King Abdulaziz Medal Awarded to Al-Fozan and Alshaya in Recognition of Their Company's Initiative to Develop the King Salman–King Fahd Road Intersection
Riyadh: SPA
In implementation of the Royal Decree, Engineer Ibrahim bin Mohammed Al-Sultan, Minister of State, Member of the Council of Ministers, and CEO of the Royal Commission for Riyadh City, presented the Fourth Class of the King Abdulaziz Medal to businessmen Abdullah bin Abdul Latif Al-Fozan and Mohammed bin Abdulaziz Alshaya.
This honor was bestowed in recognition of their company's (Shomoul Commercial Complex Company) initiative to develop the intersection of King Salman Road and King Fahd Road, where the company's Avenues Riyadh project is located, at a cost of SAR 646 million.
Al-Sultan expressed appreciation for the leadership's commitment to honoring individuals with pioneering initiatives and contributions in the private sector that support the development movement. He commended the significant role of the private sector as a key partner in the ongoing development of the capital, Riyadh.
He noted that such projects and qualitative initiatives contribute to enhancing the quality of life and improving the level of services provided to the city's residents, thereby achieving the objectives of Saudi Vision 2030.
