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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: [email protected] 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 |