King Abdullah Economic City (KAEC) has announced that all the basic and secondary infrastructure work of the first phase of the Al-Talah Gardens District have been completed and work has begun on the infrastructure work of the project's second phase. In addition, KAEC will soon be launching a third phase of the district that includes residential villas and land plots at competitive prices. Commenting on the progress made, Fahd Al-Rasheed, Managing Director and CEO of KAEC, said: “We are moving at an accelerated pace in the development of Al-Talah Gardens neighborhood following the great success of phase one and two, in which all units were sold out in record time. Today, we are pleased to say that we have fulfilled our commitment to complete the basic and secondary infrastructure works for the first phase, marking another step forward of the development and construction in KAEC.” Al-Rasheed added:” Al-Talah Gardens comes as a prototype solution to meet the urgent housing needs of King Abdullah Economic City's neighboring communities, such as Petro Rabigh, KAUST. Additional strong demand comes from investors within KAEC, in addition to families from Jeddah and Makkah.” Eng. Ayman Mansi, Director of Residential Development at KAEC, stated that, as an additional benefit for Al-Talah Gardens residents, KAEC will be offering a unique selection of architectural designs for those who are planning to build homes within the coming two years. Located at the heart of KAEC, Al-Talah Gardens District spreads over 500,000 square meters and is bordered by two main roads. In addition, the district enjoys world class infrastructure and leading edge amenities, which include a high capacity storm drainage network, sewage systems, water and power networks, telecommunications and Internet connections, paved roads, street lighting and landscaping as well as safety and security systems. Once completed, a one kilometer pedestrian walkway will allow families to enjoy walking, playing and relaxing in the outdoors surrounded by trees, playground facilities and retail stores. Al-Rasheed went on to say that KAEC is steadily moving forward with its strategic plans, which include the launch of the operational test phase of KAEC seaport during Q4 of this year with a capacity to hold 1.3 million containers annually, as well as attracting local and international businesses and investments to KAEC's Industrial Valley. KAEC is offering a wide range of housing solutions that are appropriately priced for different income levels. – SG
