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Mada Al Sharqiah Complex

Owner/Developer Saudi Arabia Ministry of Housing
Estimated Value US$ 25,000,000
Sector Infrastructure
Sub Sector Residential Development
Country Saudi Arabia
City Dammam
Capacity 6 buildings , 300 housing units approx. Feasibility Start Date Q3-2018
Status Feasibility Study Project End Date Q2-2021
Owner/Developer Saudi Arabia Ministry of Housing
Estimated Value US$ 25,000,000
Sector Infrastructure
Sub Sector Residential Development
City Dammam
Country Saudi Arabia
Capacity 6 buildings , 300 housing units approx.
Feasibility Start Date Q3-2018
Status Feasibility Study
Project End Date Q2-2021


Project Overview


Background

Saudi Arabia's Ministry of Housing is planning to develop a housing project called Mada Al Sharqiah in Dammam, Saudi Arabia. This will comprise of about 300 housing units and 6 buildings.

Saudi Arabia’s government has launched a new scheme to provide housing aid to its citizens, in the hope of ending a shortage of homes which has depressed living standards and is politically sensitive for the government.

After social discontent prompted uprisings elsewhere in the Arab world in 2011, King Abdullah announced a plan to build 500,000 homes in Saudi Arabia over several years. Some $67 billion of state funds were earmarked for the plan.


Scope of Work

Scope of work includes the construction of the following:

  • 300 housing units approx
  • 6 buildings
  • Garden area
  • Security and other features
  • Car parking area
  • Roads
  • Signage
  • Utility networks


Finance

Saudi Arabia's Ministry of Housing is financing this project.


Related Companies


Owner/Developer

Saudi Arabia Ministry of Housing
Riyadh 11527, Saudi Arabia
Tel: +966 11 407 0100
Email: info@housing.gov.sa
Web: www.housing.gov.sa
Mada Al Sharqia Real Estate
Makkah Al Mukarramah St, Al Ulaya, Al Khobar 34446, Saudi Arabia
Web: www.mada-co.com.sa


Related Contacts


Saudi Arabia Ministry of Housing

Name: Majid bin Abdullah bin Hamad Hugail
Designation: Minister for Housing
Telephone:+966 11 407 0100
Name: Abdullah Alenzy
Designation: Project Manager
Telephone:+966 114 070 100


Updates

Oct 2018
Saudi Arabia's Ministry of Housing has announced the development of Mada Al Sharqiah Complex in Dammam region of Saudi Arabia.

Location