Al Atheer Real Estate Development Company has reported plans to launch its new integrated, multipurpose development Obhur Park, strategically situated in one of the fastest-growing districts north of Jeddah, near Obhur beach.
Spread over a reclining 1,145 sq km area, Obhur Park will come up as one of the leading large-scale residential developments in Saudi Arabia showing 8,000 apartment-type residential units of different areas and styles to meet the citizens’ requirements.
Giving breathtaking views and combining modern and Spanish architectures, the project will boast various retail and leisure facilities in addition to spacious urban green spaces for making sure more tranquility, independence, and privacy to occupants, provided by the statement from Al Atheer Real Estate.
Obhur Park is the Ministry of Municipal and Rural Affairs and Housing’s only project near Jeddah sea, it further added.
Obhur Park Project gives broadened answers for the private area, focusing on the recipients of Sakani program that is being carried out in association with the Ministry of Municipal and Rural Affairs and Housing, in this way adding to the public endeavors to furnish more residential units with moderate costs and adaptable financing alternatives inside short deadlines and promote real estate industry as a significant contributor of the expansion of the Saudi economy.
The venture is the result of the efforts of Al Atheer Real Estate, a Saudi Alfaf Group organization, to improve the quality of life and cater for the necessities of different age gatherings, as Obhur Park contains numerous offices, including malls, school buildings, mosques, medical care habitats, cafés, bistros, parks, and jungle gyms, said a high ranking representative.
“Obhur Park is one of the most anticipated integrated construction projects, and comes in line with the directives of Saudi King Salman and Crown Prince HRH Prince Mohammed bin Salman to facilitate Saudis’ ownership of suitable accommodation, keep pace with population growth, and meet the growing demand for residential units in all regions,” remarked Saudi Alfaf Group Chairman Sheikh Masood bin Mahdi Al Haider.
“This project supports the endeavors to increase residential ownership among its citizens to 70% by the end of the decade in line with Saudi Vision 2030,” he added.
Al Atheer Real Estate CEO Dr. Turki Al Haider said: “We are proud of our strategic partnership with the Ministry of Municipal and Rural Affairs and Housing, and highly appreciate the efforts of the Ministry, led by Majed Al Hogail, to enhance the private sector’s role as a key partner in driving sustainable development, as well as to provide the residential sector with large-scale projects and modern facilities.“
“Obhur Park is the latest addition to the ambitious construction and housing projects in the kingdom, constructed in accordance with highest standards of sustainability and landscaping to ensure the comfort and welfare of community members,” he stated.
“The project is a residential city that brings together residential towers, shopping centers, green spaces and parks, and a central garden that represents the ‘Project’s Green Heart’ to promote a healthy lifestyle among occupants while ensuring full compliance with environmental sustainability criteria,” he added.