In implementation of a royal decree, His Excellency Eng. Ibrahim Al-Sultan, Saudi Minister of State, Cabinet Member, and CEO of the Royal Commission for Riyadh City, today presented the King Abdulaziz Medal (Fourth Class) to Kuwaiti businessman Mohammed Al-Shaibi and Saudi businessman Abdullah Al-Fozan.

Honored Achievement:

The awards recognize their company Shumoul Commercial Complex's initiative in developing the intersection of King Salman Road and King Fahd Road—the location of their Avenues Riyadh project—at a cost of 646 million Saudi Riyals (≈$172 million).

Ceremony Highlights:

1. Official Recognition:

   • Saudi Press Agency confirmed the ceremony followed royal directives

   • Project significantly improves traffic flow around the Avenues mall

2. Minister's Remarks:

   • Praised private sector's role as "key partner" in Riyadh's development

   • Highlighted how such projects elevate living standards and service quality

   • Aligned with Vision 2030 goals for urban modernization

3. Strategic Impact:

   • Enhances infrastructure for Riyadh's growing population

   • Demonstrates effective Saudi-Kuwaiti business cooperation

About the Awardees:

• Mohammed Al-Shaibi (Kuwait): Part of the consortium behind the Avenues Riyadh

• Abdullah Al-Fozan (Saudi): Co-developer of the transformative intersection project