With value of SR300 mln .. local content makes up more than ‎‎85% in Al Jawhara Residence‎

As part of the Kingdom’s ambitious plans to achieve Vision 2030, which aims to stimulate and sustain the economy, and achieve diversification by increasing local capabilities and enabling national products and small and medium enterprises to obtain their opportunities by benefiting from the power of government procurement; which contributes to enabling local manufacturers and service providers to maximize their contributions to local content, in addition to localizing industries and creating new job opportunities sectors.

Al-Muzaini Real Estate Company, within the “Al-Jawhara Residence” project, was keen to preserve the largest possible amount of money spent on purchases inside the Kingdom by the target groups, as local content contributes to preserving assets, manpower, goods, services, technology and solutions with the help of local suppliers. The percentage of local content in the Al Jawhara Residence project is 85% of the total value of the project, which amounts to more than 300 million riyals.

The “Al Jawhara Residence” project, which was developed by Al Muzaini Real Estate Company in partnership with the “Sakani” program in Jeddah, and the project include 33 residential towers and provide 990 housing units, is one of the giant residential projects that were built on an area of ​​nearly 100,000 square meters within the integrated construction of the infrastructure, where the project has gardens, sidewalks, lighting and pedestrian paths. It was implemented, constructed and sold within a year and a half. The implementation of the project was taken into account according to the highest approved quality standards, with all guarantees on the quality of construction and finishing in all areas and units, and also in accordance with the requirements of quality of life.