Jeddah, Saudi Arabia, January 6 2008: Emaar Middle East, a property development associate company of Emaar Properties PJSC focused on the Middle East region, has awarded contracts to two companies - Al Ta’afuf and the Saudi Building and Development Management Company - to develop infrastructure for the company’s flagship project, Jeddah Gate.
Al Ta’afuf and the Saudi Building and Development Management Company will build the water, waste management and drainage infrastructure, in addition to putting in place the electric supply infrastructure, side walks and walk-ways throughout the project.
Eng. Alaa Abdullah Saed, Chief Executive Officer of Emaar Middle East; Mr Mahmoud Chaaban, General Manager of Saudi Building & Construction Management Company; and Mr Rahif Ibrahim, General Manager of Al Ta’afuf signed the deal in Jeddah, recently.
Eng. Saed said: “These contracts mark an essential and effective step towards developing the Jeddah Gate project, which requires a reliable and extensive infrastructure. The first development in Jeddah’s new downtown area, the project will include residential, commercial, cultural, educational and entertainment factors.”
Mr Chaaban said: “Building the infrastructure is one of the most challenging phases in any development and we will provide the highest quality of infrastructure to meet the demands of the Jeddah Gate project by implementing the highest standards possible.”
Jeddah Gate, located in the heart of the city, is positioned on two sites; the first is spread over 413,000 sq m and is located along King Abdullah Street, and the second is spread over 140,000 sq m along Abdullah Al Suleiman Street. The project will comprise 6,000 residential units, 230,000 sq m of commercial space and 75,000 sq m of gross area for retailers.
Jeddah Gate will feature amenities such as schools, offices, mosques, hotel, residential units, walkways, parks, swimming pools, fitness centres, children’s play areas, day care centres and recreational areas. A wide boulevard with high-end retail outlets and restaurants are also included in the development plan. Residents can look forward to hi-speed Internet and telecom connectivity, advanced security systems, 24-hour maintenance support and ample parking throughout the project to add to the convenience of residents and visitors.
Interested investors and potential buyers can visit the Jeddah Gate sales center on King Abdullah Street near the old airport. For more information, log on to: http://www.emaar.com/ or call: 800 12 36227.
Saudi Arabia plays a key role in Emaar’s growth strategy of geographic expansion and business segmentation in line with its Vision 2010 to become one of the most valuable companies in the world.
