The final phase of 'Souq 7,' the largest open mall in Saudi Arabia by area, is set to be completed in Jeddah by the end of 2025. Located at Kilometer 7, the mall currently houses 1,200 stores, with plans to add 2,000 more by Q1 2025. Upon full operation, the mall is expected to capture 12% of the total market share for malls in Jeddah and Makkah, estimated at SAR 18 billion. Spanning over 700,000 square meters, the mall includes 114 buildings, with a leasable area of 400,000 square meters and a development cost of SAR 1.5 billion. The project aims to achieve annual retail sales exceeding SAR 2 billion and create over 24,000 jobs.