#Project - Jeddah: "Aknan", Res.

Source: Gulf Construction, May 2008

Aknan – Integrated Residential Developments in Jeddah and Riyadh

Owner: Aknan Construction Development
Budget: $3 billion
Scope: The project calls for building integrated residential communities developments in Saudi Arabia, starting in Jeddah and Riyadh. The developments are expected to be similar to Rihab and Medinati (My City) developments in Egypt.
Status: According to sources close to the project, Talaat Moustafa and Al Oula have signed agreement to jointly develop integrated residential communities developments in Jeddah and Riyadh cities first, then in other major cities of Saudi Arabia.

Starting Date: June 2008
Completion: December 2013

Al Riyadh Article

Gulf Construction