Itqan Real Estate continued to build strategic partnerships with major companies and business firms in the Kingdom, securing an exclusive marketing contract for the (Darb Al-Haramain Residential and Commercial Development Plan), following the signing of an agreement with Al-Inmaa Investment Company, The project comprises 233 residential lots, 66 commercial lots, 22 mixed-use commercial-residential lots, and 20 central commercial lots, in addition to 29 facilities distinguished by services compatible with environmentally friendly buildings in accordance with the Saudi Building Code. All facilities and services for the project, which has a total area of 1,379,739 m², have been completed.
The development is distinguished by its strategic and prime location in the Jeddah Governorate, where it serves as a hub for the city’s most important main roads, The project is of great significance due to its location in downtown Jeddah, in the Old Airport area near the Al-Haramain Train Station and adjacent to King Abdulaziz University and Jeddah Hospital, in addition to its proximity to major commercial centers. This makes it a promising investment and residential hub with its modern andinnovative features that cater to the diverse needs of Saudi families. It features a central park in Jeddah, in addition to 14 other parks.
The agreement signing ceremony was held remotely via video conference. Mr. Abdulaziz bin Fahd Al-Rashid, Chairman of the Board of Directors, represented Itqan Real Estate, while Mr. Fawaz Baghdadi, CEO of Al-Inmaa Investment Company, represented his company.
All preparations for the project have been completed
On this occasion, Mr. Abdulaziz Al-Rashid, Chairman of the Board of Directors of Itqan Real Estate Company, explained that this agreement follows the completion of all preparations for the project, which represents a golden opportunity for those seeking secure real estate investments with high returns, given the promising future Kingdom’s bright future and Jeddah’s economic position as a gateway to the Two Holy Mosques, which are visited by millions of pilgrims, Umrah performers, and visitors annually. Al-Rashid "Al-Rashid" that the company will soon begin the first phase of direct sales for the project through the on-site sales office, as well as via the website and Itqan’s toll-free number.
It is worth noting that Itqan Real Estate recently signed Technical Development Partnership with "Alam," through which it is working to launch a suite of e-services for online real estate auctions in the Kingdom in line with Saudi Vision 2030. “Itqan” will leverage its expertise, skills, and extensive client base in real estate management to achieve the highest possible returns for its partners. Through this partnership, it will open up broad horizons, create fruitful opportunities, and transform a number of concepts in the real estate market.
Dar Al-Haramain Commercial Project in Numbers
Total area: 1,379,739 m².
Expected sales value: 5 billion riyals
The project includes 233 residential plots.
It includes 66 commercial lots.
22 mixed-use lots.
20 central commercial plots.
( Residential Development )
