Lamar Holding, Saudi Arabia along with its consortium partner Asyad Group announce the successful ground-breaking ceremony for the Abu Ali housing development, held on 26th May 2025.
The project includes serviced residential compounds to meet the housing requirements of c.500 employees working at Abu Ali Island, located in the Eastern Province north of Al Jubail industrial city, the Kingdom of Saudi Arabia.
The project is set to be operational in 2027 and has a concession tenor of 20 years.
The company stated that, “this project marks the third iteration of our significant partnership with Saudi Aramco, the visionary institution focused on the wellbeing of its people. As a developer of social infrastructure, Lamar Holding is proud to be a partner of choice for Aramco’s housing requirements.
Building on our successful delivery of the East-West bachelor compound ahead of schedule and within budget, this project continues our consortium’s commitment to providing high-quality and accessible housing for Aramco’s brave remote staff. We aim to raise the bar and exceed the high standard developed previously”.
The Company further stated that, this achievement is made possible alongside our valued partners, including Asyad Holding Group and our trusted collaborator Sinohydro, known for ensuring speed and quality coexist, and our lender Riyad Bank”
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