Arab News
Arab news,
Tue, Oct 07, 2025 | Rabi al-Thani 15, 1447
JLL to manage leasing for 733 commercial units across Riyadh Metro
Saudi Arabia:
Commuters across Riyadh will soon see enhanced
shopping and dining options as the city’s 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: “Our strategic partnership
as the leasing adviser for the Riyadh Metro commercial network is a powerful
affirmation of JLL’s commitment to championing Saudi Arabia’s Vision 2030 and
its ambitious urban transformation goals.”
She added: “We 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.”
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.
“JLL’s global and local leasing expertise will
maximize commercial viability for businesses in line with RCRC’s visionary
blueprint, setting new benchmarks for the commercial real estate industry in
Riyadh,” 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.