Saudi Arabia’s Ewaan contracts two companies to build Alfareeda project

04 Jul 2011

(MENAFN) Ewaan Global Residential Company signed deals with both the New Job Company and Al-Arjab Contractors to divide up the infrastructure construction of the Alfareeda Residential Project in North Jeddah, Arab News reported.

New Job Company will build 199 villas and Al-Arjab Contractors will construct 170 for the first phase of the 2,088 housing unit, middle-income project, Fahad Mohammed Al-Mutawae, Ewaan CEO, said.

Ewaan decided to hire two contractors to speed up construction to meet high demand for villas, Al-Mutawae said.

The three companies signed the deal for the over 1 million square meter project at the Jeddah International Urban Development and Real Estate Investment exhibition.

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