Makkah Gov. Prince Khaled Al-Faisal attended the meeting and met companies behind the project, including the Urban Development Co. Ltd. (UDC), Solidere International Ltd., Siraj Capital and Venture Capital Bank.
Ghassan Ahmad Al-Sulaiman, chairman of the Jeddah Central District Company that will be leading the project, said landowners would not be coerced into joining the project. Al-Sulaiman said the project would be economically beneficial, raise living standards and provide job opportunities. "The heart of Jeddah will beat again through these development plans which are in line with the government's future vision for the city," he said. Prince Khaled cautioned landowners whose properties were situated along the project area and who refuse to get involved and then try to take advantage of the initiative by developing their properties. The Makkah governor said he would not allow such people to unjustifiably benefit from the project. The prince also urged developers and citizens to participate in what he referred to as a "golden chance" in making the Kingdom a "first world country." As part of the project, the old city will be divided into two major zones -- a waterfront area and a historic area. Developments will in future extend to the outskirts of the historic zone. The historic area would be preserved and developed for coming generations. Source - © Arab News [05 November 2008]
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