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Jamjoom and Al Akil sign the agreement.

Sedco inks deal to market residential project

RIYADH, December 31, 2014

Sedco Development, a real estate developer in Jeddah, Saudi Arabia, has signed up Dar Al Wessal, a company specialised in the sale of residential projects, to market its residential units.

These units pertain to the AlAhli Sedco Residential Development Fund and are located in the Salamah District 2 in Jeddah, said a statement from the subsidiary of Sedco Holding Group.

With a wide expertise in the Saudi real estate market, Sedco Development is executing this project on a 25.934 sqm plot of land, which was previously acquired by the fund through Sedco development, the main developer.

This project consists of 372 residential units with different dimensions thus fulfilling the rising demand in the sector of residential units in Jeddah, it added.

"The major attraction is its proximity to key points in Jeddah, such as Al Madinah Road, Heraa and Quraish streets, providing easy access as well as its distinct design for the project, fulfilling all requirements for residential environments aligned with the community’s privacy," said Sedco Development CEO Khalid Jamjoom after signing the deal with Ziad Al Akil of Dar Al Wessal.

It is one of the typical residential projects targeting the middle-to-upper income home buyer especially in terms of what is offered in the real estate market when it comes to design, planning and the distribution of parks and green areas, he added.-TradeArabia News Service




Tags: Saudi | Residential project | Sedco |

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