|
The First
Semi-Annual Report on Hamadanyah Fund
On 10.01.2005
Recently
we completed the general layout of Al-Hamadanyah
Model District, east of the highway (the site of the Fund). The number
of plots is 747 with a total area of 815,000 square meters. The average
area per plot is between 600 and 618 m2. The area earmarked for
buildings represent 63% of the total area of the site and the remaining
area has been reserved for the district’s utilities and facilities,
which include commercial facilities, pedestrian paths, gardens, clinics
and government facilities.
To plan the site in accordance with the standards of model districts in
modern Jeddah, we have engaged the services of Adham Consultations
Office to design roads access, street intersections, place plot boundary
markers and to supervise the implementation of all phases of the project
development. So far 30% of works on site have been completed.
Also we have engaged the services of the Daghestani Office to design the
electricity network of which all works have been completed. With respect
to development civil works we have engaged the services of Engineer Omar
Al-Mehmadi Office who carried out street paving, cables laying and
street lighting, foot paths, and lamps.
Land levelling has been completed. It should be noted that one of the
features of Hamadanyah Model District site is its elevation above sea
level. The site is connected to neighbouring districts through paved
roads that lead to the Ring Road Highway. It is situated on a plateau
that slopes towards west, giving a unique view of the city of Jeddah and
King Abdul-Aziz International Airport.
So far the planning and compacting of 50 meter roads surrounding the
district (about 1.74 km in length) has been completed. Also completed is
the planning and compacting of the 30 meter streets that go through the
district (about 3.84 km in length). Thus, the project contractors has so
far complied with the set timetable for handing over the site.
Praise be to Allah, the area of Hamadanyah
District is witnessing a significant increase in the number of developed
land plots which augurs well for achieving the projected returns for the
investors, Allah willing. |