Jeddah Gate's construction progress on schedule

Dubai, August 11, SPA -- Emaar Middle East, has announced on-schedule
progress in the infrastructure work of Jeddah Gate, the company's SR6
billion ($1.6 billion) flagship development.

Emaar Middle East had awarded contracts to a number of leading Saudi
Arabian companies to develop the Jeddah Gate infrastructure and
undertake the construction of various components. Work is currently
progressing on schedule, and the first components of the project
taking shape.


Eng. Alaa Abdullah Saed, Chief Executive Officer (CEO) of Emaar
Middle East, said: "Jeddah Gate is a premium integrated community and
is billed to contribute to the economic growth of Jeddah. The launch
of homes within Jeddah Gate has received overwhelming customer and
investor response highlighting the trust of the Saudi public in the
project."

The CEO said "Emaar Middle East is committed to developing the
project on-schedule by adhering to international best practices and
the highest quality standards. Work on the electricity
infrastructure, side-walks and walkways are progressing at an
accelerated pace alongside the laying out of the first community
within Jeddah Gate."


The neighborhood will have commercial, residential, cultural, and
educational and entertainment amenities.


These will include schools, offices, mosques, hotel, residential
units, walkways, parks, swimming pools, fitness centers, children's
play areas, day-care centers and recreational areas. It will also
feature a wide boulevard with high-end retail outlets and
restaurants.


Jeddah Gate is located in the heart of the city and is positioned on
two sites. The first is spread over 413,000 square meters and is
located along King Abdullah Road, and the second is spread over
140,000 square meters along Abdullah Al Suleiman Street. Currently,
work is progressing on the site along King Abdullah Road.

--SPA