Saudi Arabia’s real estate major Rikaz Properties last month completed infrastructure works for its Al Rawda residential development in Jubail.

The announcement comes amid increasing demand for residential units in Jubail, situated in the Eastern Province of the kingdom.
Following the completion of infrastructure works valued at SR100 million ($26.66 million) – which included a paved road network, lighting works, an electrical grid, and water and sewerage pipeline networks – Rikaz submitted the required reports and drawings to the Municipality of the Eastern Region and the Jubail Municipality, before forwarding them to the Notary Public in Jubail for land registration.
This allowed the firm to present buyers with their deeds, and enabled investors to take possession of the land and commence their projects. The land set aside for mosques in the development was also registered with the Authority of Islamic Affairs, Endowment, Dawa and Guidance.
Commenting on the project, Sheikh Khalid bin Hassan Al Abdulkarim Al Gahtani, president of Hassan Al Abdulkarim Al Gahtani Holding Group, the parent company of Rikaz Properties, emphasised the importance of new projects, particularly residential ones, in and around Jubail.
“Jubail is a hub for major primary industries,” he said. “The city has a promising real estate market as the demand for residential units is soaring, fuelled by the entry of thousands of new employees to work in the factories, which has led to short supply and high rent values. The Eastern Fleet in King Abdul Aziz Naval Base has also increased the demand for residential units in the city.”
“Al Rawda incorporates all the facilities and features that make a project a lucrative investment opportunity, such as prime location, wide area, modern infrastructure and services,” he added.
Spread over an area of 2 million sq m Al Rawda, faces the Naval Base on King Abdul Aziz Street on the Eastern side, and is flanked on the west by the Dammam– Jubail Highway, strategically placing the development between two major highways, both of which are just a few minutes’ drive from downtown Jubail and Jubail Industrial City.
The project boasts a state-of-the-art infrastructure, including a comprehensive road network, pavements, lighting, a complete water and sewerage pipeline network and a complete electricity grid, covering the entire project.
In addition, it offers both boys’ and girls’ schools, nursery schools, mosques, children’s play areas, a centre for governmental services, health centres, green areas, a social centre, and multiple parking bays.