01 June 2020

Raza, the real estate arm of Saudi Public Pension Agency and a subsidiary of Al Ra’idah Investment Company, said work is well advanced on two of its major residential developments in the kingdom – East Village and Jeddah Obhur City – which are due for delivery in the third quarter.

East Village is the residential cluster of Digital City in Riyadh, an ambitious project of Raza and the kingdom’s first integrated, community living development.

Digital City features commercial, retail and residential offerings underpinned by international-standard amenities and facilities. It is a community for the innovative and forward thinkers and fosters the spirit of a knowledge-based economy, stated the Saudi developer.

The Digital City project comprises two phases. Phase One, which is already completed, offers significant office space in multiple configurations across 400,000 sq m of commercial buildings, as well as a conference centre and a Crowne Plaza hotel.

East Village is the second phase of the project, a residential community featuring 2,200 units built around a community retail plaza. Combined together, these two facets of Digital District form a modern and inclusive mixed-use community destination, said Raza.

East Villa will feature key amenities such as a community mall, parks, and children day-care centres.

On the Jeddah Obhur City development, Raza said it is one of the largest urban residential projects in Saudi Arabia. Situated north of Jeddah, this mixed-use development will deliver a new standard of community living to residents, it added.

The development boasts thousands of apartments and  retail, entertainment and public amenities.

According to Raza, Obhur City has been developed with a unique masterplan over more than 2.5 million sq m. It offers a variety of residential configurations of two- and three-bedroom apartments with different layouts. Phase One houses over 2,500 residential units, which are in the final stages of construction.

Along with residential properties, Obhur City features a number of commercial units in different sizes and layouts, stated the Saudi developer.

Once these projects are delivered in the third quarter, Raza wil emerge as the largest community landlord in Saudi Arabia, it added.  

• Acwa consortium inks deal for RO desal plant
• Raza’s developments on track for delivery
• Over 9,000 homes delivered
• Sabic to build utility scale battery factory
• Work to resume at Grand Mosque
• Saudi Binladin slashes jobs as Covid crisis bites
• TRSDC awards solid waste management deal
• Doosan unit delivers compressors to Ejar
• Fluor to provide consultancy for AGIC propane complex
• $167m health projects launched
• In brief

Tags

Kuwait Railways Lighting Quarrying Forklifts & Boom Lifts Lifts & Escalators Just Out Regional News Saudi Focus UAE Focus Events Legally Bound Real Estate Architecture & Design Contractors Interiors Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.