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| Emaar Middle East awards contracts within Al Khobar Lakes Emaar Middle East, a property development associate company of Emaar Properties PJSC focused on the Middle East region, has awarded construction contracts for the first two residential villages in its Al Khobar Lakes development to several leading Saudi Arabian contractors. Ground leveling work, excavation and other construction aspects will begin shortly. Al Khobar Lakes is one of the largest gated communities in the Eastern Province and the Kingdom, and Emaar Middle East had recently unveiled the first residential villages – Al Nada and Al Ghadeer – as part of the first phase of the project. Customer response to the villa communities was overwhelming. The initial construction will focus on over 470 villas that make up the Al Nada and Al Ghadeer Villages. The construction schedule has been so planned to ensure hand-over of homes before the end of 2010. Infrastructure development contracts will be awarded soon with the bids having opened to select the contractors. A lakefront gated community, Al Khobar Lakes is a 4.3 million sq m development featuring 80,000 sq m of serene water bodies. The first phase of the project has a development value of SR4.6 billion (US$1.2 billion) and has over 2,000 private villas in a series of nine villages with educational complexes, community centres, retail and leisure amenities. write your comments about the article :: © 2008 Construction News :: home page |