Ewaan Global residential Company is closed IPO under registration initiated by ICD, IIB, SEDCO, Pension funds and 15 other reputed Companies and business men in KSA.
Ewaan was established in Jeddah with capitol money of 400 Million Saudi Riyal. Ewaan mission is developing housing communities with qualities, fair prices, and pleasant environment. The company will target those of 8000-13000 SR. monthly income which is represent 60% of Saudi population as per most of latest studies with facilitations payment up to 20 years where the monthly payment not exceeding 30% of monthly salary. Ewaan will concentrate on best locations for all projects.
Ewaan objectives are:
Improve the image of real estate in the region by using most innovated methods to develop raw lands and build the housing as a total community, rather than selling it to individual citizens and investors where they have to seek assistant to develop those lands this will add a burden and increase the final price of the land. Contribute to the society by developing a community houses to target those who represent the middle class income with fair prices to make it affordable to them.
Develop houses in the most efficient and effective ways to have fair price for investors and end users. Increase real estate perception and understanding in KSA thru opening new channels of investing in the light of high liquidity and less of investment channels. The first project will be developed on a land of 1, 082, 779 Square meter located at the north side of Jeddah west of Medina road. The duration of the project will be three years divided as follow:
- First year to develop the land.
- Second and third year are to complete and deliver the project.
Ewaan will outsource with international companies to design, develop and build its projects, but will handle the sales and marketing of the projects.
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