Abdul Rahman Saad Al-Rashid & Sons Limited has announced the 1.4 million sqft Al-Rashid Mega Mall to be built at a cost of $81 million in Madinah.
The project is designed to house 400 shops, a hypermarket, integrated amusement, an ice-skating rink, and large food courts. The facility will also house hotel suites targeting visitors to the holy city. The project is scheduled for completion in early 2008.
Saad Al-Rashid says the Rashid Mega Mall is designed to serve as a cultural landmark in Madinah. Just five minutes drive from the Holy Mosque and 10 minutes from the International Airport, it will provide facilities for popular international and national brands.
The mega mall management has already signed a contract with the French hypermarket operator Carrefour. The mall will also boast one of the largest amusement parks in the kingdom. The 1,500 seater food court, with international brands and a car park to accommodate 2,250 vehicles.