ALARGAN PROJECTS wins “Best Developer award for Residential Project for
the year 2012”
Kuwait, 04 May 2013 – ALARGAN PROJECTS, the company specialized in real estate
development in the Kingdom of Saudi Arabia, announced today that it has received the “Best
Developer award for Residential Project for the year 2012”. This award has come as a result of
the company's development of “Manazel Qurtoba” (Phase II) project, which consists of 558
villas and apartments, after a successful completion of the Phase I project.
The Award was presented to the Chairman of Board of Directors Mr. Nasser bin Mohammed
Al Subiai, by His Excellency Dr. Shuwaish Al-Dhuwaihi, Minister of Housing, during the
Housing Forum held in the Kingdom of Saudi Arabia that accompanied the Riyadh Exhibition
for Real Estate Development organised between April 28 to May 1, 2013, where ALARGAN
has participated as a Platinum Sponsor.
Mr. Khaled Al-Mashaan, The Vice President of ALARGAN PROJECTS said :”Our company
has received this award as a result of the company's plan to develop the second phase of
Manazel Qurtoba project which comprises of 558 villas and apartments, after the success that
has been achieved in the Phase I of the “Manazel Qurtoba” development project. Moreover,
the company has already initiated the infrastructure works on site a few weeks ago, and is
planning to start the development of “Alargan Villas” project during the second half of 2013.
Mr. Al-Mashaan, explained that the company investment in the second phase of the Manazel
Qurtoba’s project worth a total of RS 455 million and will consist of 162 villas and 396
apartments of various sizes and designs, available either for private housing or investment
purposes to meet every client's needs and requirements. The project occupies an estimated
area of 133,000 square meters and is located directly behind SABIC headquarters building.
The project is characterised by its close proximity to the universities, health centres as well as
shopping and entertainment venues, it also includes all supporting facilities and services, such
as mosques, schools and green spaces. The project's infrastructure works have already
commenced on site, and the Phase I development is expected to be completed within the
fourth quarter of 2015.
Mr. Al-Mashaan noted that the company since inception has successfully implemented several
projects at different stages of completion in various locations around the Kingdom. This is in
order to implement its first plans aimed at developing 10,000 housing units, as the company's
core business focus is directed towards the development of housing projects through a deep
understanding of customer needs, along with providing affordable solutions to their
purchasing requirements.
Mr. Al-Mashaan added that the company's strengths lie in developing integrated residential
communities, in addition to offering pre-sales services that include advising our customers with
the best suitable financing solutions. ALARGAN services extend to providing after-sales
services through real estate advisory services and warranty services which cover 10-20 year
on structural items, in addition to 1-10 year warranty on mechanical, electrical and finishing
works services, adapted to each single project.
It worth mentioning that ALARGAN PROJECTS has started its operation as a developer in
the Saudi real estate market in 2006, with a capital of SR 480 million, in a partnership between
ALARGAN International Real Estate Company and a group of strategic partners from all the
major cities of the Kingdom. Since its inception, ALARGAN PROJECTS has adopted a clear
strategy based on concentrating on developing integrated residential communities that include
a various types of residential villas and apartments with all supporting facilities like mosques,
schools, commercial and entertainment complexes, in addition to the allocation of green
spaces, reflecting the healthy and aesthetic aspect of its projects.
The company has proved that they have a vast experience in the real estate development
focusing mainly on providing innovative housing solutions with high quality and unique designs
features that complement the surrounding environment.
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For more information:
Please contact:
Safa'a Al Matari
Corporate Communication Manager
Tel: +965 24820440, Ext: 126