Ewaan awards SR 92 m contract to Ruwad for 185 villas in phase 1 and 2

Ewaan awards SR 92 m contract to Ruwad for 185 villas in phase 1 and 2
Updated 28 June 2012

Ewaan awards SR 92 m contract to Ruwad for 185 villas in phase 1 and 2

Ewaan awards SR 92 m contract to Ruwad for 185 villas in phase 1 and 2

Ewaan Global Residential Company has awarded RCC (Ruwad Civil Construction) a contract for the construction of 185 villas in phase 1 and 2 of the Alfareeda residential project in North Jeddah.
With a total value of SR 92 million, the contract comprises 95 villas in Phase 1 valued at SR 48 million and 90 villas in phase 2 valued at SR 44 millions.
"RCC is renowned for the construction of a number of prestigious projects in Jeddah and based on the high quality of its work and excellent track record of on schedule completion we had no hesitation in selecting the company for our flagship residential project," said Fahad Al-Mutawae, CEO of Ewaan, developers of the Alfareeda residential project. "The project is moving according to schedule and 80 percent of infrastructure work in phase one is complete. In addition, with the onsite show villas now open for viewing, we are keenly looking forward to welcoming prospective buyers to take a look at the superior residential units we are offering in the urban extension of the city that is already known as New Jeddah."
Shaher Altaqi, chairman of RCC, said: "Alfareeda residential project is the largest of its size and one of the most important developments taking place as Jeddah expands to the north, opening up the opportunity for Jeddah's middle class citizens to locate themselves and their families in a new environment of tranquil beauty, yet equipped with a state-of-the-art infrastructure and conveniently close to the new and planned institutions and facilities that are defining New Jeddah as a world class modern city in its own right. Therefore we are proud to be part of this great project that will make the dream of home ownership a reality for those who choose the superior quality lifestyle that Alfareeda offers."