Ewaan accelerates "Alfareeda" first phase implementation after the rise in requests for buying houses

Ewaan Global Residential Company, the leading real estate development company represented by the CEO, Eng. Fahad Mohammad Al Mutawae signed two contracts with New Job Company.

Ewaan Global Residential Company, the leading real estate development company represented by the CEO, Eng. Fahad Mohammad Al Mutawae signed two contracts with New Job Company represented by Eng. Ali Al Qahtani and Al Arjab Contractors represented by Mr. Mazen Rajab to build the infrastructure and electromechanical installation within the 1st phase of  “Alfareeda Residential Project”.

The two contracts have been signed during Jeddah International Urban Development and Real Estate Investment exhibition «Cityscape Jeddah». According to such contracts, the two companies are responsible for establishing the residential units’ infrastructure and electromechanical installation within the first phase of “Alfareeda Residential Project”, where the New Job Company will be responsible for 199 villas, while Al Arjab Contractors will be responsible for 170 villas.

Ewaan’s Chief Executive Officer, Eng. Fahad Mohammed Al Mutawae hopes that the two companies, which are known by high efficiency and commitment in the contracting field, will achieve Ewaan’s overall ambitions from “Alfareeda Project” which aims to establish a developed residential environment over more than two thousand housing units within an integrated services project, commensurate with the middle-income class requirements and possibilities.

Al-Mutawae said: "The requests for acquisitions in the project by the citizens are increased after obtaining the license to sell off-plan from the Saudi Ministry of Commerce and Industry, and that the company is seeking to appoint more than one company to do the required construction works in order to ensure quality and speed of the implementation to deliver the units to the owners within the specified time”.

 “Alfareeda Residential Project” with its unique geographical location in the north of Jeddah will contribute to alleviating the pressure on major cities in terms of traffic, as it is an integrated project comprising 2088 residential units (villas) on more than one million square meter, aims to create a sophisticated residential environment and integrated services in convenient with the middle-income people requirements and capabilities.

Alfareeda will provide the life basic requirements in a rare smooth, calm and comfort manner, in addition to the beautiful architecture external form as a rich addition to the general one, the internal designs completely fitted with the basic requirements of the Saudi environment. Also, Alfareeda project will create a social community that suits the valued social customs in Saudi society which goes along with one of the most important real estate development trends in the Kingdom.