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JEDDAH — Ewaan Global Residential Company, the exclusive developer of Alfareeda Residential Project in the area north of Jeddah, announced that it has started receiving the first phase title deeds of the project’s 320 villas that were recently issued by the notary in Jeddah.
Eng. Fadi Qassim, CEO of Ewaan Global Residential Company, explained that arrangements are currently ongoing in order to transfer ownerships to the buyers in the first phase villas. He expressed great appreciation for the various governmental institutions that support this unique residential project. Eng. Qassim also extended his sincere thanks to all those involved in the development and success of Alfareeda project.
“We are proud of this achievement and we greatly value the trust that Ewaan customers gave us in choosing Alfareeda to be their new residential address,” said Eng. Fadi. “We will continue our commitment to meeting the demand for affordable residences in the Saudi market, through high-quality residential communities and integrated facilities that serve our targeted segment of the population, while remaining true to our values, self-respect and our customers› trust,” he added.
Ewaan is considered one of the pioneering developers of residential communities in the Kingdom. The company was established through a strategic partnership involving some of the most prominent institutions, companies and businessmen in the region, including the Islamic Corporation for Private Sector Development (ICD) which is affiliated with the Islamic Development Bank (IDB); Al Numu Real Estate Development Company (a member of the SEDCO Group); the Public Pension Agency and the International Bank for Development (IBD).
© The Saudi Gazette 2016
