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Laysen Valley

From Wikipedia, the free encyclopedia
Laysen Valley
Native name
ليسن فالي
IndustryOffice space provider
Business park
Founded2021
Headquarters,
Websitelaysenvalley.sa

Laysen Valley (Arabic: ليسن فالي) is a mixed-use development in the Umm al-Hammam al-Gharbi neighborhood of Riyadh, Saudi Arabia. It was developed by Tatweer Holdings and became mostly operational by 2022. Covering an area of 74000 square meters, it is named after Wadi Laysan and contains several outlets of multinational chains of restaurants and cafeterias besides hosting offices of more than 50 multinational firms in five commercial buildings, including Servcorp, Roche, Credit Suisse, BlackRock and Nokia.[1]

Overview

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Laysen Valley became mostly operational by 2022 and was developed by Tatweer Holdings.[2] It was built on the six core principles of Salmani style,[3] a distinct type of urban Najdi architectural method developed in Riyadh Province during the reign of Prince Salman bin Abdulaziz as the region's governor between 1963 and 2011. It hosts offices of more than 50 multinational firms.[4] It is named after Wadi Laysan.[5][6]

The construction of Laysen Valley began around 2020. In March 2021, Jadwa REIT Al Haramain and Jadwa REIT Saudi disclosed the details of investment following its acquisition of seven towers of Laysen Valley.[7][8][9] In December 2021, Hilton announced setting up a hotel,[10] in partnership with Mashareq.[11] In January 2022, Swiss pharmaceutical company Norvatis announced that it would have its regional head office in Laysen Valley. Riyadh Municipality signed a benefit exchange agreement with Laysen Valley in March 2022.[12]

References

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  1. ^ "مجمعات المقار الإقليمية للشركات العالمية في الرياض تتحول إلى مقاصد سياحية وترفيهية". الاقتصادية (in Arabic). 2024-02-02. Retrieved 2024-12-16.
  2. ^ "Tatweer partners with ROSHN to develop Makkah projects". Arab News. 2024-12-01. Retrieved 2024-12-16.
  3. ^ "تجارب طعام استثنائية خلال الصيف في 3 أماكن رائعة في الرياض | مجلة سيدتي". www.sayidaty.net (in Arabic). Retrieved 2024-12-16.
  4. ^ سبق (2022-11-02). "ليسن فالي .. يحتضن مقر الشركات العالمية في قلب الرياض". صحيفة سبق الالكترونية (in Arabic). Retrieved 2024-12-16.
  5. ^ العمري, عبدالله بن محمد (2024-05-30). موسوعة العمري في البيئة والمياه (in Arabic). العبيكان للنشر. ISBN 978-603-04-9952-6.
  6. ^ الدعوة :مجلة إسلامية اسبوعية جامعة (in Arabic). مؤسسة الدعوة الإسلامية الصحفية،. May 1995.
  7. ^ أرقام. ""جدوى ريت السعودية" و"جدوى ريت الحرمين" يُعلنان تفاصيل استثمار 500 مليون ريال في صندوق عقاري خاص". أرقام (in Arabic). Retrieved 2024-12-16.
  8. ^ "صندوقان لـ "جدوى" يستثمران نصف مليار ريال في "الاستثمارات العقارية"". العربية (in Arabic). 2021-03-22. Retrieved 2024-12-16.
  9. ^ "جدوى للاستثمار تطلق صندوق الاستثمارات العقارية". صحيفة سهم الالكترونية (in Arabic). 2021-03-22. Retrieved 2024-12-16.
  10. ^ "Hilton signs three huge deals in Saudi Arabia, including Diriyah Gate - Hotelier Middle East". 2021-12-17. Retrieved 2024-12-16.
  11. ^ ""المشرق للضيافة" تتوسع بالشراكة مع "هيلتون العالمية"". أرقام (in Arabic). Retrieved 2024-12-16.
  12. ^ "أمانة الرياض توقِّع اتفاقية تبادل منافع مع 4 شركات لتحسين جودة الخدمات بالعاصمة". www.al-jazirah.com. Retrieved 2024-12-16.