Al -Sharbatly Group inaugurates the work of the Golden Triangle project in the heart of Jeddah
The city of Jeddah witnessed on Monday – September 8 – the launch of the excavation work for the Golden Triangle project, which was developed by Al -Nahla Group, in an official celebration attended by His Excellency Mr. Saleh bin Ali Al Turki, Secretary of Jeddah Governorate, along with a number of executive leaders of the group, consultants and guests, marking the start of the implementation of the project that has the support of the Tourism Development Fund. The multi -use development in Jeddah, and it will be developed at an exceptional site at the intersection of King Abdulaziz Road with Prince Muhammad bin Abdulaziz Street (Al Tahlia), a site that is the most distinguished at the city level. To the landmarks of the city of Jeddah, and contributes to strengthening its position as a leading urban and tourist destination. "Today, we are proud to launch the golden triangle project, which will enrich the tourist scene in Jeddah, especially since the project extends over an area of approximately 90 thousand square meters with a site in the form of a title of excellence and a wonderful gateway to the central Jeddah region. The Golden Triangle is not just a real estate project, but rather a step in a continuous path through which the Al -Nahla group seeks to enhance its presence in the heart of the city of Jeddah, in light of the great demand for the city as an attractive urban and tourist destination. The project will contribute to raising employment and work opportunities, and it will be an integrated living and tourist, residential, commercial and entertainment purpose that provides qualitative investments and new opportunities for growth, and the project is expected to open in 2030, in line with the targets of Saudi Vision 2030."
For his part, Eng. Sami Al -Muthafoub, CEO of the real estate sector of Al -Nahla Group (Al -Amin Real Estate Company) indicated that "The Golden Triangle Project aims to develop lands with a total area of 87,467 square meters, interconnected within a street network and integrated infrastructure. The project will offer more than 800 hotel rooms, as it includes four international hotels: Fairmont, SLS (SLS), 25 Orers (25hours), and M. Gallery, along with housing towers with international brands, some of which enter the Kingdom for the first time, as well as an integrated mix of offices and commercial spaces, which enhances the diversity of uses and serves various segments of visitors and residents."
Al -Mutawafid added: "The Golden Triangle Project contains elements that are rarely present in one project and will rise to the real estate scene in Jeddah, as the project includes an open Bolivard in the heart of the project that extends from east to west to more than 500 meters, and on both sides of its luxury restaurants, cafes, segmentation, entertainment elements and huge electronic games, as well as public areas were carefully established to be prepared for shows and cultural activities And national celebrations. And I confirm that the launch of the excavation work on this vital site carries a clear message to the real estate market about the serious orientation of the Al -Nahla Group towards long -term investment, which intends to enter the market with a package of projects that intend to reveal in the near future."
In turn, Professor Munib Hammoud, the advisor of the major projects: stated: "The design of the Golden Triangle project is inspired by the Hijazi heritage in a modern spirit, as it offers a strong base from the outside that connects through a festive entrances to a vibrant area from the inside, to provide an integrated urban experience that reflects the identity of Jeddah, and opens the way for new patterns of various uses. The value of the project investments exceeds six billion riyals and will be implemented through a real estate portfolio in partnership with the Tourism Development Fund. The project depends on an integrated urban plan that coordinates the distribution of buildings to various pieces in a manner that creates a functional and architectural interconnection, which produces an added value that exceeds the total components of the project."
Munib explained that the project will be implemented with the participation of a group of global expertise houses in design and urban planning, such as Adrian Smith + Gordon Gill Architecture, Arquitectonica, Blu Architects, Blu Architects, Valode & Pistre, along with local implementation partners such as Saudi Arabia DIYAR and Turner Arabia, stressing that their joint experiences will add a qualitative value through the integration of architectural innovation and international standards, in a way that enhances the attractiveness of the project, and guarantees a distinguished presence on the urban development map of the city Jeddah. Al -Nahla
The Al -Nahla Group, owned by the Sharbatli family and its chairman, Mr. Abdul Rahman Hassan Sharbatly, is one of the leading national companies in the Kingdom of Saudi Arabia, and is characterized by a variety of businesses that include real estate, investment, cars, trade, and hospitality. The group has established its position as an active engine in supporting the national economy through its contribution to developing strategic projects, enhancing the tourism and real estate investment sectors, and opening new horizons for sustainable growth and development. The target of Saudi Vision 2030. The group also continues to build long -term strategic partnerships, and direct its investments towards innovative initiatives that contribute to diversifying the economy and enhancing the Kingdom’s position as an attractive destination for investment and tourism alike. 00966555437859 www.alnahlagroup.com
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