In the presence of the Emir of the Eastern Province… "Edit real estate" and"Alinma Financial" They launch a project "New Dammam"

His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, inaugurated a project "New Dammam" Developed by a company "Edit real estate"And manages his fund "Alinma Financial"In a step that reflects future directions for the development of Saudi cities, consolidates the concepts of modern urban planning, keeps pace with the goals of the Kingdom’s Vision 2030, and enhances the quality of life and sustainability of urban growth in the Eastern Province.
It is a project "New Dammam" It represents a unique urban shift on the coast of the Arabian Gulf, and reflects the Kingdom’s vision of integrating housing, work, and entertainment within an integrated environment that raises the quality of life and attracts local and international investments.
The project extends over a total area estimated at approximately 32 million square meters, with a net area of ​​26 million square meters, and enjoys a distinctive strategic location on the waterfront of the city of Dammam. The project includes a set of qualitative features, including bodies of water exceeding 5 million square metres, and vibrant sea canals that enhance the urban and tourist character of the plan, in addition to wide green spaces with an area exceeding 500 thousand square metres, which contributes to creating an integrated urban environment that takes into account the quality of life and the balance of urban development with natural elements.
Includes "New Dammam" 8 residential neighborhoods containing 15,791 residential plots, 5,210 investment plots, in addition to 1,389 commercial plots and 322 sea palaces, in addition to 49 parks and various entertainment destinations, which enhances the balanced life environment for residents and visitors alike.
Direct investments in the project are estimated at about 18 billion riyals, with indirect investments amounting to about 80 billion riyals, which enhances Dammam’s attractiveness as an economic and tourist center. A major project in the region, the project is expected to provide 80,000 job opportunities and attract more than 180,000 residents upon completion, which enhances its ability to drive the local economy.
The project is distinguished by "New Dammam" With its unique strategic location in a lively geographical area, with a direct view of an attractive waterfront, it is in the middle of a network of the most prominent axes and main roads, such as: Crown Prince Axis, Gulf Road, King Abdulaziz Road, King Abdullah Road, and King Faisal Road, which form an integrated connectivity system that contributes to easy access to the project from various neighborhoods of Dammam and the cities of the Eastern Province, enhances its residential and investment attractiveness, and consolidates its position as a destination. A future urban city with integrated services.
The project aims to raise the quality of life in Dammam, and provide innovative and sustainable urban environments, through the use of modern technologies and smart solutions in all aspects of infrastructure, in a way that enhances the Kingdom’s position as a global destination for investment and tourism, in line with the Kingdom’s Vision 2030.

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