Emaar, The Economic City (Emaar E.C.), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a SR325 million contract with Al-Radwan Contractors, a leading Saudi Arabian construction company, to build 134 villas within the Resort Cove. Fahd Al-Rasheed, board member and chief executive officer, Emaar E.C., and Abdullah Al-Radwan, chief executive officer, Al-Radwan Contractors, signed the agreement recently. Under the accord, Al-Radwan will construct 134 Spanish style villas overlooking a world-class, 780,000 sq m golf course. Al-Rasheed said: “King Abdullah Economic City has already set new benchmarks in construction and engineering excellence, and the first phase of the project is progressing as per schedule. The contract with “Al-Radwan” reiterates our commitment to deliver homes to customers on time, and to establish KAEC as a world-class community in Saudi Arabia.” He added: “Al-Radwan Contractors has a proven track-record in undertaking several projects in the Kingdom. Our partnership also demonstrates Emaar E.C.'s objective of partnering with Saudi companies and thus work towards the overall socio-economic welfare of the Kingdom.” Al-Radwan said: “KAEC is one of the most prestigious developments in the Kingdom now, and it is our privilege to be associated with it. The Resort Cove is a key component of the mega-project, and we will employ world-class construction techniques and best practices to meet the high standards set by Emaar E.C. for developing the villas.” The villas are part of an integrated golfing community and range in size from 490 to 770 sq m. The 4 to 5 bedroom homes in six design styles and with two extra rooms for drivers and domestic help, will appeal to families and provide them the privacy of villa living while being part of a vibrant golfing environment. The villas open to pristine views of the golfing green, and will feature modern finishes and amenities. Emaar.E.C has already signed a development contract with Rabya Trading & Agriculture Company for developing the world
