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Wed 12 May 2004 04:00 AM

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Fanar project races ahead

Work on City Fanar, a landmark mixed use development in Saudi Arabia, is ahead of schedule.

Reclamation work for the City Fanar, a US $200 million real estate project in Saudi Arabia, has been completed two months ahead of schedule.

The work, which involved 2.5 kilometres of coastline and was undertaken by Dutch company Ballast Ham, started in May 2002 and was scheduled to finish in June.

“The efficiency that was shown by Ballast Ham represents the commitment of everyone involved in this project,” said Sheikh Khalid H A Al-Ghatani, president and CEO of Rikaz, the developer of the project.

“By setting excellent standards, City Fanar will be elevated to the status of a social pillar in the Kingdom, which is owned by the people whose lives it touches.”

The Fanar project, also known as ‘Future City’, will cover 3.3 million square metres and contain residential, commercial and retail space. The city will be built around a 300,000 square metre manmade lagoon, which Ballast Ham has helped to create.

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