01 December 2024
Tilal Real Estates, a leading real estate company in Saudi Arabia, has unveiled its premium mixed-use project – Heart of Khobar (HOK) – which will come up in the Eastern Province at an investment of SR6 billion ($1.63 billion).
Launching the project at the Cityscape Global exhibition held last month in Riyadh, Tilal said it is aimed at providing adequate housing for Saudi families in a sustainable and pedestrian-friendly urban environment and promoting an integrated lifestyle in the heart of Al Khobar.
Strategically located in the luxurious Al Rawabi neighbourhood, the HOK project extends over a total area of 268,813 sq m. The project will be implemented in three phases, covering different areas, including residential units, offices, hotels and recreational facilities.
The project features various facilities, including a shopping mall, business park, community centre, cinema, hotels, serviced apartments, co-working spaces and recreational venues, making it an ideal environment for living and working.
The project marks a major milestone in alignment with Saudi Arabia’s Vision 2030, aiming to provide a sustainable, pedestrian-friendly urban environment and foster a fully integrated lifestyle in the heart of Al Khobar, said a top official.
“The Heart of Khobar project is a strategic step towards the future of smart and integrated cities in the kingdom, as it contributes to achieving an exceptional quality of life for residents and visitors alike,” remarked its CEO Abdulrahman AlBassam. “It will be one of the most prominent integrated communities in the kingdom, which embodies the concept of the ‘urban village’,” he stated.
Heart of Khobar will boast a total of 14 components, including residential and commercial facilities, hotels and recreational venues. AlBassam said it will offer a safe and flexible environment for residents with a combination of housing, work and fun in one place.