Tuesday, October 14 - 2008

Emaar, The Economic City unveils sea-side residential units at Bay La Sun Village

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has unveiled a sea-side residential tower within the recently launched Bay La Sun Village in KAEC.

  • Saudi Arabia: Wednesday, November 28 - 2007 at 12:23
  • PRESS RELEASE


Artist's rendition of Bay La Sun.
Artist's rendition of Bay La Sun.

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Apartments in the sea-side Marina Tower 4 will be released for sale from 2nd December at the Sales Centre in King Abdullah Economic City and Riyadh Sales Centre on King Fahad Street.

The Marina Tower will feature a range of apartments - most of them facing the Red Sea - and offering several amenities for residents including pools and children's play areas. Set amidst canals and in easy access to a Marina, the tower will be an integral part of the Bay La Sun Village, which opened to overwhelming sales response recently.

Residents can also enjoy a host of amenities that are part of the Bay La Sun Village including leisure facilities, retail outlets, schools, mosques, medical centres and community areas. Twenty-four hour security and maintenance support are standard.

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.




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Notes and media contacts

Potential investors can call 8001180010.

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. Established in September 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, development and execution 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

Nivine William / 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
Medilyn Manibo Posted by Medilyn Manibo, Assistant News Editor
Wednesday, November 28 - 2007 at 12:23 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Saturday, December 01 - 2007


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