April 18, 2024
English TKP News

Saudi Arabia: New Time Market Announced in Diriyah Square

A management agreement has been signed to open a new Time Out Market in Diriyah Square in 2027

The Diriyah Gate Development Authority (DGDA), responsible for the development of the Kingdom’s most important cultural and heritage destination, Diriyah, in Riyadh, Saudi Arabia, announced today that it has signed a management agreement with Time Out Group plc, the leading global media and hospitality business: to open a new Time Out Market in Diriyah Square. Diriyah Square is the commercial, retail and lifestyle heart of the 14 square kilometer Diriyah development. A key anchor of Diriyah Square, Time Out Market Riyadh is forecast to open in 2027.

Set across 9,000 square meters and on two levels, the award-winning food and cultural market will bring together Riyadh’s best chefs, restaurateurs and cultural experiences under one roof, according to the editorial curatorship. It will provide a space and opportunities for established, as well as up-and-coming, award-winning culinary and cultural talent. There will be 23 kitchens, five beverage services, multiple stages, event and exhibition spaces, a demonstration kitchen, a cooking academy and a cooking lab. With approximately 1,650 seats, guests will have a variety of indoor and outdoor dining options.

Time Out started in 1968 to show the best of the city and today covers content in 333 cities in 59 countries, with Time Out Riyadh launched last year with franchise partner ITP Media Group. Holly Sands, Editorial Director, Hospitality & Entertainment, ITP Media Group: “The Market comes on the heels of the launch of Time Out Riyadh in 2021, set to help people discover the best of this rapidly developing city, just as we have made globally for over 50 years Time Out is about celebrating local creativity, providing a platform for local talent and enabling a new generation of young and ambitious Saudis in the city to share stories about the future they are building.

The development of Diriyah Square will offer a unique offer of commerce, leisure, entertainment, hospitality and culture for the residents and visitors of Riyadh. Spanning more than 180,000 square meters, Diriyah Square will include more than 400 global retail and lifestyle brands and fine dining offerings, as well as more than 100 local concepts, seamlessly blending international brands with the best of retail. traditionally inspired Saudi retailer. In addition to unparalleled retail offerings, there will be six luxury hotels, three branded residences, five premium office buildings and more than 20 outdoor event spaces. This completely walkable district will change Riyadh’s shopping and entertainment landscape. While respecting the rich history and traditional Najdi architecture unique to the area,

Jerry Inzerillo, Group CEO – DGDA, commented: “We are delighted to announce Time Out Market for Diriyah Square, becoming the first of many important pillars for the development. The Time Out Market team shares our vision: to create a vibrant dining experience for locals and visitors alike that complements the retail, lifestyle and culture rooted in Diriyah, and especially here in Diriyah Square.”

Time Out Market (Development) co-CEO Jay Coldren added: “Time Out has always been at the forefront of urban centers, illuminating the best of the city. Our Time Out Markets allow local culinary and cultural talent to showcase their skills, bring people together to connect, create job opportunities, and provide an open and diverse workplace for the community. Diriyah Square will become a landmark, blending history, heritage and culture alongside retail and hospitality: as the country opens up to tourism and the world, there is a well-established food culture that continues to grow and evolving cultural scenes. that both locals and visitors enjoy more and more. We are looking forward to offering our unique experience at Time Out Market, together with our partners at DGDA.”

Time Out Market currently has seven locations open with another seven signed, plus several other locations in advanced negotiations.

As part of Saudi Arabia’s Vision 2030, Diriyah will be transformed into the Kingdom’s foremost historical, cultural and lifestyle destination and one of the world’s leading historical tourist destinations. Diriyah will present a whole new lifestyle experience for residents and visitors alike.

Diriyah is a $63.2 billion development that is making substantial progress: it has already opened two master plan elements in the fourth quarter of 2022: At-Turaif, the UNESCO World Heritage site, and Bujairi Terrace, the new 15,000 square meter culinary destination with more than 20 world-class local and international restaurants. and Michelin star restaurants.

Source: Diriyah Gate Development Authority (DGDA)

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