The Saudis arrive in the former Falck steel mills with an investment of half a billion euro. The brothers Abdulaziz, Salman and Abdul Majeed Fawaz focused on achieving a mega center for trade and an amusement park in the T5 Hall, there where in the seventies was the Tagliaferri blast furnace that produced tons of iron every day. We are in the north east (towards Monza), which housed the huge facility of the plant Concordia, a candidate to become a World Heritage Site. The jobs provided are three thousand. Are the numbers of the development of the company Fawaz plan Riyadh that, as anticipated yesterday by Corriere, enters the urban redevelopment of the former Falck steel mills, an operation of 2.6 billion euro, the most ambitious in Europe. Overall, the area is one million 400 thousand square meters. For their project the three Saudi brothers will buy land for 140 thousand square meters. Will be built around what was expected: the City of Health that will join the Institute of tumors and neurological Besta, green areas for 650,000 square meters, seven schools and kindergartens and homes.
The Fawaz become partners of shareholders of MilanoSesto: the property developer Davide Bizzi and Source group headed by Valter Mainetti. The deal will be closed in days. There are already binding agreements, all kept under strict secrecy, that armored investment. So under the steel structures that will remain intact to remember the times that were, they appear shops with popular brands, recreational activities and cinema. No old design mall, but a shopping spree that winds through open spaces connected to the park. Not only: the intention is to open KidZania, a mini city for children, where children can find everything you need in a real city (shops, offices, fire station, post office, gas station, places police, banks, restaurants, all in miniature) to learn playing. The estimated time for the realization of the project is within five years, the same dateline that today is fixed for Health City.
The group Fawaz Alhokair is homonymous dynasty of entrepreneurs in Saudi Arabia has the keys of the 16 major commercial centers of the Kingdom under the banner Arabian centers, but also of many shopping malls in the United States (a total of 2,100 stores), chain Fas hotels and the construction company Making. The company is listed on the Stock Exchange of Riyadh, with 13,000 employees and presence in 17 countries. The first step of their investment will be the purchase of land, followed by the construction of buildings and the direct management of the spaces: the three brothers work turnkey and investors in the long run because they want to stay on the area to make the project a springboard to the rest of Europe.
whole article published by: labissa.com
new title by: Oceany
photo by: HallPic.com
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