THE Royal Commission for Riyadh City (RCRC)  has signed up global real estate advisory  JLL as the leasing advisor for the entire commercial network of Riyadh Metro.

As per the deal, JLL will leverage its expertise and extensive market knowledge to execute a comprehensive retail strategy encompassing tenant mix, rental analysis, and leasing cycles for 733 commercial units across 85 stations and 2,900 bus stops.

The state-of-the-art rapid transit system is projected to serve 3.6 million daily commuters, offering lifestyle retail and F&B brands daily exposure to a vast and diverse urban audience.

These retail units within the Metro network will establish new commercial corridors and enhance the daily commuter experience, providing easy access to a choice of prime shopping and dining experiences for both residents and tourists.

These outlets create key investment opportunities for retail units through extensive brand visibility avenues, including co-naming rights, in-station advertising, and dedicated kiosks, it stated.

On the big win, Dana Williamson, Head of Offices and Business Space for Mena at JLL, said this is a powerful affirmation of our commitment to championing Saudi Vision 2030 and its ambitious urban transformation goals.

JLL will leverage its local market knowledge to develop a robust leasing and tenant mix strategy for Riyadh Metro network.

It will execute the full leasing programme as well as manage tender bids for retail units and ATMs. Also it will oversee tenant management - from the initial handover to its opening.