Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Big housing complex planned for Jeddah  Join our daily free Newsletter

MENAFN - Arab News - 22/12/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093592019%26title%3dBig-housing-complex-planned-for-Jeddah Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093592019%26title%3dBig-housing-complex-planned-for-Jeddah Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Arab News) Prince Mansour bin Miteb, municipal and rural affairs minister, has announced the construction of 5,000 housing units which will be completed in three years as part of the Salman Bay Housing Project.

The first phase of the project is estimated to cost in excess of SR 1.5 billion. This was disclosed during a ceremony yesterday hosted by Jeddah Development and Urban Regeneration Company (JDURC) to launch the construction phase of the residential suburbs project at Salman Bay on Durrat Al-Arous Road.

Prince Mansour declared that housing projects in Saudi cities come under the guidance and in line with the aspirations of Custodian of the Two Holy Mosques King Abdullah and Crown Prince Salman for the city of Jeddah to become a model city in order to meet housing requirements and the needs of Jeddah's citizens in a high-quality and livable residential environment.

He explained that the handling of housing requirements is going through a series of projects including housing, developed land distribution and other projects. He pointed out that such projects would meet the increased demand for housing and mitigate the housing crisis in big cities.

Prince Mansour commended the Jeddah Municipality and JDURC's leaders for their efforts in serving their country and the well-being of Saudis, as Salman Bay Housing Project represents one of JDURC's mega housing projects in order to deal with housing problems and meet Jeddah's requirements and its needs of housing units.

Prince Mansour said the residential suburban project at Salman Bay will serve as a model for similar projects in other Saudi cities., especially that many countries worldwide have implemented the idea of suburbia which is reflected positively in communities as well as contributed to urban development and created typical residential suburbs with modern standards and energy-efficient integrated solutions.

Salman Bay Housing Project is considered part of the future expansion of Jeddah. It will accommodate around 25,000 units of building apartments with a total area of approximately 3 million sq. meters.

Prince Mansour inaugurated the construction phase of the project in the presence of Hani Aburas and CEO of JDURC Walid Abdel-Aal.

The project will accommodate 5,000 typical housing units with integrated facilities and services with an implementation period of three years at an estimated cost SR 1.5 bn. He unveiled the memorial plaque to mark the launching of the project.

The opening ceremony included a visual presentation about the project since its inception, its progress and future prospects.
Addressing the ceremony, Mayor Aburas expressed his happiness at the attendance of Prince Mansour.

"The project creates a typical residential suburb with integrated services and facilities in order to meet the needs of all societal classes," Aburas pointed out.

He added that the residential suburban projects are a feature of developed cities in the world.

JDURC is a public company owned by the Jeddah Municipality which will spearhead Jeddah's transformation into a vibrant and distinguished city through vital urban development projects in line with the aspirations of the government.

This is in order for the city of Jeddah to become a model city and to meet the needs and expectations of Jeddah's citizens and visitors as well as to achieve the aspirations of Makkah Gov. Prince Khaled Al-Faisal and Jeddah Gov. Prince Mishaal bin Majed for Jeddah to become a world-class city.

The project will have 25,000 housing units in 1,250 residential buildings, 24 mosques, 14 schools, a hospital and two polyclinics, in addition to a Red Crescent station, a police station and other facilities.

 






  MENA News Headlines
May 24 2013Stalin police criticism sparks anti-Semitism row in Russia ,AFP
(MENAFN - AFP) An explosive comparison made by a liberal Russian politician between Stalin's agents and Hitler's secret police has provoked a storm of abusive criticism in Russia that has been ...

May 24 2013Hitler's shadow looms over anniversary of VW hometown ,AFP
(MENAFN - AFP) Europe's number one carmaker Volkswagen is not keen on celebrating the 75th birthday of its German hometown of Wolfsburg on Sunday because of the long shadow cast by Adolf Hitler ...

May 24 2013Fashion brands say street crime threatens Paris tourism ,AFP
(MENAFN - AFP) The streets of Paris are getting a reputation of being unsafe for tourists and this is a threat to business by the great brand names of French fashion, a top body representing the ...

May 24 2013Journalism on verge 'of extinction' in DR Congo: media NGO ,AFP
(MENAFN - AFP) Journalists' lives are in danger and they are being prevented from reporting freely in areas of eastern Democratic Republic of Congo that are controlled by armed M23 rebels, the NGO ...

May 24 2013Air China orders 100 Airbus A320 jets worth $8.8 bn ,AFP
(MENAFN - AFP) Air China said on Friday it had ordered 100 Airbus A320 series medium-range single-aisle passenger jets, which carry a catalogue price of $8.8 billion (6.8 billion euros). Air China ...

May 24 2013Landmark Swiss-China trade deal on horizon in July ,AFP
(MENAFN - AFP) Switzerland and China could sign a landmark free-trade agreement as early as July, the Alpine country said Friday, as Beijing seeks to underscore its growing global ties via deals ...

May 24 2013China's Catholics show fervour in Shanghai celebration ,AFP
(MENAFN - AFP) Thousands of Chinese Catholics gathered in Shanghai on Friday for a celebration to honour the Virgin Mary, in a show of religious fervour permitted by the Communist-ruled ...

May 24 2013Ivorian student anger over university revamp ,AFP
(MENAFN - AFP) Last year's reopening of Ivory Coast's universities was a grand affair, turning the page on a bloody leadership crisis that had forced their closure with new lecture halls, added ...

May 24 2013News Corp approves split into two firms June 28 ,AFP
(MENAFN - AFP) News Corp said Friday its board approved the breakup of the media-entertainment conglomerate headed by Rupert Murdoch into two separate companies, to be effective June 28. Murdoch ...

May 24 2013Default should be option for eurozone nations: Bundesbank ,AFP
(MENAFN - AFP) The head of the German central Bundesbank Jens Weidmann said on Friday that eurozone countries should be able to default, a possibility which the EU has gone to great lengths to ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help