Phase1 of SR6 billion Jeddah Gate unveiled by Emaar Middle East

In a statement made available to Khaleej Times here, Emaar said that Jeddah Gate, located in the heart of the city, is positioned on two sites. The first is spread over 413,000 square metres and is located along King Abdullah Street and the second is spread over 140,000 sq m along Abdullah Al Suleiman Street in close proximity to the main railroad linking Makkah and Madinah to Jeddah. The project will comprise 6,000 residential units, 230,000 sq m of commercial space and 75,000 sq m of gross leasable area for retailers.

"With Jeddah Gate, Emaar is bringing to Saudi Arabia its core competency of developing master-planned communities that deliver a new way of living," said Issam Galadari, managing director, Emaar International, Middle East and North Africa. "Jeddah Gate will be a self-sustaining lifestyle community with elegant homes, convenient office space, retail outlets and amenities such as schools, mosques and cultural centres," he added.

"Jeddah Gate forms a key component of Jeddah's new downtown area, which has been designed by the global architectural firm HOK and will spread over 12 million sq m.," said Alaa Abdullah Saed, chief executive officer, Emaar Middle East. "As one of Saudi Arabia's top development projects to create a central business district in Jeddah, Emaar's project is built to become the new centre of the city and drive inward investments to the Kingdom," he added.

Jeddah Gate will feature amenities such as walkways, parks, swimming pools, fitness centres, children's play areas, daycare centres and recreational areas. A wide boulevard housing high-end retail outlets and restaurants is also included in the development plan.

Residents will have hi-speed Internet and telecom connectivity, advanced security systems, and 24-hour maintenance support.

"Jeddah Gate is a high aspirational project that addresses the requirements of the modern Saudis. The project's overall architectural philosophy will conform to Arabesque traditions while blending most-modern facilities to ensure a unique, relaxed lifestyle," Galadari said.

Besides Jeddah Gate in Saudi Arabia, Emaar is currently spearheading the development of King Abdullah Economic City, the largest private sector-led development in the region.

The Kingdom plays a key role in the company's development strategy of geographic expansion and business segmentation in line with its Vision 2010 to become one of the most valuable companies in the world.