Infrastructure of Jazan residential project is 65 % complete:

Jazan Development Company announced today on tadawul the latest updates regarding its residential project occupying  146,000 m2 in Jazan as follows:

• The progress in implementing the project’s infrastructure has reached 65% with expected completion date on 30/5/2014.
• The infrastructure is being implemented within budget without any significant overrides.
• The project’s delay due to contractors’ insolvency and licensing delay is not likely to affect the company’s financial results negatively.