RIYADH: Construction of Saudi Arabia’s first entertainment-focused business park and corporate resort has been completed, the head of the General Entertainment Authority said on Thursday.
Boulevard Business Park, built at a cost of more than SR1 billion ($267 million), is within Riyadh’s Boulevard City and forms the first phase of a wider redevelopment of the Boulevard district in partnership with the private sector.
The development comprises more than 60,000 square meters of leasable office space in nine buildings, corporate headquarters, co-working facilities, retail outlets and more than 1,300 parking spaces.
GEA Chairman Turki Alalshikh said the project had been completed with the support of King Salman and Crown Prince Mohammed bin Salman and described it as another milestone for Vision 2030, the Kingdom’s economic diversification program.
“There are no limits to Saudi determination and, God willing, the best is yet to come,” he said.
Boulevard Business Park was developed in partnership with Hay Developments and the REQ Real Estate Fund, which is managed by BSF Capital and will be managed and operated by Sela.
