Project FinanceBrief
Mas Engineering awarded Lemar Commercial Complex contract in Riyadh
Al Ajlan Real Estate contract covers 135,000 sqm mixed-use development with 22-storey hotel, 10 office buildings and 50+ retail units.
Mas Engineering & Construction has been awarded the contract to build the Lemar Commercial Complex in Riyadh for Al Ajlan Real Estate. The mixed-use development has a built-up area of 135,000 square metres. The contract value and construction timeline have not been disclosed.
22-storey hotel tower and office buildings#
The Lemar Commercial Complex is centred on a 22-storey hotel tower with 345 rooms. The development also includes 10 office buildings and more than 50 retail units. Mas Engineering & Construction will build the hotel, office and retail components, along with landscaped areas and outdoor spaces. The company is an EPC contractor based in Dammam, Saudi Arabia.
Infrastructure contract preceded building award#
In May 2026, Mas Engineering & Construction partnered with Saudi Entertainment Ventures and Saudi Binladin Group on the Ta'awon Entertainment Complex in Dammam. That contract covered the design and construction of infrastructure and underground utilities for a site exceeding 350,000 square metres. The infrastructure package included over 133,000 metres of underground utility networks. The Lemar award takes the contractor into a building contract combining hotel, office and retail space.
Contract award and development timeline#
Al Ajlan Real Estate is the developer of the Lemar Commercial Complex. Mas Engineering & Construction stated the award adds to its track record in hospitality and commercial projects. The contract covers the construction of the hotel tower, office buildings, retail units and outdoor areas. No completion date has been published.
Hotel and office demand in Riyadh#
Demand for hotel rooms and office space in Riyadh is expected to continue ahead of Expo 2030 Riyadh. The Lemar Commercial Complex will add 345 hotel rooms and 10 office buildings to the city's supply. The development includes landscaped and outdoor spaces alongside the built components. The contract was awarded to Mas Engineering & Construction by Al Ajlan Real Estate.
Sources2 sources across 2 domains
- cbnme.comcbnme.comContract award to Mas Engineering & Construction, 135,000 sqm built-up area, 22-storey hotel with 345 rooms, 10 office buildings, 50+ retail units, landscaped areas
- meconstructionnews.commeconstructionnews.comAl Ajlan Real Estate as client, Mas Engineering & Construction based in Dammam, 22-storey 5-star hotel with 345 rooms, 10 office buildings, 50+ retail units
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