https://arab.news/mnpum
RIYADH: Commuters across Riyadh will soon see enhanced shopping and dining options as the city鈥檚 metro network undergoes a major commercial transformation.
The Royal Commission for Riyadh City has partnered with global real estate advisory firm JLL to develop a comprehensive retail strategy and manage leasing across the network, according to a press release.
Under the agreement, JLL will implement a retail plan for Riyadh Metro covering tenant mix, rental analysis, and leasing cycles for 733 commercial units across 85 metro stations and 2,900 bus stops.
The new development comes as the metro network completed a major milestone of carrying 100 million passengers in August, since its launch in December 2024.
Dana Williamson, head of offices and business space for Middle East and North Africa at JLL, said: 鈥淥ur strategic partnership as the leasing adviser for the Riyadh Metro commercial network is a powerful affirmation of JLL鈥檚 commitment to championing 黑料社区鈥檚 Vision 2030 and its ambitious urban transformation goals.鈥�
She added: 鈥淲e look forward to working alongside the RCRC to attract leading brands and create unparalleled opportunities for their expansion and strategic market positioning within this landmark infrastructural project.鈥�
The retail units across prime locations within the metro network will establish new commercial corridors and enhance the daily commuter experience, providing access to a wide range of shopping and dining options for residents and tourists alike, the release added.
Under the deal, JLL will conduct detailed rental analysis, prepare a comprehensive report outlining commercial outlet opportunities, and create a definitive Tenant Manual and Policies guide.
The firm will also execute the full leasing program, managing competitive tender bids for retail units, ATMs, and click-and-collect kiosks under RCRC supervision.
JLL will oversee tenant management from initial handover to opening and provide ongoing maintenance support.
鈥淛LL鈥檚 global and local leasing expertise will maximize commercial viability for businesses in line with RCRC鈥檚 visionary blueprint, setting new benchmarks for the commercial real estate industry in Riyadh,鈥� added Williamson.
Designed to serve 3.6 million daily commuters, Riyadh Metro operates a six-line network connecting business districts, residential communities, and cultural landmarks.