Today, Thursday, May 21, 2015, Dammam will host the auction for the Fouad Square development, Abdullah Fouad Holding Company and Youssef Mohammed Al-Dosari Real Estate Consulting Company have completed all preparations for the launch of the project, which is located on King Fahd Road, stretching 422 square meters toward the airport, next to the new government complex and the Al-Ghoroub development, and across from the new Al-Rashid complex, on a total area of 264,000 square meters. Lot sizes in the development range from 1,850 to 2,600 square meters, and commercial and service lots are also available.
Abdulrahman Fahd Al-Sumeit, Director of the Land Department at Abdullah Fouad Holding Company, explained that the public auction for the project will take place at the Sheraton Hotel, amid expectations of fierce competition among real estate developers and investors, given the new vision the development offers to the The real estate project meets the aspirations of investors in the Eastern Province for various real estate products and specialized residential units that address the growing demand in this sector.
The companies behind the project have completed all services in accordance with the highest construction quality standards, in line with all the projects these companies have traditionally launched, through which they have earned a strong reputation backed by the development and execution of numerous projects that have been well-received by investors, and have succeeded in providing innovative and advanced real estate solutions in the Eastern Province, which remains a promising investment destination.
The Fouad Square development is considered one of the modern projects that addresses the need for specialized spaces and creates a suitable business environment, and meets the real estate sector’s need in the region for such environments and advanced infrastructure, which has been equipped with all essential services.
The project has been approved and developed with high-specification, high-quality services in line with the requirements of real estate and investment development in the region, in addition to its distinctive strategic location, which makes it an attractive destination both now and in the future, The Fouad Square development represents added real estate value to the region’s real estate sector; it is the result of years of experience in the real estate market and was created with a scientific and engineering vision that keeps pace with modern developments in the creation of mixed-use developments, Its distinctive services accommodate a wide range of activities and allow for future expansion, making it one of the best real estate options available to beneficiaries, whether in terms of the quality and comprehensiveness of services or its prime location.
