Latest news with #AbdulazizAlnowaiser
Arabian Business
31-07-2025
- Business
- Arabian Business
Emaar The Economic City, Al Tahaluf to develop projects in KAEC's Al Murooj
Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Al Tahaluf to develop two premium residential communities in the Al Murooj district. Al Tahaluf is a Saudi-American joint venture between K Hovnanian subsidiary and the Hamad bin Saedan Real Estate Company. EEC, Al Tahaluf partner on KAEC The agreement covers the acquisition of 340 residential lots on the stunning Red Sea coast, ranging from 600sqm to 1,000sqm, with built-up areas spanning 400sqm to 600sqm. These communities are inspired by a tropical modernism design approach, introducing a signature architectural villa style in Saudi Arabia. The four-to-five-bedroom villas will offer resort-styled living with expansive glass façades, soaring ceilings, shaded terraces, lush tropical landscaping, and premium finishing. Open concept layouts will connect indoor and outdoor spaces, with gourmet kitchens and two-car garages, including space for a golf buggy, to support sustainable mobility. A recent decision by the Saudi Cabinet has allowed foreign property ownership in designated zones starting in 2026. Abdulaziz Alnowaiser, CEO of EEC, commented: 'This agreement highlights KAEC's continued evolution into a vibrant and future-ready city, offering high-quality residential, commercial, and leisure opportunities. We are delighted to partner with Al Tahaluf, whose presence signals strong investor interest in KAEC's long-term potential as a destination of choice for home buyers in the Kingdom.' 🏡 اتفاقية تطوير ساحلية فاخرة! "إعمار المدينة الاقتصادية" @kaec_saudi و"التحالف العقاري" @altahalufre توقعان اتفاقية لبيع وتطوير 340 قطعة أرض في حي المروج بمدينة الملك عبدالله الاقتصادية. • مساحة إجمالية: 266,586 م² • فلل فاخرة (4-5 غرف) بتصميم "الحداثة الاستوائية" • موعد… — مجلة عالم الرجل (@AlamArrajol) July 23, 2025 Al Tahaluf has set a target of late 2025 to launch sales of the villas. A formal design unveiling is also planned during Cityscape Global later this year. Robert Hofmann, CEO of Al Tahaluf, added: 'We at Al Tahaluf are incredibly proud to be part of KAEC's next chapter as a premier luxury lifestyle destination in the Kingdom. 'Set along the breathtaking Red Sea coastline, our new communities at KAEC will offer an unparalleled setting with opportunities for world-class championship golf, relaxation, wellness, and a full spectrum of watersports and waterside leisure. 'With seamless access to the Holy Cities of Mecca and Medina, as well as King Abdulaziz International Airport in Jeddah via the Haramain High Speed Railway, KAEC provides future residents with unmatched connectivity. Combined with pristine beaches, and visionary urban design, it is poised to become a destination of choice for both Saudi and international homebuyers and investors.' The deal also adds momentum to KAEC's expanding development pipeline and aligns with national efforts to diversify the economy and expand high-impact sectors under Vision 2030.
Web Release
31-07-2025
- Business
- Web Release
Emaar The Economic City & Al Tahaluf Sign Deal to Deliver New Residential Projects in KAEC's Al Murooj
Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Al Tahaluf, a Saudi-American joint venture comprised of a K. Hovnanian subsidiary and the Hamad bin Saedan Real Estate Company, to develop two premium residential communities in the Al Murooj district. The deal reflects a shared ambition to shape a vibrant coastal district and supports KAEC's goal of attracting high-value development while cementing its position as a lifestyle-led investment destination aligned with Vision 2030's ambitions. Signed at KAEC by Abdulaziz Alnowaiser, CEO of EEC, and Robert Hofmann, CEO of Al Tahaluf, the agreement covers the acquisition of 340 residential lots, ranging from 600 m² to 1,000 m², with built up areas spanning 400 m² to 600 m². These exclusive communities are inspired by a tropical modernism design approach, introducing a signature architectural villa style to the Kingdom. The four-to-five-bedroom villas will offer resort-styled living with expansive glass façades, soaring ceilings, shaded terraces, lush tropical landscaping, and premium finishing. Open concept layouts will connect indoor and outdoor spaces, with gourmet kitchens and private two-car garages, including space for a golf buggy, to support sustainable mobility. The project is tailored for buyers looking to enjoy elevated living along the Red Sea coast, with interest expected to only rise following a recent decision by the Saudi Cabinet to allow foreign property ownership in designated zones starting 2026. Commenting on the signing, Abdulaziz Alnowaiser, CEO of EEC, said: 'This agreement highlights KAEC's continued evolution into a vibrant and future-ready city, offering high-quality residential, commercial, and leisure opportunities. We are delighted to partner with Al Tahaluf, whose presence signals strong investor interest in KAEC's long-term potential as a destination of choice for home buyers in the Kingdom.' 'We at Al Tahaluf are incredibly proud to be part of KAEC's next chapter as a premier luxury lifestyle destination in the Kingdom,' said Robert Hofmann, CEO of Al Tahaluf. 'Set along the breathtaking Red Sea coastline, our new communities at KAEC will offer an unparalleled setting with opportunities for world class championship golf, relaxation, wellness, and a full spectrum of watersports and waterside leisure. With seamless access to the Holy Cities of Mecca and Medina, as well as King Abdulaziz International Airport in Jeddah via the Haramain High Speed Railway, KAEC provides future residents with unmatched connectivity. Combined with pristine beaches, and visionary urban design, it is poised to become a destination of choice for both Saudi and international homebuyers and investors.' Hofmann added that K.?Hovnanian, a leading American homebuilder and managing partner of Al?Tahaluf, will bring its expertise in lifestyle communities and its high-quality standards to the project. Al Tahaluf has set a target of late 2025 to launch sales of the villas. A formal design unveiling is also planned for Cityscape Global later this year. This strategic collaboration advances EEC's ambition to attract foreign direct investment and enable greater private sector participation. With its blend of world-class infrastructure, lifestyle-driven planning, and proximity to Jeddah and the western coast, KAEC continues to strengthen its position as a coastal premier lifestyle destination. The deal also adds momentum to KAEC's expanding development pipeline and aligns with national efforts to diversify the economy and expand high-impact sectors under Vision 2030.
Zawya
31-07-2025
- Business
- Zawya
Emaar The Economic City & Al Tahaluf Sign Deal to Deliver New Residential Projects in KAEC's Al Murooj
KING ABDULLAH ECONOMIC CITY (KAEC), Saudia Arabia: (GLOBE NEWSWIRE) -- Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Al Tahaluf, a Saudi-American joint venture comprised of a K. Hovnanian subsidiary and the Hamad bin Saedan Real Estate Company, to develop two premium residential communities in the Al Murooj district. The deal reflects a shared ambition to shape a vibrant coastal district and supports KAEC's goal of attracting high-value development while cementing its position as a lifestyle-led investment destination aligned with Vision 2030's ambitions. Signed at KAEC by Abdulaziz Alnowaiser, CEO of EEC, and Robert Hofmann, CEO of Al Tahaluf, the agreement covers the acquisition of 340 residential lots, ranging from 600 m² to 1,000 m², with built up areas spanning 400 m² to 600 m². These exclusive communities are inspired by a tropical modernism design approach, introducing a signature architectural villa style to the Kingdom. The four-to-five-bedroom villas will offer resort-styled living with expansive glass façades, soaring ceilings, shaded terraces, lush tropical landscaping, and premium finishing. Open concept layouts will connect indoor and outdoor spaces, with gourmet kitchens and private two-car garages, including space for a golf buggy, to support sustainable mobility. The project is tailored for buyers looking to enjoy elevated living along the Red Sea coast, with interest expected to only rise following a recent decision by the Saudi Cabinet to allow foreign property ownership in designated zones starting 2026. Commenting on the signing, Abdulaziz Alnowaiser, CEO of EEC, said: 'This agreement highlights KAEC's continued evolution into a vibrant and future-ready city, offering high-quality residential, commercial, and leisure opportunities. We are delighted to partner with Al Tahaluf, whose presence signals strong investor interest in KAEC's long-term potential as a destination of choice for home buyers in the Kingdom.' 'We at Al Tahaluf are incredibly proud to be part of KAEC's next chapter as a premier luxury lifestyle destination in the Kingdom,' said Robert Hofmann, CEO of Al Tahaluf. 'Set along the breathtaking Red Sea coastline, our new communities at KAEC will offer an unparalleled setting with opportunities for world class championship golf, relaxation, wellness, and a full spectrum of watersports and waterside leisure. With seamless access to the Holy Cities of Mecca and Medina, as well as King Abdulaziz International Airport in Jeddah via the Haramain High Speed Railway, KAEC provides future residents with unmatched connectivity. Combined with pristine beaches, and visionary urban design, it is poised to become a destination of choice for both Saudi and international homebuyers and investors.' Hofmann added that K. Hovnanian, a leading American homebuilder and managing partner of Al Tahaluf, will bring its expertise in lifestyle communities and its high-quality standards to the project. Al Tahaluf has set a target of late 2025 to launch sales of the villas. A formal design unveiling is also planned for Cityscape Global later this year. This strategic collaboration advances EEC's ambition to attract foreign direct investment and enable greater private sector participation. With its blend of world-class infrastructure, lifestyle-driven planning, and proximity to Jeddah and the western coast, KAEC continues to strengthen its position as a coastal premier lifestyle destination. The deal also adds momentum to KAEC's expanding development pipeline and aligns with national efforts to diversify the economy and expand high-impact sectors under Vision 2030. Contacts: Robert Hofmann, Chief Executive Officer Al Tahaluf Real Estate Company Saudi: +966 543 853 901 US: 732 904 4876 Tyler Lewis, Director of Investment Al Tahaluf Real Estate Company Saudi: +966 55 287 4982 US: 713-248-2624
Arab News
26-01-2025
- Business
- Arab News
Aramex launches robotic sorting facility in Jeddah
Aramex, a leader in comprehensive logistics and transportation solutions, launched its cutting-edge automated robotic system at Jeddah Islamic Port, in the presence of Rayan Salah Al-Din Al-Bakri, deputy minister for logistics services at Saudi Arabia's Ministry of Transport and Logistics Services. The move marks a significant milestone in the company's digital transformation journey. The state-of-the-art facility showcases Aramex's commitment to technological innovation and operational excellence. The centerpiece of the facility is an advanced automated sorting system featuring three feeding lines integrated with 120 robotic guided vehicles, capable of processing 4,000 shipments per hour and 96,000 shipments daily. Abdulaziz Alnowaiser, general manager of Aramex, said: 'This automated facility represents a quantum leap in logistics efficiency and demonstrates our commitment to Saudi Arabia's Vision 2030. By combining robotics, artificial intelligence, and temperature-controlled environments, we are creating a blueprint for the future of logistics in the region. With the automation system, our capacity to handle shipments will increase to 100 percent. Additionally, the plan for the activation and launch of drone delivery by the end of February 2025 has been reviewed with one of our clients in the banking sector, and we are also advancing our future plans for domestic express mail sea transportation services. We look forward to continuing to enhance the Kingdom's logistics infrastructure and adopting sustainable practices.' Samer Marei, vice president, Aramex, GCC, said: 'We remain deeply committed to the Kingdom of Saudi Arabia as our primary market, where we continue to make strategic investments to lead the logistics sector. By continuously enhancing our services and strengthening our presence in the Kingdom, we hope to contribute to Vision 2030's goals of establishing Saudi Arabia as a global logistics hub.' Our sustained and ongoing investment reflects our confidence in the Kingdom's vibrant economy and the transformative vision of its leadership.' In a parallel development that promises to be transformative for logistics in the region, Aramex unveiled plans for its first drone delivery project. This initiative will complement the automated facility, further cementing Aramex's position as a pioneer in smart logistics solutions. The drone delivery program will reduce carbon emissions while enhancing last-mile delivery efficiency in urban and remote areas. The strategic location of the facility at Jeddah Islamic Port, combined with its advanced capabilities, positions Aramex to play a pivotal role in Saudi Arabia's ambition to become a global logistics hub. The facility's enhanced operational efficiency and sustainable practices directly support the Kingdom's Vision 2030 objectives for sector modernization and environmental stewardship.
