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Jeddah Central
Business District (CBD): SIRAJ is part of a four company consortium
that has been awarded this project by the Jeddah municipality. The
project is the first central business district (CBD) redevelopment
project to be awarded on a Private-Public Partnership (PPP), and
encompasses a 5.9 square km area in the heart of the city of Jeddah,
Saudi Arabia's second largest city. The consortium has been tasked
with master planning and re-zoning the designated project area to
include waterfront development, land reclamation, urban rejuvenation,
historical neighbourhood preservation, traffic and transportation
planning, and environmental planning. The consortium will establish
a special purpose company (SPC) that will, as part of its master
development plan, invite existing landlords to exchange their evaluated
properties for equity. The SPC will control a minimum of 35% of
the land in the designated project area. The initial project value
is estimated at SAR 7 billion with first phase completion in five
years.
Abha Central Business District (ACBD): SIRAJ is leading a
four company consortium that has been awarded this project by the
Abha governorate. The project was approved by His Highness King
Abdullah Bin Abdul Aziz during his visit to Abha on November 4th,
2006. The project is a 2 square km redevelopment of the central
business district of Abha in Asir Province, Saudi Arabia. As the
Kingdom's leading internal tourist destination, Abha will witness
significant growth in tourist arrivals over the next few years.
The CBD development will be designed to house all government buildings,
as well as creating public areas including, public squares, outdoor
markets and cafés in order to promote the cultural and social environment.
The consortium will establish a special purpose company (SPC) that
will act as master developer. The SPC will receive government land
grants, special zoning rights, and multi-year lease agreements.
The initial project value is estimated at SAR 1.5 billion with first
phase completion in three years.
Future Sports Academy: SIRAJ, as part of its efforts to drive
socially responsible work in the local and regional community, is
proud to have won the mandate to serve as advisor to the Jeddah-based
Future Sports Academy Co., a leading national youth football training
academy founded and supported by His Royal Highness Prince Khaled
Bin Abdullah Bin Abdul Aziz. In its role as financial and commercial
advisor, SIRAJ is assisting in the development of an ambitious 5-year
Business Plan that will further develop Future Sports Academy into
the leading regional sports and health facility, responsible for
the promotion of Arab youth sports and the nurturing of the region's
future sporting champions.
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