Ajdan launches exclusive mixed-use project in Al Khobar
The luxury shopping boulevard and residential towers are designed to drive Eastern Province investment
Saudi-based developer Ajdan has unveiled its latest destination – Infiniti by Ajdan – which will occupy a total land area of 45,510sqm on Al Khobar’s eastern coast.
According to the firm, the integrated mixed-use landmark project will comprise more than 480 residential units in three high rise towers of 35-, 40- and 45-stories respectively, flanked by 20,000sqm of retail, food and beverage, and other mixed-use space.
Ajdan said it has commissioned a world renowned international architectural studio as lead architects for the project, in order to provide outstanding standards of design and delivery.
With stunning views of the Arabian Gulf, Infiniti promises to be a timeless destination embodying Ajdan’s vision for an upscale, 360-degrees lifestyle experience, it stated.
In early October 2022, HRH Mohammed bin Salman launches Saudi Downtown Company to develop areas in 12 cities and, later in the month, Ajdan said it would develop the $66.5mn Bayfront on Al-Khobar Corniche.
Ajdan CEO Mohammed Abdulmohsen Al Otaibi said the project represents the culmination of the Saudi developer’s design-first vision, “Ajdan’s aim to transform people’s lifestyle and mindset toward a more open society will help drive the investment inwards in Saudi Arabia, especially in terms of entertainment and tourism growth. This project will be the Eastern Province’s foremost, premium mixed development.”
He elaborated, “This stunning destination carries the name Infiniti, which is derived from the spectacular pools integrated in the development’s design – acting as a connective tissue across the foot of the three towers – giving the space an infinite, captivating feel.”
The retail development will include a luxury shopping boulevard, as well as fine dining and premium casual concepts, and is set to attract leading national and international brands. Ultimately, it will be both a home for locals and expats, as well as helping cement the Eastern Province as a destination for visitors from across Saudi Arabia and the GCC, the statement concluded.
In late November 2022, PIF subsidiary SEVEN said it would invest $13.3bn into 21 integrated entertainment destinations in KSA.
