EWAAN Signs Infrastructure contract for Al Fareeda Residential Project

Jeddah – KSA: Ewaan Al Fareeda signed the Infrastructure contract for Al Fareeda Project (phases 1 & 2) with Al Basaami Trading and Contracting Co.  The agreement will be the start of the first steps in executing and implementing the project.

The agreement was signed at Ewaan’s headquarters in Jeddah by Engineer Fahed Bin Mohammad Al Moutawe - CEO of Ewaan, and Mr. Saad Mohamad Al Basami representative from Al Basaami Trading and Contracting Co. in the presence of a number of representatives from both companies.

The project aims at establishing a modern residential environment with the latest services and advancements that would suite and comply to the needs and desires of middle class members with medium income. The major feature of this project is its location. Being located in the rapidly growing section of Northern Jeddah city, the project will offer all the basic life needs with an elegant style that will provide a social coherence between all society members and Saudi values and traditions.

Engineer Fahed Bin Mohammad Al Moutawe, CEO of Ewaan, stated: “The company, and since its start, has always had a vision to serve middle class members through providing residential services with competitive prices. All of this falls under the fact that the middle class members form a large percentage of the Saudi society and are on always seeking a specialized company with services and products that meets their needs and the modern life style they follow in providing added value services”.

He also added that such residential projects will – and without any doubt - decrease the construction rush that the major cities are witnessing especially by moving the crowds and traffic into nearby neighborhoods with up to date infrastructure.