Construction on Jeddah project to start in 2009

Keppel Land, one of Asia's leading property developers, feels the time is right to invest and develop a premium site in Saudi Arabia. This is despite the fact that economic uncertainties and stock market volatility continue to weigh down sentiments in the property market.

The reason is that population growth and an increasingly robust middle class are fueling a boom in high-end real estate development in Saudi Arabia, where government reforms are encouraging dynamic construction activity.

With the Jeddah Municipality's recent move to develop the Jeddah Corniche into one of the world's striking seafront developments, Keppel Land, one of whose specialties is seafront property development, saw an opportunity to make a major foray into the Kingdom's real estate sector.

The project is a 300-meter high waterfront development, consisting of two landmark residential towers with more than 900 luxury apartments, designed to meet the demand in the Kingdom's niche market of luxury lifestyle.

The residential complex will feature all the amenities and technological advancement of the 21st Century.

It is being developed by Keppel Al Numu, the recently formed joint venture between Keppel Land and the Saudi Economic and Development Company (SEDCO).

The company will handle the project from start to finish -- beginning from the first half of next year and complete it by 2013. The project is expected to cost around SR3 billion.

Keppel Land Group is excited about their first venture in the Kingdom, and this was reflected in Group Chief Executive Officer Kevin Wong's assessment. "We are excited that our venture into Saudi Arabia is a landmark waterfront development in Jeddah, the Kingdom's commercial and recreation hub, and our experience and expertise in developing large-scale integrated lifestyle developments will stand us in good stead in Jeddah."

Ang Wee Gee, executive director & CEO, international, of Keppel Land International Ltd. -- an arm of the Keppel Land Group, too echoed this sentiment. "With strong economic growth and accelerated economic reforms in the Kingdom, Jeddah has enjoyed high growth in real estate in recent years," he said.

"Jeddah's north corniche is a prime real estate location with its long sea frontage and cluster of new lifestyle developments. The city is also seeing a growing trend toward high-rise luxury apartments designed and developed by reputable developers. This is where Keppel Land will bring its superior quality in execution and management to bear on this new market," Ang said.

He was also cautiously optimistic about the project being completed on time despite the global economic crisis taking its toll on every region. "I am optimistic because of the core strength of the Keppel Land Group. Also our partners in this project are strong," he said.

"The global financial crisis will definitely impact everyone and many countries have slipped into recession or technical recession and this will slow growth and investments," Ang said.

http://img374.imageshack.us/img374/2300/s4s61dzg3.jpg

^^ for showing us your hot middle finger inappropriately??? or for what?

Iconic towers in Jeddah

Jeddah’s coastal skyline will undergo a dramatic transformation with the development of premium homes in Al Nawras, which is part of the high-end North Corniche residential precint.

Set against the Red Sea, the iconic 300 m high waterfront development consisting of two residential towers, will represent the epitome of luxurious living in the commercial capital of Saudi Arabia.

Developed by Keppel Al Numu, a joint venture between Keppel Land and the Saudi Economic and Development Company (SEDCO), the luxury apartments are designed to meet the Kingdom’s increasing demand for luxury lifestyle concepts that feature all the modern amenities and technological advancements of 21st century living.

The waterfront development will feature about 1,000 homes and enjoy a 220 m sea frontage. The popular residential precinct also features international hotels such as The Westin, Hilton and Sheraton, and established F&B outlets.

Conveniently accessible via main roads, the site is a 15-minute drive from the International King Abdulaziz Airport Jeddah and a 10-minute drive from the luxury retail belt – Tahlia Street. It is also a five-minute drive from the Red Sea Mall, the largest retail hub in Saudi Arabia.

http://www.keppelland.com.sg/News3Q2008/img/pic_8a.jpg
^^

http://img520.imageshack.us/img520/9277/p1060733fl8ro4.jpg (http://imageshack.us)

http://img258.imageshack.us/img258/6565/p1060732fl1in8.jpg (http://imageshack.us)



http://aycu28.webshots.com/image/35587/2000812211069767265_rs.jpg

^^ for showing us your hot middle finger inappropriately??? or for what?

WHT THE HELL U TALKING ABT...???????:cheers:

^^ my bad, entirely my fault. I didn't see anything on your post apart from the word 'sorry' initially. Now I see the real stuff.

http://www.skyscrapercity.com/showthread.php?t=549952
(first association in my head)

The design on the first render reminds me of those ridiculous Dubai Marina Towers (or whatever the name was...)

yeah maan it looks familiar.

A view of the plot from Google Earth
http://img220.imageshack.us/img220/1/nawrasresidentialtowersau4.jpg

http://img93.imageshack.us/img93/3531/nawrasresidentialtowersen7.jpg

nice twins. hope they'll build it even during the crisis

New jeddah waterfront needs more like this twin ... ain't crisis in here :D

http://http://aycu28.webshots.com/image/35587/2000812211069767265_rs.jpg

jeddah looks fantastic :)

What happens when high wind blows a branch off a top-floor palm-tree? The branch falls on the swimming pool, or the tennis courts?

Very nice project. I hope it gets real. :)

Nice design.

Love the design!

yeah very classy

Looks good

btw nawras in arabic means gull.

By Saudi Guy

Full Size (http://img14.imageshack.us/img14/7250/p1070427e.jpg)
http://img14.imageshack.us/img14/7289/p1070427.jpg

http://img15.imageshack.us/img15/1479/p1070430g.jpg

poor design

I think the towers look fantastic! What this will be a view from the top floors over the sea!

It looks massive if you ask me! I like it.

nice twins. hope they'll build it even during the crisis

Saudi Arabia have lots of money. Much more then the emirates all together. Its the biggest oil producer in the world!

Jeddah will become like Dubai we must keep a eye on that city in the future.


Its gonna boom like hell in the future thats for sure!

Very beautiful design. Gardens on terraces are a plus !

Good job!

I like the terraces with the vegetation on those towers...Looks very good...

the final design:
http://img30.imageshack.us/img30/291/mewfa.jpg

^^

The design is awesome!!! :cheers:

This is definitely jeddah's best tower better than lamar.

interesting design. Better than any dubai project.

love the design, reminds me of a project in Korea but this must surely be a part of Jeddah development alongside kingdom tower.

by the moderator this project is already underconstruction... :)

On Saudi forum:

the final design:
http://img30.imageshack.us/img30/291/mewfa.jpg

Is this the final render?!!! I hope so :banana: :banana: :banana: :).

:cheers: I'm so excited very good for Jeddah (the second Dubai?) :cheers:

^^ they are under constructions already :)
21/3/2009
Full Size (http://img14.imageshack.us/img14/7250/p1070427e.jpg)
http://img14.imageshack.us/img14/7289/p1070427.jpg

http://img15.imageshack.us/img15/1479/p1070430g.jpg

Jeddah is very fantastic tower in saudi Arabia. It has nice architecture.
____________________
Boutique Hotels Sydney (http://www.diamant.com.au)

^^^^

Originally Posted by Saudi guy
21/3/2009


Any updates since then?

Massive buildings

Some renders :

http://img237.imageshack.us/img237/1889/119200933626amsiteplan.jpg

http://img231.imageshack.us/img231/6402/119200934003amnawras04.jpg

http://img193.imageshack.us/img193/6300/119200934515amview5.jpg

http://img231.imageshack.us/img231/1157/119200940157amnawras05.jpg

http://img693.imageshack.us/img693/8829/119200940722amperspecti.jpg

http://img199.imageshack.us/img199/723/119200941039amlivingroo.jpg

http://img402.imageshack.us/img402/6401/119200941810ampanthouse.jpg

http://img199.imageshack.us/img199/2144/125200982812amalmada3.jpg

It has been almost exactly a year since the last update. Could somebody get a picture of the towers? I would think that they are 20-30 floors above the ground, or more, by now.

Yes, any new updates since last year ????????

By Saudi Guy

Full Size (http://img14.imageshack.us/img14/7250/p1070427e.jpg)
http://img14.imageshack.us/img14/7289/p1070427.jpg

http://img15.imageshack.us/img15/1479/p1070430g.jpg

can't help but it seems this project is far away from U/C!
in the pictures above we can see rising towers.
checked out in Google Earth and photos taken on 1st July 09 showing the site is empty!! so wat's on?! :dunno:

It's On Hold ??!!

Posted on saudi forum:

I snapped these photos around the lunch break:

05.06.2010

http://center.jeddahbikers.com/uploads/jb12757665721.jpg

http://center.jeddahbikers.com/uploads/jb12757665722.jpg

http://center.jeddahbikers.com/uploads/jb12757665723.jpg

http://center.jeddahbikers.com/uploads/jb12757665724.jpg

Just barely u/c now! What the hell were those pictures from before of? :bash:

Anybody hear about the mile high thats suppose to be built here?

^^ Actually Kingdom Tower, and most likely it won't be mile high. The thread is here:

http://www.skyscrapercity.com/showthread.php?t=525819

Yeah, "only" 3200+ft. :lol:

^^ Well, for mile heigh tower it is only :D

It seems they still don't even have main contractor:

Bid deadline extended on Jeddah’s Al-Mada Towers

At least nine groups have prequalified for the estimated $533m contract

Keppel Al-Numu Development has extended the deadline for bids to build the SR2bn ($533m) Al-Mada Towers in Jeddah. Contractors now have until 7 August to submit bids for the scheme.

The original bid deadline was 15 July, but this has been extended to allow contracting groups more time to finalise submissions for the 82-storey tower. The contract is now expected to be awarded in December (MEED 28:5:10).

At least nine contracting groups have already prequalified for the multi-tower project. They include:

Al-Rajhi Group (local), Al-Habtoor Leighton (UAE/Australia)
Arabtec Construction (UAE)
China State Construction Engineering Corporation (China)
Hyundai Engineering & Construction (South Korea)
Samsung Corporation (South Korea)
Saudi Arabian Construction Company (ACC) (Lebanon)
Saudi Binladin Group (Saudi Arabia)
Saudi Oger(Saudi Arabia)
Ssangyong Corporation (South Korea)
Designed by the local Saudi Diyar, the 425,000-square-metre project includes an 82-storey tower, with eight floors of shared space and two 74-storey towers. The towers include 1,000 apartments, helipads on the roofs and separate technical floors for mechanical, electrical and engineering equipment.

The common areas will include a basement, five-storey podium, car park, two-storey clubhouse and healthcare spa. The podium terrace will also feature an amphitheatre, tennis courts, swimming pools and landscaped family areas.

The completion date on the project has also been extended to the second quarter of 2014. Al-Mada Towers was first scheduled to begin in mid-2009 and finish in 2013, but the project was delayed due to financial concerns.

Keppel Al-Numu Development was created in 2008 and is a joint venture of Singapore’s Keppel Land Limited and the local Saudi Economic and Development Company (Sedco).

Source: meed.com (http://www.meed.com/sectors/construction/real-estate/bid-deadline-extended-on-jeddahs-al-mada-towers/3007946.article)


At least things still moves forwarld.

i wish Arabtec won :)

because they really have a great history about constriction works

saudi binladin good ,but i think its good to gives another company chance

and saudi oger is really bad company " personal opinion "

and the rest of them i have no idea :dunno:

this is the real design guys :
http://img824.imageshack.us/img824/6346/38459349.jpg

it's a nice towers for jeddah .

^^ some times googles has errors or you cant tell where the photo ends? ^^
wierd

update:

http://proxybuss.com/browse.php?u=Oi8vc3RhdGljLmZsaWNrci5jb20vMzAvOTgxNzMyODlfYjZhZWI1NWE3Yl9iLmpwZw%3D%3D&b=5
cool

how far is it from the kingdom tower plot?

How big is the Proposed(?) Kingdom City supposed to be?
Im guessing Kingdom Tower is going to be in the centre?

how far is it from the kingdom tower plot?

aprox 15 km

aprox 15 km

thats a lot. thought the project may be good for the proposal if more is being built around it, but this isnt then

@kanye
omgomgomg was a troll, so we don't know if the pic he posted is really of this project. It's most likely it is something different.

@kanye
omgomgomg was a troll, so we don't know if the pic he posted is really of this project. It's most likely it is something different.

no that render is in the correct location, must be the final

What render? omgomgomg posted a supposed construction update. There was no render there.

^^srry i was confused, i dont even see a post by omgomgomg

http://www.diyar.com/pictures.aspx/124_mada-web1.jpg?id=124

http://www.diyar.com/pictures.aspx/125_al-mada-web-2.jpg?id=125

http://www.diyar.com/pictures.aspx/127_al-mada-web-4.jpg?id=127

http://www.diyar.com/pictures.aspx/126_al-mada-web-3.jpg?id=126


1Lfkj2vehcA


http://www.almadatowers.com/

cross-posting from sa thread:

some activities in site yesterday.plus some sort of work on what it looks like a sales center, the project board and palm trees plantation.

15.07.2011

http://center.jeddahbikers.com/uploads/jb13107343071.jpg

http://center.jeddahbikers.com/uploads/jb13107343072.jpg