Business Wire

ADEL-REAL-ESTATE

8.1.2024 12:09:34 CET | Business Wire | Press release

Share
Adel Real Estate Unveils Blueprints of Adel District, the Largest Urban Development Project in Dammam, Saudi Arabia

Adel Real Estate recently announced the launch of the completed blueprints of Adel District, the largest urban development of residential areas. Spanning around 5.6 million square meters, the project is strategically located in Dammam, in the Eastern Province of Saudi Arabia, and will be up for auction in the first quarter of 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108289909/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Adel District ( Photo: Adel Real Estate)

Located west of Dammam City, Adel District sits along King Fahd Road (Airport Road), between King Saud Road and Riyadh Road, close to some of the most pulsing highways that connect to the city’s most famous landmarks. Slated to become the next destination for housing and investment, Adel District offers convenient access to essential service centers and amenities. It is only minutes away from Al-Asala Colleges, the Saudi German Hospital, Al Othaim Park, and King Fahd International Airport.

Designed by Adel Real Estate, Adel District is a plot-based urban development and will comprise +5 residential neighborhoods, accommodating about 50,000 people. It has been extended with the full range of facilities, which include residential buildings, office spaces, mosques, shopping malls and retail centers, health centers, educational and recreational facilities, as well as creativity and innovation incubators and green spaces (Adel Park).

Key infrastructure and public works have been 100% complete, with water, electricity, lighting, roads, telephone, rainwater drainage, and sewage networks already in place, in accordance with the latest approved sustainability standards.

A key feature in Adel District will be ‘West Boulevard’, providing investors with the means to build business communities. This space will be the district’s cornerstone, and will support the growth of its markets, shopping centers, restaurants, and cafes.

To ensure people’s wellbeing and quality of life, and in alignment with the Saudi Green Initiative, Adel Real Estate planted 13,000 trees to achieve environmental sustainability. It also designed and built Adel Park, to provide residents with a space for relaxation, play areas, walking and sports trails, all of which would make Adel District a favorite destination for living.

Adel Real Estate strives to build integrated communities, by designing urban developments, where people can fulfil their dreams, enjoy a high quality of life, based on modern standards of planning, implementation, and performance, while establishing high professional infrastructure basis for real estate developers.

Source: AETOSWire

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240108289909/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

FEINDEF 27 Accelerates Commercialisation, Surpassing FEINDEF 25’s Total Exhibition Area by 25% With One Year to Go17.6.2026 13:41:00 CEST | Press release

FEINDEF 27 is expected to exceed 89,000 m² of total exhibition area, representing a 46% increase compared to 2025 and further strengthening its position as one of Europe’s leading international defence and security exhibitions. 37% of the exhibitors already confirmed are new participants. Of these, 26% are international companies, reinforcing FEINDEF’s global dimension and its role as a platform for dialogue, cooperation and business opportunities at an international level. Companies returning from the previous edition have increased their contracted exhibition area for FEINDEF 27 by 30%, consolidating confidence in FEINDEF as a global showcase for the sector. This trend was already reflected in FEINDEF 25, where 86% of exhibitors stated their intention to return. One year ahead of FEINDEF 27, FEINDEF, Spain’s International Defence and Security Exhibition, continues to maintain a strong commercialisation pace, outperforming previous editions at the same stage. The exhibition has alread

GenNx360 Capital Partners Promotes Pratik Rajeevan to Partner17.6.2026 13:00:00 CEST | Press release

GenNx360 Capital Partners (“GenNx360”), a New York City-based private equity firm investing in U.S. lower middle market industrial services and business services companies, is thrilled to announce the promotion of Pratik Rajeevan to Partner. Pratik has significant transaction experience having invested in over ten platform companies and 30 add-on investments during his tenure at GenNx360. His experience includes investments in aerospace and defense, utility and environmental services, and testing and inspection services. Pratik is a key leader in investments in NVI, Shenandoah, and Aeron in the GenNx360 Fund IV portfolio. Pratik led successful investments and exits in Miller Environmental and Aero3 in GenNx360 Fund III. Most recently, Pratik was responsible for the firm’s $2 billion exit from Precision Aviation Group, a global aerospace and defense maintenance and repair business in GenNx360 Fund IV. “Pratik is a disciplined and thoughtful investor with significant execution capabiliti

Vercel Brings New Agent Framework, Full-Stack Capabilities, and Enterprise Controls to Its Agentic Infrastructure Platform17.6.2026 12:13:00 CEST | Press release

As agents become the primary way software is built and deployed, Vercel connects its frontend, backend, and agent tooling into a single platform for shipping and running agents at scale. Today at Ship, its annual conference, Vercel introduced a set of new products that deepen its agentic infrastructure platform trusted by DoorDash, Helly Hansen, OpenAI, Stripe, and The Weather Company. Founder and CEO Guillermo Rauch and other Vercel leaders unveiled the lineup on stage, anchored by three shifts the products address: agents are now the dominant way software gets deployed, every application is becoming agentic, and enterprises need to run agents in production securely and at scale. The transition is well underway. Six months ago, fewer than three percent of deployments to Vercel infrastructure were triggered by coding agents. Agents now account for more than half. Token volume through Vercel's AI Gateway has grown from roughly two trillion to twenty trillion per month over the same peri

NIQ Introduces NIQ Cadence: A Compound AI Operating System for Marketing Effectiveness17.6.2026 12:00:00 CEST | Press release

One system unifies NIQ’s global data, models, and knowledge so marketers move from insight to impact faster, with deeper intelligence, at scale. NIQ (NYSE: NIQ), a global leader in consumer intelligence, today introduced NIQ Cadence, a compound AI operating system built to change how organizations measure marketing performance, optimize budgets, and act on what the data tells them. NIQ Cadence brings data and intelligence into one continuous environment, moving marketers off fragmented reports and onto a single system that empowers decision making. Marketing has never been more complex. Channels keep multiplying, data sits in silos, and the pressure to prove ROI keeps climbing. As a result, most teams still stitch insight and action together by hand, losing time and confidence at every handoff. NIQ Cadence closes that gap with one system where measurement and decision-making finally run together. “Marketing leaders don’t need more reports. They need a better rhythm,” said Jason Tate, G

Winning With AI Requires Organizational Transformation, Not Speed of Adoption, Finds New Arthur D. Little Report17.6.2026 12:00:00 CEST | Press release

To successfully embrace the power of AI, businesses need to remove organizational complexity and eliminate unnecessary work, rather than simply using it for fragmented, incremental improvements. Boards must act now to deliver this. That is the key message from AI-First or Disrupted: Beating the Nightmare Competitor, a new report from Arthur D. Little (ADL) based on concrete examples from leading organizations. Within three to five years, AI-first competitors will make faster decisions, have flatter organizations, and operate at lower costs. They will not just optimize handovers between teams, approvals, and reconciliation work; they will eliminate these complex processes entirely. AI is completely changing the economics of work and value creation, removing the need for coordination across multiple teams, while also enabling adaptive, predictive, and personalized products and services. This delivers both lower operational costs and a fundamentally stronger value proposition. However, mo

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye