The Knowledge Economic City has signed up ElKhereiji Commerce & Contracting Company to execute all contracting works for the first phase of residential buildings within the Al Alya mixed-use project.

As per the SAR282 million ($77 million) contract, ElKhereiji will be responsible for the construction, electromechanical and finishing works for an additional group of four towers, providing residential apartments of various ranges, said Knowledge Economic City in its filing to Saudi bourse Tadawul.

Al Alya is one of the anchor projects at Knowledge Economic City, aimed at developing a modern and integrated urban environment within a gated, mixed-use development offering comprehensive services. 

The project spans an area of approximately 270,000 sq m, with its components planned to form an integrated community supported by contemporary architectural design.

It includes landscaped gardens, pedestrian pathways and carefully planned internal roads that enhance pedestrian safety and accessibility. A key feature of the project is the central park spanning over 40,000 sq m.  

Al Alya comprises 2,000 residential units, including 1,420 apartments and 70 villas in addition to 408 serviced apartments managed by Hyatt International under the Hyatt House brand.

It also features office buildings, commercial areas, a mosque, health clubs, a nursery and the Hyatt Centric Hotel with 144 hotel rooms.