Sahara Plaza Saudi Arabia: A Comprehensive Guide

Sahara Plaza is a shopping mall in the King Fahd district of Riyadh, Saudi Arabia. The mall covers an area of 12,540 sqm and is a popular destination for shopping and leisure activities. It is owned and operated by Cenomi Centers, one of the biggest developers of shopping malls in Saudi Arabia.

The mall features a variety of stores, including clothing and apparel, electronics, and home goods. It also has a food court with various dining options and a 2GO amusement park for children. Sahara Plaza is known for its convenient location adjacent to the larger Sahara Mall on King Abdullah Road.

Cenomi Centers recently sold Sahara Plaza as part of its non-core asset sale program for SR200 million ($53.3 million). The sale was completed successfully, and the mall operates under new ownership. With its prime location and diverse offerings, Sahara Plaza remains a popular shopping destination for residents and visitors of Riyadh.

Overview of Sahara Plaza

Sahara Plaza is a popular mall in Riyadh, Saudi Arabia. The mall is in the King Fahd district of Riyadh, adjacent to the Sahara Mall on King Abdullah Road. It is a Gd+1 floor building with much to offer its visitors.

Location and Accessibility

Sahara Plaza is located in the King Fahd district of Riyadh, a prime location in the city. It is easily accessible from all parts of the city, making it a convenient shopping and entertainment destination for locals and tourists alike. The mall is on King Abdullah Road, one of the city’s busiest roads. Visitors can reach the mall by car or public transportation.

Sahara Plaza’s Significance in Riyadh

Sahara Plaza is a significant mall in Riyadh, known for its wide range of shopping and entertainment options. It is not as big as its neighbor, Sahara Mall, but it is famous for Hokair Group’s 2GO. The mall has many outlets catering to different lifestyles, making it a one-stop destination for all shopping and entertainment needs. Visitors can find a variety of international and local brands in the mall, making it a popular shopping destination in Riyadh.

Sahara Plaza is a great place for families and friends to spend time together. Visitors can enjoy multiple entertainment options, including cinemas, restaurants, and cafes. The mall also has a lot of parking space, making it easier for guests to park their cars and enjoy their time there.

In conclusion, Sahara Plaza is a popular mall in Riyadh, known for its wide range of shopping and entertainment options. It is a convenient destination for visitors in a prime location in the city. Visitors can enjoy a variety of entertainment options, making it a great place for families and friends to spend time together.

Ownership and Management

Ownership Details

Sahara Plaza, a shopping center located in Riyadh’s King Fahd district, is owned by Cenomi Centers, a major player in shopping mall ownership, operation, and development in Saudi Arabia. Cenomi Centers sold the 12,540 sqm shopping center for SAR 200 million ($53.33 million) under its non-core asset sale program.

Arabian Centres Co., a Saudi-listed company, is another entity associated with the ownership of Sahara Plaza. However, it is important to note that Arabian Centres Co. has sold the Sahara Plaza Mall in Riyadh for SR200 million ($53.3 million) under its non-core asset sale program.

Management and Operations

Cenomi Centers is the largest owner, operator, and developer of contemporary lifestyle centers in Saudi Arabia. As the owner of Sahara Plaza, Cenomi Centers was responsible for the management and operations of the shopping center. However, after the sale of Sahara Plaza, it is unclear who the new owner is and who will be responsible for the management and operations of the shopping center.

Alistithmar for Financial Securities and Brokerage Co. is another entity associated with Sahara Plaza’s management and operations. However, it is unclear whether Alistithmar for Financial Securities and Brokerage Co. is still involved with the shopping center after its sale.

In conclusion, while Cenomi Centers and Arabian Centres Co. have been associated with the ownership of Sahara Plaza, it is unclear who the new owner is and who will be responsible for the management and operations of the shopping center.

Architectural Design and Facilities

Sahara Plaza, located in Riyadh, Saudi Arabia, is a modern and well-designed shopping mall that offers visitors an excellent shopping experience. The mall’s infrastructure is carefully designed to provide shoppers with a comfortable and relaxing environment.

Mall Infrastructure

The mall is built on a vast area, and its infrastructure is designed to provide ample space for visitors to move around freely. The parking facility is spacious and can accommodate many vehicles, making it convenient for shoppers to park their cars.

Amenities and Services

Sahara Plaza has several services that fulfill the needs of its visitors. The mall has a food court that offers various cuisines, including local and international dishes. Shoppers can also find a range of shops, including brand names and boutiques, offering various products. The mall’s healthy environment is maintained through a constant cleaning and maintenance regime, ensuring visitors enjoy a clean and hygienic environment.

In conclusion, Sahara Plaza is a well-designed shopping mall that offers visitors a comfortable and enjoyable shopping experience. The mall’s infrastructure, amenities, and services are carefully designed to provide convenience and comfort to its visitors.

Retail and Dining Experience

Shopping Options

Sahara Plaza is a popular shopping destination in Riyadh, Saudi Arabia, offering visitors various shopping options. The mall features over 180 stores, including local and international brands, establishing it as a one-stop shop for all your shopping needs.

Visitors can find various shopping options at Sahara Plaza, including fashion, electronics, home goods, and more. The mall also features several supermarkets, providing visitors with a convenient shopping experience.

Dining and Cuisine

Sahara Plaza offers diverse dining options, providing visitors with a unique culinary experience. Visitors can find a variety of traditional foods, as well as international cuisine, at the mall’s many restaurants and cafes.

The Globe Restaurant is a popular dining destination at Sahara Plaza, offering a delicious menu of international cuisine. Visitors may enjoy various dishes, including seafood, pasta, and steak, in a comfortable and elegant atmosphere.

For those looking to experience traditional Saudi cuisine, Sahara Plaza offers several restaurants that specialize in local dishes. Visitors can enjoy traditional dishes such as Kabsa, Mandi, and Shawarma.

Overall, Sahara Plaza offers visitors a unique retail and dining experience, offering a wide range of shopping and dining options. Whether you’re looking for traditional foods or international brands, Sahara Plaza has something for everyone.

Economic Impact and Strategic Direction

Asset Sale and Portfolio Management

Cenomi Centers, the largest owner, operator, and developer of contemporary lifestyle centers in Saudi Arabia, has completed the sale of Sahara Plaza as part of its non-core asset sale program. The mall was sold for SR200 million ($53.3 million) under its non-core asset sale program. The program is set to raise SAR 2 billion, with four plots sold to date. Sahara Plaza was the first of 22 operating assets of Cenomi Centers and no longer aligned with the company’s strategic direction as an operator of flagship and lifestyle destinations in the Kingdom of Saudi Arabia.

The sale of Sahara Plaza is expected to generate SAR 79 million in profits. The revenue impact of the sale will be marginal at SAR 5 million per year. The non-core asset sale program aims to optimize the portfolio of Cenomi Centers by divesting non-core assets and reinvesting the proceeds into the development of flagship and lifestyle destinations in the Kingdom of Saudi Arabia.

Contribution to Local Economy

Sahara Plaza opened its doors in 2002 and was a shopping center in the King Fahd district of Riyadh. The mall had a total area of 12,540 square meters and offered a mix of retail, dining, and entertainment options. The mall was a popular destination for locals and tourists and played a main role in the local economy.

The sale of Sahara Plaza will have a limited impact on the local economy, as the mall contributed only SAR 5 million per year to the revenue of Cenomi Centers. However, the sale will enable Cenomi Centers to focus on the development of flagship and lifestyle destinations in the Kingdom of Saudi Arabia, which will have a more significant impact on the local economy in the long run.

Overall, the sale of Sahara Plaza is part of Cenomi Centers’ strategic direction to optimize its portfolio and focus on developing flagship and lifestyle areas in the Kingdom of Saudi Arabia. The sale will generate profits for the company while having a limited impact on the local economy.

Customer Experience and Reviews

Visitor Feedback

Sahara Plaza, located in Riyadh, Saudi Arabia, has received mixed visitor reviews. Some visitors have praised the shopping center’s convenient location, ample parking, and clean facilities. Others have criticized the shopping center’s limited selection of stores and lack of variety in dining options.

Taxi drivers who have dropped off and picked up customers at Sahara Plaza have generally reported positive experiences. They have noted the shopping center’s easy accessibility and convenient location on King Abdullah Road.

Online Presence

Sahara Plaza is on Tripadvisor, receiving mixed reviews. Some visitors have praised the shopping center’s clean facilities and ample parking, while others have criticized its limited selection of stores and lack of variety in dining options.

Overall, Sahara Plaza’s online presence is limited, and it does not have a strong social media presence. However, the shopping center’s website provides basic information about its location, hours, and stores.

In conclusion, while Sahara Plaza has some positive aspects, such as its convenient location and ample parking, it also has some drawbacks, such as its limited selection of stores and lack of variety in dining options. Visitors should consider these factors when deciding whether to visit the shopping center.

Sustainability and Development

Sahara Plaza Saudi Arabia has demonstrated a commitment to sustainability and development through various initiatives and practices. This section will explore some of the environmental initiatives and future growth and expansion plans of Sahara Plaza.

Environmental Initiatives

Sahara Plaza has implemented several sustainable practices in its development and operation. The plaza is designed with energy-efficient features, such as LED lighting and HVAC systems, to reduce energy consumption. Additionally, Sahara Plaza has adopted sustainable food production practices, including sourcing local and organic produce and minimizing food waste through composting.

Sahara Plaza’s commitment to sustainability is aligned with Saudi Vision 2030, which aims to promote sustainable development and reduce the Kingdom’s dependence on oil. The plaza’s initiatives contribute to the Kingdom’s efforts to achieve its sustainable development goals and reduce its carbon footprint.

Future Growth and Expansion

Sahara Plaza plans to continue its sustainable practices in future growth and expansion. The plaza aims to incorporate more renewable energy sources, such as solar panels, to lower its carbon footprint further. Additionally, Sahara Plaza plans to expand its sustainable food production practices by partnering with local farmers and offering more organic and locally sourced products.

The plaza’s commitment to sustainability and development is reflected in its future growth and expansion plans. Sahara Plaza’s initiatives and practices demonstrate its dedication to reducing environmental impact while promoting economic growth and development.

In summary, Sahara Plaza Saudi Arabia has implemented various environmental initiatives and sustainable practices in its development and operation. The plaza’s sustainability commitment aligns with Saudi Vision 2030 and contributes to the Kingdom’s efforts to achieve its sustainable development goals. Sahara Plaza plans to continue its sustainable practices in future growth and expansion, reducing its carbon footprint and promoting sustainable economic development.

Investment and Financial Performance

Market Influence

Sahara Plaza has been a significant player in the shopping mall industry in Saudi Arabia since its launch in 2002. As part of the non-core asset sale program, the mall was sold for SR200 million ($53.3 million) to Arabian Centres Co. in 2024. The sale of Sahara Plaza aligns with the company’s strategy to focus on core assets and improve its financial performance.

The Tadawul All Share Index, also known as the Saudi Main Index, is the benchmark index of the Saudi Arabian stock market. The sale of Sahara Plaza positively impacted the company’s liquidity and financial health. The closing bell on the day of the sale showed that the company’s share price had increased by 1.2%.

Financial Health and Statements

Arabian Centres Co. is one of the largest owners, operators, and developers of shopping malls in Saudi Arabia. The company’s financial statements show a healthy balance sheet, with a strong cash position and low debt levels. The company’s liquidity ratio is above the industry average, indicating sufficient cash to meet its short-term obligations.

In 2023, the company was added to the MSCI Tadawul Index, a benchmark index designed to measure the performance of the Saudi Arabian equity market. The company’s inclusion in the index is a testament to its financial strength and market position.

In conclusion, the sale of Sahara Plaza has positively impacted Arabian Centres Co.’s financial performance. The company’s strong balance sheet and healthy liquidity position make it a sound investment option in the shopping mall industry in Saudi Arabia.

Associated Ventures and Partnerships

Collaborations and Joint Ventures

Sahara Plaza Mall has been involved in several collaborations and joint ventures to enhance its operations and expand its reach. One of these partnerships is with the Saudi Food Security Company, which aims to enhance food security in the Kingdom of Saudi Arabia. Sahara Plaza Mall has partnered with the company to provide fresh produce to its customers through the mall’s food court.

Another notable partnership is with the Tadco Partnership, a joint venture between Sahara Plaza Mall and the Saudi Greenhouses Management and Agri Marketing Co. The partnership focuses on developing high-tech greenhouses designed to operate under specific climatic conditions, including temperature, humidity, and irrigation. The goal is to increase crop yield, improve the marketing system, and introduce high-value varieties.

Sector-Specific Investments

Sahara Plaza Mall has also invested in various manufacturing industries to support the Kingdom’s Vision 2030 plan. One such investment is in Topian, which specializes in hydroponic greenhouse facilities. Sahara Plaza Mall has partnered with Topian to introduce new technologies and techniques to traditional agriculture, which will help improve crop yield and reduce water usage.

Sahara Plaza Mall has also invested in Neom, a city that is being built in the northwest corner of Saudi Arabia. The city is being developed as a hub for innovation and technology, and Sahara Plaza Mall is one of the companies that is helping to build the infrastructure for the city.

Another investment is in Waja Co, a joint venture between Sahara Plaza Mall and a company in Egypt. The joint venture focuses on the production of electric vehicles, which will help reduce the Kingdom’s reliance on fossil fuels and support the development of a sustainable transportation system.

Overall, Sahara Plaza Mall’s collaborations and investments demonstrate its commitment to supporting the Kingdom’s Vision 2030 plan and its efforts to diversify the economy. By partnering with companies in various sectors, Sahara Plaza Mall is helping to drive innovation and growth in the Kingdom.

Regulatory and Market Environment

Stock Market Presence

Sahara Plaza is a mall in Riyadh, Saudi Arabia, sold for SR200 million ($53.3 million) by Arabian Centres Co. The company is listed on the Saudi stock exchange, Tadawul, and its stock is traded under the ticker symbol 4321. The sale of Sahara Plaza is part of Arabian Centres Co.’s non-core asset sale program, which aims to optimize the company’s portfolio and generate cash for future investments.

Regulatory Compliance

Saudi Arabia is heavily putting money into building an innovation ecosystem to bring digital transformation to its operations, aiming to build a culture of innovation. The Permanent Executive Committee for Service Centers and Fuel Stations regulates the country’s service centers and fuel stations. The committee ensures that the service centers and fuel stations comply with government regulations.

Sahara Plaza’s sale complied with the regulations set by the government. The mall was sold as part of Arabian Centres Co.’s non-core asset sale program, which aims to optimize the company’s portfolio and generate cash for future investments. The relevant authorities approved the sale, and it was in line with the regulations set by the government.

Regarding stock market compliance, Arabian Centres Co. must comply with the regulations set by Tadawul, the Saudi stock exchange. The company is required to disclose all material information to the public promptly. The company’s stock is traded on both the Main Market and the Parallel Market.

In conclusion, Sahara Plaza’s sale complied with the regulations set by the government and the stock market. Arabian Centres Co. is committed to complying with the regulations set by the relevant authorities and is focused on optimizing its portfolio and generating cash for future investments.

Local Community and Social Responsibility

Community Engagement

Sahara Plaza, located in the Al Raed district of Al Ahsa City, has always been committed to engaging with the local community. As part of its Corporate Social Responsibility (CSR) initiatives, Sahara Plaza has been actively involved in supporting community development and promoting social welfare in the region.

Through its various community engagement programs, Sahara Plaza has contributed to the betterment of the local community. These programs include supporting local schools, providing vocational training, and promoting cultural events. Sahara Plaza encourages its employees to volunteer their time and skills to help the community.

Supporting Local Development

As part of its commitment to supporting local development, Sahara Plaza has been actively involved in the Saudi Vision 2030 program. The program aims to diversify the economy and reduce the country’s dependence on oil. Sahara Plaza has been able to contribute to this program by investing in non-core assets and focusing on its growth pipeline.

Sahara Plaza has also been successful in its Non-Core Asset Sale Programme, which has generated SAR 2 billion in profits. This financial strength has allowed Sahara Plaza to continue to invest in the local community and support its growth.

Under the leadership of Alison Rehill-Erguven, Sahara Plaza has maintained its commitment to social responsibility while also focusing on its growth and development. With its strong financial position and commitment to the local community, Sahara Plaza is well-positioned to continue to be a leader in the region.

Frequently Asked Questions

What are the main attractions in Sahara Plaza?

Sahara Plaza is a popular destination in Riyadh, Saudi Arabia, offering a variety of shopping, dining, and entertainment options. Some of the main attractions include:

• Hokair 2GO, an indoor amusement park with rides, games, and activities for all ages
• Magic Planet, a family entertainment center with arcade games, bumper cars, and more
• Cinemas, showing the latest movies in comfortable and modern theaters
• A variety of international and local fashion brands, including H& M, Zara, and Max
• A food court with a range of cuisines, from fast food to traditional Arabic dishes

Can you list the dining options available at Sahara Plaza?

Sahara Plaza has diverse dining options catering to different tastes and budgets. Some of the popular restaurants and cafes include:

• Starbucks
• McDonald’s
• KFC
• Pizza Hut
• Shawarmer
• Al Tazaj
• Baja Fresh
• The Sandwich Gallery

How can I find a store directory for Sahara Plaza?

Visitors can easily find a store directory for Sahara Plaza by checking the mall’s official website or mobile app. The directory lists all the stores and their locations, making navigating the mall and finding specific brands or products easy.

What are the operating hours for Sahara Plaza?

Sahara Plaza is open seven days a week, from 10:00 am to 11:00 pm. However, some stores and restaurants may have different opening and closing times, so visitors are advised to check with individual businesses for their schedules.

Are there any luxury brands available at Sahara Plaza?

While Sahara Plaza is known for its affordable and mid-range fashion brands, some luxury brands are available for shoppers looking for high-end products. Some of the luxury brands include:

• Michael Kors
• Coach
• Tory Burch
• Armani Exchange
• Calvin Klein

What facilities and services does Sahara Plaza offer to visitors?

Sahara Plaza offers a range of facilities and services to ensure a comfortable and enjoyable shopping experience for visitors. Some of the facilities and services include:

• Free Wi-Fi throughout the mall
• Prayer rooms for men and women
• ATMs and currency exchange services
• Wheelchair and stroller rentals
• Valet parking and ample parking space
• Customer service desk for inquiries and assistance

Overall, Sahara Plaza is a vibrant and exciting destination in Riyadh, offering something for everyone.

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