The new cluster features apartments and duplex apartments that offer boulevard and waterfront views.
Located on the vibrant Bay La Sun Village Boulevard, the new community is an exclusive gated neighbourhood that ushers in a metropolitan lifestyle. Residents can enjoy a range of lifestyle amenities including easy access to the promenade and the Boulevard featuring an extensive array of boutique outlets and restaurants.
Mr Nidal Jamjoom, Executive Director for Commercial Affairs, Emaar E.C. said: “The launch of the new residential units in King Abdullah Economic City is in line with the overall city development plan to offer opportunities for people to live and work in a unique and modern environment. Bay La Sun Village is the first integrated residential community within KAEC, and is setting a new trend in defining modern lifestyles in the Kingdom.”
The homes will feature modern fittings and quality finishes, and advanced telecom and entertainment connectivity. Other community amenities include fitness centre for residents, swimming pools, underground parking, high-end retail outlets, and children’s play 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. The first phase of the project including the Bay La Sun Village, Industrial Zone and Sea Port has been launched to strong investor response. Work is progressing on the various components according to schedule.
Emaar launches sale of new residential units in King Abdullah Economic City
Emaar, The Economic City (Emaar E.C.), the Tadawul-listed company developing King Abdullah Economic City (KAEC), recently launched the sale of residences within a new integrated residential community in Bay La Sun Village.
- Saudi Arabia: Saturday, March 29 - 2008 at 10:40
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About Emaar, The Economic CityEmaar, The Economic City (Emaar E.C.), established in September 2006, 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. Emaar.E.C has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Thirty per cent of the equity, worth SR2.55 billion, was offered for public subscription.
Emaar.E.C leads the master-planning and development of the 168 million sq m 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
Posted by Medilyn Manibo, Assistant News EditorSaturday, March 29 - 2008 at 10:40 UAE local time (GMT+4)
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