Located within the Residential District of KAEC, Bay La Sun is a fully integrated residential community directly overlooking the Red Sea. The elegantly designed luxury apartments come in different sizes and are set amidst placid water canals. Bay La Sun Village will also offer residents a host of amenities including leisure, retail outlets, schools, mosques, medical centres and community areas. Twenty-four hour security and maintenance support are standard.
Bay La Sun offers a unique living environment on the Red Sea with expanded waterfalls and Marinas to give residents, visitors and potential investors the unique experience of living by the Red Sea. The first Bay La Sun homes will be ready for hand over end of 2008.
'We are proud to launch the first residential community in KAEC on schedule. We have ensured that the best quality and design are reflected to meet the goals of this modern city and offer the best living standards for residents,' said Dr Abdulraouf Mannaa, Managing Director, Emaar.E.C.
Sales of the apartment units will be open to Saudis, GGC nationals and foreign investors. Bay La Sun was designed by international consultants and will feature high standards of infrastructure, communication networks and the latest technologies in the Kingdom.
The launch follows the Industrial Zone phase one registration earlier this year which received strong interest from local and international investors.
KAEC is the single largest private sector-led project in the region and has six key components: the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities. Work is progressing according to schedule on the various zones.
Emaar.E.C unveils Bay La Sun Village at King Abdullah Economic City
Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), will unveil its first integrated community, the Bay La Sun Village, as per schedule on September 8, 2007.
- Saudi Arabia: Tuesday, September 04 - 2007 at 16:42
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The sales launch on September 8 will be held from 10am to 10pm at the Sales Centres in KAEC and Riyadh. Potential investors can call 8001180010 or visit www.baylasun.com for more details.About Emaar the Economic City:
Emaar the Economic City (Emaar.E.C) is a Saudi joint stock company managed by Emaar Properties PJSC, one of the world's largest property developers, and a number of high profile investors from Saudi Arabia. Approved for incorporation by the Ministry of Commerce and Industry vide Ministerial Resolution No. 609 dated May 13, 2006, Emaar.E.C has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Shares worth SR2.55 billion were offered for public subscription.
Emaar.E.C leads the master-planning and development of King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.
KAEC, a New Age City being built today for tomorrow's generation of Saudi citizens, has six components - sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
The mega-project works closely with the Kingdom's on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to one million employment opportunities in the various industries and service-oriented companies that will open in KAEC. It will also be home to 2 million residents.
For more information, please contact:
Bashar Kharbat / Saleh Al Hamamy
ASDA'A Public Relations
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196
Fax: (+966 2) 6575277
Nedal Alasaad / Kelly Home
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East & North Africa
Dubai, UAE
Tel: (+971 4) 334 4550;
Fax: (+971 4) 334 4556
Posted by Lara Lynn Golden, News EditorTuesday, September 04 - 2007 at 16:42 UAE local time (GMT+4)
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