Rikaz Real Estate development of ‘Abyat Al Khobar’ project continues

Rikaz Real Estate continues to develop the infrastructure of the Abyat Al-Khobar scheme, which shines in one of the most vital locations on King Fahd Road in the city of Al-Khobar.

The Eastern Province project is one of the largest residential and entertainment projects in the region with a total area of more than 700,000 square meters.

The development of the area includes the extension and implementation of sewage, water, electricity, telephone, lighting, road construction and asphalt works for the entire scheme.

With 71%, of road leveling, work is underway to implement all development works with the highest levels of efficiency and the best international standards.

Khalid bin Hassan Al-Qahtani, Chairman of the Board of Directors of Rikaz Real Estate Company said that this project is one of the most important projects in the Eastern Province, due to its many exceptional characteristics. “The most important characteristic is the unique strategic location in an area with a rapid development renaissance and a growing population influx, in addition to the vast plot area that gives investors the opportunity to implement exemplary housing and entertainment projects in harmony with the Kingdom’s development in the tourism and real estate sector.”

Al-Qahtani pointed out that the project has a promising future, as it is being developed with the highest quality to be the first destination for those who aspire to live or invest in real estate “thanks to its smart planning and innovative design that keeps pace with modern and vibrant societies with the integration of its services, and the ingenuity of its divisions.”

The project was divided into 1,012 plots with a total area of more than 410,000 square meters, giving the project plots an exceptional spaciousness that provides its residents with the highest quality of life.

“Abyat Al-Khobar project is an extension of the qualitative projects being developed by Rikaz to constitute a milestone in the investment scene in the major cities of the Kingdom, meet the aspirations of investors, and keep pace with the rapid urban renaissance witnessed by the Kingdom within its ambitious plans in accordance with Vision 2030.” Al-Qahtani indicated.

About Rikaz

We passionately believe in our theme of ‘Rising Beyond’. We are there to help build the dreams and aspirations of families looking for a place to call home, and of entrepreneurs who want to turn their ideas into reality. Our projects are a place where people can enjoy entertainment experiences that go well beyond traditional shopping. As we move closer to the date set by Vision 2030, RIKAZ will continue living our brand promise of ‘Rising Beyond’, to create communities that are happier, healthier and more prosperous. We are here to build the long-term future of our country.

Our mission is to create attractive, innovative and sustainable real estate development projects that foster a community spirit. We aim to achieve consistent, risk-adjusted returns on investment for our shareholders, value for clients and professional growth opportunities for employees.