Business & Money | Thursday 16 April, 2015 7:26 am |

Ewaan Global Residential Company has announced the completion of phase one of its Alfareeda residential project and has already begun delivering the 324 villas to their owners.

At a ceremony celebrating the occasion, attended by dignitaries and government officials, Ewaan’s Chairman Anees Moumina expressed his delight at the commencement of the handover saying that this achievement reaffirms the status that Ewaan has fostered and proves the company’s ability to respond to the challenges of meeting the Kingdom’s housing needs.

Alfaeeda has set an exemplary model of how a world-class infrastructure should be established as the basis for a modern residential community. The technologically advanced public facilities include fiber optics telecommunications, a road network designed to avoid traffic congestion and a storm drainage system and rain bypass tanks to prevent flooding in the event of severe weather conditions.
The project will feature a complete community center covering 19,000 sqm. The center’s exterior design will feature a modern interpretation of the Arabian style that gives Alfareeda its identity.

Riyad Al-Thagafi, CEO of Ewaan, said: “Today, we are pleased to see that the first owners of the phase one villas have already started to move into their new homes, where they will make use of the completed public facilities such as mosques, the public parks and football pitch, as well as the many logistical services that are available.
The project has already earned Ewaan two awards in the Cityscape Jeddah Awards for Real Estate in Saudi Arabia, in the categories Best Residential Project — Future Award, and the Community and Culture Project Award.

Ewaan started 2015 with the announcement of three new residential projects — Al-Mayar, which is adjacent to Alfareeda; Al-Jawan in Riyadh; and Limas gated housing project in Alhamra district south of Jubail City.