Saudi: Ruwais development to demolish 6,500 units
JDURC has announced that 6,500 residential units in Saudi Arabia's Ruwais neighbourhood will undergo an infrastructure transformation
The first phase of Jeddah’s Ruwais neighbourhood demolition project, which will develop 6,500 new housing units, will begin on 3 August, 2016.
Jeddah Development & Urban Regeneration Company (JDURC) plans to transform one of the city's oldest neighbourhood into a built-up urban district for 63,000 residents, according to Saudi Gazette.
Ibrahim Kutabkhana, president of JDURC, explained: "Prince Khaled Al-Faisal, Emir of Makkah and adviser to Custodian of the Two Holy Mosques, has issued orders to start implementing first phase of the project and disconnecting electricity and other utility services in a phased manner."
“Priority will be given to the existing landlords to develop their properties themselves,” Kutabkhana added.
Ruwais is one of 52 underdeveloped neighbourhoods in Jeddah that have been identified as lacking proper infrastructure facilities and utility services.
“There are several firms, which came forward to finance the project, including provision of compensation worth $613.3bn (SAR2.3tn) for expropriation of properties, and building infrastructure and utility services in Ruwais," Kutabkhana concluded.