Rikaz unveils $200m ‘Future City’ projects

3.3 million m2 waterfront development, which will be built around a manmade lagoon on the Al-Kohbar-Dammam Corniche in Saudi Arabia has been launched

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By  Rhys Jones Published  March 27, 2004

Rikaz has unveiled its US $200 m City Fanar project, a unique water front ‘Future City’ destination, built around a 300 000 m2 manmade lagoon in Al Khobar, Saudi Arabia. Located on the Al-Khobar-Dammam Corniche, the 3.3 million m2 City Fanar will offer residential, commercial and leisure facilities as well as a blend of entertainment, dining, shopping, marina and hotels. “City Fanar will be more than simply a location where people live and work. It will be a versatile and dynamic entity, evolving with the culture to which it belongs. Unlike other projects resulting from a frenzy driven real estate market, City Fanar presents investors with a reliable opportunity to take part in a project that will influence the future of the region and bring returns on investment,” said Sheikh Khalid Al-Ghatani, president & CEO, Rikaz. City Fanar will act as the connecting point between Al-Khobar and Dammam, in Saudi Arabia’s Eastern Province. It will have easy access to Dammam, Al-Khobar, Al-Jubail, the King Fahd International Airport, Dammam Port, and the Dammam Re-export Free Zone, making it a prime location for real estate investment. The project uses a steering committee made up of consultants, architects, communication experts and futurists. These include Addima Consulting, Alem and Associates, NG Architecture & Planning and Vahid Associates of Bahrain. The orientation, height and density of the surrounding buildings will allow for panoramic lagoon views, set against vistas of the Arabian Gulf. The plan positions the tallest buildings and recreation facilities along the lagoon waterfront, with a gradual reduction in building density further inland. These will vary from 16 storey mixed-use high-rises to single-storey residential buildings. Also included in the master plan is the Eastern Province’s first and longest pedestrian walkway that will connect the piazza, a 20 m2 architectural marvel situated in the heart of the commercial area, to the city’s 115 000 m2 main mall – one of the largest in the Eastern province. The walkway will also act as a main artery, facilitating movement throughout the city. “The carefully deliberated community-centred design of the residential area will create a sense of place for residents, with the lagoon at its heart. Specialised urban planning will minimise automobile use and encourage pedestrian mobility, making the residential area a safe, intimate environment for families,” said Sheikh Khalid.

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