Business & Money | Sunday 20 December, 2015 4:27 am |

King Abdullah Economic City (KAEC) has contracted Salim Al Harth Establishment to develop the infrastructure for the Beach Community 3 development at the city. The contract is worth SR42 million.

 

Under the terms of the contract Al Harth will develop all the underlying infrastructure for the development, including roads, wiring, utility connections and piping.

 

“Development at KAEC is moving forward in line with the city’s strategy, delivering on our commitments to our customers and maintaining our commitment to the very highest international standards of quality,” said Mr. Fahd Al-Rasheed, Managing Director and CEO of King Abdullah Economic City. “Our Beach Community residences offer an exceptional quality of life, defined by extraordinary scenic surrounds and proximity to world-class health and leisure facilities.”

 

Beach Community is an exclusive coastal neighborhood in the high-end Murooj district of the Economic City. Comprising 220 plots of residential land, the neighborhood enjoys sweeping views of the unspoiled Red Sea coast and is in close proximity to the world class Royal Greens Golf and Country Club. 

 

The Beach Community developments have attracted significant interest from the market. The first two developments are both fully sold out and Beach Community 3 is already 70 percent sold.

 

“KAEC offers a model, modern lifestyle combining economic prosperity and an outstanding residential environment,” said Mr Sayad Al-Harth, General Manager of Al Harthi. “We are very proud to have this opportunity to contribute to the city’s continued development.”