Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Ewaans Participation in Restatex Highlights Expansion into Riyadh Residential Real Estate Market  Join our daily free Newsletter

MENAFN Press - 29/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN Editorial) Ewaan Global Residential Company, one of the leading real estate development companies in the Kingdom of Saudi Arabia, is Gold Sponsor of the Riyadh Real Estate, Housing and Urban Development Exhibition (RESTATEX) which will be held April 27 “ 30, 2014 at Riyadh International Convention and Exhibition Center.

At RESTATEX, Ewaan will showcase its flagship project Alfareeda, the hugely successful real estate development project in the north of Jeddah, and its latest project Almayaar located adjacent to Alfareeda. In addition the company is announcing its expansion into the Riyadh market.

Commenting, Mr. Riyadh Al Thagafi, CEO of Ewaan Global Residential Company, said: "We are delighted to be participating in RESTATEX as Gold Sponsor and look forward to connecting with customers and welcoming them to our booth where they will learn about the tremendous advances we have made in raising the level of residential real estate development in the kingdom to the highest international standards.

"Following the success of Alfareeda we are now expanding our development activities to Riyadh where we see a promising market with great potential and where we have already acquired a land on which to build residential units which will be announced later on"

"The main challenge facing Ewaan and any developer is to structure the right product for the right price, while another issue facing real estate companies is the availability of skilled labor and increasing costs," added Al Thagafi. "Keeping prices affordable is the key to success and I can confidently say that Ewaan has achieved this at Alfareeda where we have exceeded the owners' highest expectations in the quality of the construction and finishing, while fulfilling our promise to deliver affordable housing supported by a world class infrastructure and service facilities in an idyllic setting of tranquility and beauty."

A model of modern town planning, Alfareeda, the largest residential project in the kingdom, haseen specifically designed to create an elevated lifestyle environment for the middle income class in response to the call of the Custodian of the Two Holy Mosques and his government for the private sector to play a leading role in meeting the ever growing demand for affordable home ownership by Saudi citizens. Following the great success of Alfareeda in Jeddah and growing expertise the company gained from the project, Ewaan is planning to launch a similar mega residential project in Riyadh.


Alfareeda is being developed phase by phase, with each phase a sellout as soon as the units go on the market. The first three phases comprising of 1,200 units have been sold out. Construction work in Phase One is more than 80% complete including infrastructure facilities such as roads, lights, water treatment plant, power station and mosque. The first residential units are currently in the process of hand over, while the community center designs are now finalized and work will commence very soon.

Phase four, the final stage of Alfareeda comprising of 500 units, will be launched later this year.

Ewaan's second project north of Jeddah is Almayaar, which will be constructed on a site next to Alfareeda and is designed to offer alternative affordable residential apartments for small families. The master plan for Almayaar is now ready after going through a series of improvements increasing the green areas in the project for a modern lifestyle living. The project will be launched soon.

Now in its 16th year, the Riyadh Real Estate, Housing & Urban Development Exhibition & Forum is the largest annual real estate event for investors and buyers in Saudi Arabia and expects to receive 50,000 visitors. The event is under official patronage represented by the Ministry of Housing and the Ministry of Industry and Trade. In addition, RESTATEX includes official participation by the Riyadh Development Authority and Riyadh Municipality, while Riyadh Chamber of Commerce and Industry is a strategic partner.


About Ewaan
Ewaan Global Residential Company, owner of Alfareeda residential project, is a leading real estate developer established through the strategic partnership of some of the region's strongest financial and development institutions including the Islamic Corporation for Private Sector Development (ICD), which is affiliated to the Islamic Development Bank

 


MENAFN Press




  MENA News Headlines
 Mar 29 2017 - Samsung NeuroLogica and MedyMatch Technology Announce Strategic Alliance to Bring 'A.I.to theMENAFN Press
(MENAFN Editorial) TEL AVIV, Israel and DANVERS, Massachussetts, March 29, 2017 /PRNewswire/ --MedyMatch Technology, Ltd. and Samsung NeuroLogica Corporation, the healthcare subsidiary of Samsung ...

 Mar 29 2017 - IS holds terrified civilians as human shields in Syrian cityThe Peninsula
(MENAFN - The Peninsula) BEIRUT: Residents of the northern Syrian city of Raqqa live in terror, trapped as a massive human shield in the Islamic State's de facto capital ahead of the final battle ...

 Mar 29 2017 - Arab leaders endorse two-state solution, say ready for reconciliation with IsraelThe Peninsula
(MENAFN - The Peninsula) Dead Sea, Jordan: Arab leaders said on Wednesday at the end of a one-day summit in Amman that they would be ready to have a historic reconciliation with Israel in return ...

 Mar 29 2017 - Qatar- Prime Minister meets Boris Johnson and Amber RuddThe Peninsula
(MENAFN - The Peninsula) Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani met at his residence in London yesterday with the UK Foreign Secretary Boris ...

 Mar 29 2017 - Qatar- RAF dispatches urgent aid to drought-hit KenyaThe Peninsula
(MENAFN - The Peninsula) Sheikh Thani bin Abdullah Foundation for Humanitarian Services (RAF) has started dispatching urgent humanitarian aid to drought-hit African countries. The RAF has already ...

 Mar 29 2017 - Qatar- 4 million textbooks distributed to Syrian refugee studentsThe Peninsula
(MENAFN - The Peninsula) RAF has supplied four million textbooks at a cost of QR8.2m to Syrian students sheltering in Turkey. More than 314,000 students benefited from the project in 22 ...

 Mar 29 2017 - Unesco to organise YouthMobile workshopThe Peninsula
(MENAFN - The Peninsula) Unesco Doha Office is organising a YouthMobile coding workshop in Qatar next month under its initiative 'YouthMobile through which young people are introduced to computer ...

 Mar 29 2017 - Qatar- Four water wells dug in MoroccoThe Peninsula
(MENAFN - The Peninsula) Sheikh Thani bin Abdullah Foundation for Humanitarian Services (RAF) has dug four surface-water wells in the rural areas of Morocco. More than 1,000 poor families ...

 Mar 29 2017 - Qatar Charity launches emergency relief campaign in KenyaThe Peninsula
(MENAFN - The Peninsula) As a part of their on-going efforts, Qatar Charity (QC) launched an emergency relief campaign in Kenya aimed at providing food and medical supplies to at least 10,000 ...

 Mar 29 2017 - Qatar- Emir's message to President of BulgariaThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani yesterday sent a written message to the President of the Republic of Bulgaria, Rumen Radev, pertaining to bilateral relations ...

more...


 





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

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help