Ghannam 4 (Airport Jewel)
Encyclopedia
A large urban project located on the west of Dammam
city in the Eastern Province of Saudi Arabia
, between the city and King Fahd International Airport
. Originally part of the airport's vast land area, the project's land along with other nearby projects' were sold to investors by Prince Sultan when it was concluded that airport area was too large occupying unnecessary land thus limiting urban expansion for the growing Dammam city.
The total number of shares issued for this investment was 16,892 with initial value of SR 27,500 per share each with an area of 605 m².
) as part of a common issue best known as 'Aramco Reservations
'. Now after 5 years of idle situation the project is still frozen as many other nearby projects. A committee was formed by the order of King Abdullah bin Abdul Aziz in order to solve the case of frozen urban projects and is yet to make any decisions about it.
Dammam
Dammam is the capital of the Eastern Province of Saudi Arabia, the most oil-rich region in the world. The judicial and administrative bodies of the province and several government departments are located in the city. Dammam is the largest city in the Eastern Province and third largest in Saudi...
city in the Eastern Province of Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
, between the city and King Fahd International Airport
King Fahd International Airport
King Fahd International Airport is located 20 kilometers northwest of Dammam, Saudi Arabia. It is the largest airport in the world in terms of land area . The airport's basic infrastructure was complete by the end of 1990, which allowed the Allied forces engaged in the first Gulf War in early...
. Originally part of the airport's vast land area, the project's land along with other nearby projects' were sold to investors by Prince Sultan when it was concluded that airport area was too large occupying unnecessary land thus limiting urban expansion for the growing Dammam city.
Overview
The total area for the project is 10,220,000 m² split into two parts north and south of King Fahad Road, served by its newly constructed exit bridge that also connects the two parts. The project is comprehensive that includes and provides wide range of services including:- Basic utilities (Water, Lighting, Telephone).
- Paved streets with sidewalks, street width varies (18, 20, 30, 40) meters.
- Maximum heights of 10 stories for commercial services located on the main road to the Airport.
- Private hospitals, recreational facilities, all-level schools (boys & girls), parks and other services.
The total number of shares issued for this investment was 16,892 with initial value of SR 27,500 per share each with an area of 605 m².
Trouble
After work started in 2002, it was stopped in 2005 due to objections from the Saudi Arabian Oil Company (Saudi AramcoSaudi Aramco
Saudi Aramco , officially the Saudi Arabian Oil Company, is the national oil company of Saudi Arabia.Saudi Aramco is the world's largest and most valuable privately-held company, with estimates of its value in 2011 to be $7 trillion USD.Saudi Aramco has both the largest proven crude oil reserves,...
) as part of a common issue best known as 'Aramco Reservations
Aramco Reservations
Aramco Reservations is a vast area of raw land occupying most of the Eastern Province of Saudi Arabia that has been reserved by the Saudi Arabian Oil Company .-History:...
'. Now after 5 years of idle situation the project is still frozen as many other nearby projects. A committee was formed by the order of King Abdullah bin Abdul Aziz in order to solve the case of frozen urban projects and is yet to make any decisions about it.