Saudi’s Ajdan Real Estate Development Company to develop SAR250m Bayfront project in Al-Khobar

Saudi Arabia-based developer Ajdan Real Estate Development Company has signed a contract with Al-Muhaidib Group to develop, market and operate ‘Bayfront’. The mixed-use project will include the kingdom’s first Blue Flag-certified international standard beach at Al-Khobar Corniche.

Bayfront will be located on the northern part of Al-Khobar’s beach, spanning over 100,000 square metres from the shore, with a 1,600-square-metre island.

“The SAR250m ($66.5m) project offers a variety of retail, a mix of upper casual and fine-dining restaurants as well as leisure and recreational features that are suitable for families and visitors to get away and enjoy beach life on the stunning east coast,” said Abdul Qadir Al Muhaidib, senior portfolio manager at Al-Muhaidib Group.

Mohammed Al-Otaibi, CEO of Ajdan Real Estate Development Company, said: “Bayfront offers an exceptional quality of life to transform Al-Khobar into one of the top 100 global cities, which is one of the goals of Saudi Arabia’s Vision 2030.”

“We will follow the Blue Flag requirements to increase the quality of services in the project’s facilities and enhance the region’s beach experience by developing an extraordinary destination to attract visitors to Al-Khobar,” Al-Otaibi added.