JEDDAH: Emaar Middle East, a property development associate of Emaar Properties focused on projects in the Middle East region, has announced on-schedule progress in the infrastructure work of Jeddah Gate, the company’s SR6 billion ($1.6 billion) flagship development.
Emaar Middle East had awarded contracts to a number of leading Saudi companies to develop the Jeddah Gate infrastructure and undertake the construction of various components. Work is currently progressing on schedule, and the first components of the project taking shape.
“Jeddah Gate is a premium integrated community and is billed to contribute to the economic growth of Jeddah. The launch of homes within Jeddah Gate has received an overwhelming customer and investor response highlighting the trust of the Saudi public in the project,” Alaa Abdullah Saed, chief executive officer of Emaar Middle East, said.
“Emaar Middle East is committed to developing the project on schedule by adhering to international best practices and the highest quality standards. Work on the electricity infrastructure, side-walks and walkways are progressing at an accelerated pace alongside the laying out of the first community within Jeddah Gate,” he added.
The mixed-use neighborhood will have commercial, residential, cultural, educational and entertainment amenities - together creating a vibrant lifestyle destination. These will include schools, offices, mosques, hotel, residential units, walkways, parks, swimming pools, fitness centers, children’s play areas, day care centers and recreational areas. It will also feature a wide boulevard with high-end retail outlets and restaurants.
Jeddah Gate is located in the heart of the city and is positioned on two sites. The first is spread over 413,000 sq m and is located along King Abdullah Road, and the second is spread over 140,000 sq m along Abdullah Al Suleiman Street. Currently, work is progressing on the site along King Abdullah Road.
Interested potential home buyers and investors can visit the Jeddah Gate sales center on King Abdullah Road near the old airport area to find out more about the project.