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Jun 30 2012

King Abdullah Economic City completes 232 residential units of the Beach Towers 1 And 2 In Bay La Sun Village

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Saudi Binladin Group

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King Abdullah Economic City completes 232 residential units of the Beach Towers 1 And 2 In Bay La Sun Village

Luxury residential units built to the highest construction standards
King Abdullah Economic City, June 30, 2012: King Abdullah Economic City (KAEC) has announced the completion of Beach 1 and Beach 2 Towers at the Bay La Sun Village on the coast of the city. Saudi Binladin Group ( SBG ), developer of the Beach Towers, handed over the two towers in a special ceremony attended by Mr. Fahd Al Rasheed, Managing Director and CEO of KAEC, and Eng. Nawaf Bakr Binladen, Deputy Managing Director at SBG - PBAD, in the presence of a number of senior executives from KAEC and SBG . The handover ceremony was followed by a tour of the beach towers, visiting a fully furnished apartment, and then ending it with lunch at one of the restaurants located in B1 tower.

The Beach Towers consist of 232 residential units with a breathtaking views of the Red Sea, which have been built in accordance with the highest construction standards to meet the city's needs for luxury residential units that fulfill the aspirations of those who wish to enjoy the superior quality of life offered by KAEC.

At KAEC Beach Towers, residents will enjoy a range of world-class lifestyle amenities including recreational facilities such a gymnasium, a swimming pool for adults and another for children, a multi-purpose hall and a 235 square meter park. In addition, there is a parking lot that accommodates more than 188 vehicles and special residential rooms for drivers in each building. the beach towers also includes retail outlets, restaurants and cafes with prime waterfront locations in the midst of a magnificent landscape promenaded with scenic views of the Red Sea.

"We welcome the accession of the first two Beach Towers to the list of KAEC completed projects and are happy to start the handover process of the residential units to our costumers. In general, construction of residential and commercial properties are proceeding at a rapid pace and we are well on the way to realizing the city's vision to become a great enabler of socio-economic development in the Kingdom of Saudi Arabia." Said Mr. Fahd Al-Rasheed.

"At the same time as focusing on the residential areas, we are moving steadily ahead with our plans for the sea port, the industrial zone, the Education City and the Central Business District, Making KAEC fully dependable on its self as envisioned by The Custodian Of The Two Holy Mosques, King Abdullah bin Abdulaziz," concluded Mr. Al Rasheed.

The Beach Towers are located at the Bay La Sun village, which extends over an area of 2.3 square kilometers within KAEC. When completed it will provide residents with world-class recreational, dining, water sports and tourism facilities, as well as integrated business centers, four stars luxury hotel, mosques, health centers and security services.

-Ends-

© Press Release 2012

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