“Heart of Khobar”: A $6 Billion Real Estate Project Unveiled by “Tilal Real Estates”
In a groundbreaking announcement at the “Cityscape Global” exhibition in Riyadh, “Tilal Real Estates” revealed their ambitious project “Heart of Khobar”. With a staggering market value of SR 6 billion upon completion, this project is set to become one of the largest real estate developments in the Eastern Province.
A Step Towards Vision 2030
The “Heart of Khobar” project is a crucial initiative aligned with the Kingdom’s Vision 2030. It aims to provide sustainable housing solutions for Saudi families while creating a vibrant urban environment in Khobar.
An Integrated Community
Spanning over 268,813 square meters in the prestigious Al Rawabi neighborhood, the project comprises 14 components including residential, commercial, and recreational facilities. It embodies the concept of an “urban village” offering a seamless blend of living, working, and leisure.
CEO’s Vision
Abdulrahman AlBassam, CEO of Tilal Real Estate, emphasized the project’s role in shaping smart cities of the future. He envisions a high-quality lifestyle for both residents and visitors, combining sustainability, comfort, and luxury.
Setting New Standards
AlBassam is confident that the completion of the project’s three phases in the coming years will elevate the Eastern Province and establish new benchmarks for urban development in the Kingdom.
A Pedestrian-Friendly Design
Noteworthy for its pedestrian-centric design, the “Heart of Khobar” project promotes a healthy lifestyle with 89% mobility on foot. This design encourages social interaction and creates a cohesive living environment.
Facilities Galore
The project boasts a wide range of amenities including a shopping mall, business park, cinema, hotels, and recreational venues. It aims to provide an ideal environment for both living and working.
Collaborative Success
Launched in 2020, “Tilal” is a real estate alliance formed by prestigious business groups in Saudi Arabia. With support from over 114 companies, the alliance is dedicated to developing world-class residential communities that prioritize quality of life for residents.
