Aramco to build 8,000 employee homes in Saudi
The development will span 10sqkm of land in Dhahran, with Azmeel Contracting appointed to build the first 955 homes
Saudi Aramco plans to build 8,521 homes for its employees, as well as schools and community facilities, on 10sqkm of land in Dhahran, the state-owned oil company said on Wednesday, 09 September, 2015, in its weekly magazine The Arabian Sun.
The development is 8km southwest of Saudi Aramco's Dhahran headquarters, it said, without giving a value or a timeframe for completion.
Aramco said it signed a contract with Saudi-based Azmeel Contracting to build the first 955 housing units, Reuters reported.
The contract for the remaining 1,821 dwellings in the first phase of the South Dhahran Home Ownership Program (SDHOP) is also expected to be awarded later this year, it said.
Aramco's workforce grew to almost 62,000 last year from just over 57,000 the year before as the company, which has both the world's largest proven crude oil reserves and largest daily production, expands its activities.
It already has many gated communities.
The largest is at its Dhahran headquarters with a population of 10,000 people.