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$11.2b 'Jeddah Hills' launched in Saudi Arabia

The development marks the second major foray into Saudi Arabia for Emaar Properties, with the massive 2,286 hectare Jeddah Hills project, following the announcement of the $26.6 billion King Abdullah Economic City in December last year.

At a signing ceremony in Riyadh yesterday, Prince Mishal bin AbdulAziz Al Saud joined Emaar Chairman Mohamed Ali Alabbar and Al Oula Chairman Suliman Al Muhaidib to explain the vision behind the landmark project.

Nearly 20,000 residential units — a combination of townhouses and single homes — will be on offer, alongside commercial and retail facilities.

Homes ranging from 500 sq. m. to 1500 sq. m. and will offer larger, scenic, home lots not commonly available in Jeddah. Residential units will go on sale from the first quarter of 2007. "Jeddah Hills is truly a unique project. It shows us how development can take place in a manner which is harmonious with nature and yet offers a luxury living environment.

Set between 70 and 90 metres on a hilltop, Jeddah Hills offers spectacular views over the surrounding landscape towards the Red Sea, North Jeddah and the Mountains in the East," said Mohamed Ali Alabbar.