 'strategic optimal monetization plan' for a prominent plot of land located between King Fahed Road and King Faisal Road in Al-Khobar.
The objective is to introduce an institutional quality mix of asset classes that will feed off each other synergistically.
Moreover, a phasing strategy is to be adopted throughout the masterplanning design in order to minimize the equity requirement.
The proposed mixed-use development introduces Al-Khobar's first new Live/Work/Play lifestyle powered by an arts and entertainment district, featuring art galleries, a performing arts center, auditoriums, cinemas, a shopping mall, four and five star hotels, office spaces and residences.
The masterplan features an inner green spine that connects all of the structures through a pedestrian walkway with lush landscaped areas with water features, parks and a large plaza onto which all the F&B spaces and outlets open up.
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