Jenan to develop four new Saudi community projects
RIYADH, March 9, 2017
Saudi-based Jenan Real Estate Company has signed contracts for four new development projects - Laguna, Alkhobar Gardens, Alkhobar Residence, and Villagio.
A major player in the region, Jenan Real Estate is majority owned by Saudi Shareholders (with 51.4 per cent stake) along with GCC investors, who have 48.6 per cent share. Inovest, a Bahrain-based Shariah compliant investment company, owns 5.3 per cent of the company’s equity shareholding.
The company is engaged in real estate activities such as the acquisition and development of residential projects including villas, duplexes, residential complexes and towers.
The Laguna residence project comprises 32 waterfront villas, located in front of the Laguna Park and overlooking the central lagoon. The villas are the epitome of luxury with spacious living areas and stylish interior design, reported Arab News.
Alkhobar Gardens, located in The Ramlat Juman master plan in the Azizya Area, boasts 33 villas with four different villa models.
Alkhobar Residence projects has 134 apartments and four buildings, all with a sea view, while Villagio project comprises 36 luxurious restaurants in Alkhobar with a large car parking space.