Real Estate

Anan to launch three big projects in Saudi Arabia

July 2016

Saudi-based Anan Real Estate Company is set to launch three major projects in Riyadh including a first-of-its-kind development in the Middle East – Tower Terrace – an 18-storey building which boasts some of the world’s most renowned five-star food restaurants, said a report.

The Tower Terrace  will be a key project, which will come up on King Fahad Road in the north, opposite King Abdullah Financial District (KAFD), stated the report. Tower Terrace will see all the17 levels occupied by the most world-renowned, five-star branded restaurants and coffee shops.

The company will kick off its mega development plan with a mixed-use project, Mahra, located in the north of Riyadh on Abu Bakr Al-Siddiq Road, extending over 370,000 sq m, according to The Saudi Gazette.

The third project is Riyadh Corniche, located to the east of the kingdom’s capital, which will boast a series of restaurants, coffee shops, entertainment and sporting clubs and green spaces and passageways over a sprawling 200,000 sq m area.

Anan’s director general Badar Al Duhaik says Mahra will be the first of the projects to be rolled out and sales will start soon.

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