Kuwait City - Nov. 9, 2025. Mabanee Company has expanded financing for The Avenues – Riyadh, securing $1.6 billion (SAR 5.83 billion) to fast-track the landmark mixed-use project in Saudi Arabia’s capital ahead of its Q4 2026 opening.
Riyadh, the capital of Saudi Arabia, is rapidly transforming into a major global city that stands out in the Middle East. With ambitious development plans, robust economic diversification, and an increasing focus on culture and technology, Riyadh is positioning itself as a central hub for business, innovation, and tourism. This article explores the key factors that contribute to Riyadh's emergence as the next global city in the region.
