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Real Estate

Ajdan Real Estate Development launches SAR 250 million Bayfront Project in Al-Khobar, Saudi Arabia

Ajdan Real Estate Development Company, a leading lifestyle destination developer in Saudi Arabia, has signed a contract with Al-Muhaidib Group to develop, market, and operate “Bayfront”, which will include the Kingdom’s first Blue Flag-certified international standard beach at Al-Khobar Corniche.
 
Bayfront will be located on the northern part of Al-Khobar’s beach, spanning over 100,000 square meters from the shore and a 1,600-square meter island. 
 
The SAR 250 million ($66.5 million) project offers a variety of retail, a mix of upper casual and fine-dining restaurants as well as leisure and recreational features that are suitable for families and visitors to get away and enjoy beach life on the stunning east coast”, said Abdul Qadir Al Muhaidib, Senior Portfolio Manager at Al-Muhaidib Group.
 
Mr. Mohammed Al-Otaibi, CEO of Ajdan Real Estate Development Company, said: “Bayfront offers exceptional quality-of-life to transform Al-Khobar into one of the top 100 global cities which is one of the Saudi Vision 2030’s realization plans.
 
“We will follow the Blue Flag requirements to increase the quality of services in the project’s facilities and enhance the region’s beach experience by developing an extraordinary destination to attract visitors to Al-Khobar,” Al-Otaibi stated.
 
The Blue Flag standards include stringent international technical and environmental requirements and conditions compatible with the Kingdom’s principles in supporting the environment’s safety and promoting its recreational and tourism credentials.
 

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