Madinah Launches Mega Project with 3,700 Housing Units

Madinah Launches Mega Project with 3,700 Housing Units
TT

Madinah Launches Mega Project with 3,700 Housing Units

Madinah Launches Mega Project with 3,700 Housing Units

The Municipality of Madinah in western Saudi Arabia said Sunday it has approved a giant real estate project in the form of a residential neighborhood that includes more than 3,728 housing units, such as villas, buildings, mosques, schools and service facilities.

The Municipality didn’t disclose the cost of the project, which will be implemented by the Ministry of Housing in cooperation with the private sector.

It issued a permit to start construction for the project that consists of about 2,962 housing units on a land plot of approximately 740,000 square meters, which will include 766 residential buildings.

Each building has three apartments on separate floors.

According to Madinah Mayor Fahad Albuliheshi, the project falls in line with the joint cooperation among the Municipality, the Housing Ministry branch in Madinah and the Developers Services Center (ETMAM), in partnership with the private sector.

It provides housing units with different areas and designs that suit all needs, he noted.

The facilities and service locations, which were carefully selected and distributed to serve the population density, have been reviewed by architectural engineers, Albuliheshi added.

The project is located in a distinctive location in al-Sakb neighborhood in Madinah along King Khalid and Prince Sultan bin Abdulaziz streets, he said.

It accommodates about 13,500 people within an integrated environment, a commercial complex, a health center, six schools for boys and girls, a kindergarten and seven mosques, the municipal chief explained.

General Manager at ETMAM Abdulwahab al-Qahtani stressed the strategic role played by the services center as a government initiative aimed at overcoming the obstacles facing the real estate developers and housing projects.

Qahtani pointed to the integrated role and fruitful cooperation provided by various government agencies to make the initiative a success.



European Commission Says Bloc Can Cope with Halt of Russian Gas Flow

FILE PHOTO: Valves and pipes are seen at a gas compressor station in the village of Boyarka, outside Kyiv, April 22, 2015. REUTERS/Gleb Garanich/File Photo/File Photo
FILE PHOTO: Valves and pipes are seen at a gas compressor station in the village of Boyarka, outside Kyiv, April 22, 2015. REUTERS/Gleb Garanich/File Photo/File Photo
TT

European Commission Says Bloc Can Cope with Halt of Russian Gas Flow

FILE PHOTO: Valves and pipes are seen at a gas compressor station in the village of Boyarka, outside Kyiv, April 22, 2015. REUTERS/Gleb Garanich/File Photo/File Photo
FILE PHOTO: Valves and pipes are seen at a gas compressor station in the village of Boyarka, outside Kyiv, April 22, 2015. REUTERS/Gleb Garanich/File Photo/File Photo

The European Commission played down the impact of a halt of Russian gas exports to Europe via Ukraine on Wednesday, saying the stop on Jan. 1 had been expected and that the bloc was prepared for it.
"The European gas infrastructure is flexible enough to provide gas of non-Russian origin to CEE (central and eastern Europe) via alternative routes," a spokesperson for the European Commission said.
"It has been reinforced with significant new LNG import capacities since 2022."

Russian natural gas exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year's Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows.
The shutdown of Russia's oldest gas route to Europe ends a decade of fraught relations sparked by Russia's seizure of Crimea in 2014. Ukraine stopped buying Russian gas the following year.
"We stopped the transit of Russian gas. This is a historic event. Russia is losing its markets, it will suffer financial losses. Europe has already made the decision to abandon Russian gas," Ukraine's Energy Minister German Galushchenko said in a statement.
The stoppage of gas flows was expected amid the war, which started in February 2022. Ukraine has been adamant it would not extend the deal amid the military conflict.