JUBAIL – Ma’aden has signed a SR1 billion contract for the first phase of a new housing project for its employees.
The Mutrafiah Housing Project at Jubail Industrial City includes the construction of 800 villas, the first of which will be available for occupancy in late 2014.
In its entirety, the project will include 3,600 villas, representing a milestone in the Ma’aden Home Ownership Program (HOP) for its employees.
All the villas and apartments are to be built on the Royal Commission’s plots of land which provide ready access to all amenities required for a modern urban lifestyle, built in a green environment with close proximity to the sea.
Ma’aden CEO Eng. Khalid Al-Mudaifer said that the HOP program demonstrates Ma’aden’s commitment to the security, health and well-being of its employees by helping to provide them with comfortable family housing.
“Our employees are our partners in success. Their dedication and performance will help Ma’aden achieve our vision of becoming a world-class minerals enterprise. Today’s announcement is an investment in them,” he said.
In additional to the Mutrafiah Project, another 256 family apartments in Jalmudah District at Jubail Industrial City are currently under construction with the first batch of units targeted to be handed over by the second quarter of 2013 for occupancy. Ma’aden has appointed AECOM Arabia Ltd as the Project Management Consultant to assist in managing their housing projects at Jubail Industrial City.
