City Fanar, a landmark project in the Eastern Province takes shape
A 3D view of City Fanar, a landmark project in the Saudi
“The efficiency that was shown by Ballast Ham represents the commitment of everyone involved in this project,” said Sheikh Khalid H A Al-Ghatani, president and CEO of Rikaz, the developer of the project.
Development of City Fanar, a landmark project in the Saudi Arabian real estate market, is gathering pace. Recent months have seen the early completion of land reclamation work, the appointment of a project manager for phase one and a subscription aimed at raising development funds.
Reclamation work for the US $200 million project on Saudi Arabia’s eastern coast has been completed two months ahead of schedule. The work, which involved 2.5 kilometres of coastline and was undertaken by Dutch company Ballast Ham, started in May 2002 and had been due to finish in June.
“The efficiency that was shown by Ballast Ham represents the commitment of everyone involved in this project,” said Sheikh Khalid H A Al-Ghatani, president and CEO of Rikaz, the developer of the project.
“By setting excellent standards, City Fanar will be elevated to the status of a social pillar in the Kingdom, which is owned by the people whose lives it touches.” The Fanar project, also known as ‘Future City’, will cover 3.4 million square metres and contain residential, commercial and retail space.
An important part of the City Fanar master plan is the Eastern Province’s first and longest pedestrian walkway. This will in turn connect the piazza, a 20 square metre ‘architectural marvel’ in the heart of the commercial area, to the city’s 115,000 square metre main shopping mall, which will inevitably be amongst the largest in the Eastern province.
