Awali Real Estate Development Carries on Expansion plans by Moving into new Offices in KSA |
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Riyadh- 17 December 2008: Awali Real Estate DevelopmentAwali Real Estate Development
, the region's leading real estate developer, announced that the company moved into its new offices in Novotel Business Park complex, located at Al Khobar-Al Damam highway.Awali's move is in line with the company's expansion plans to enter new markets and develop leading projects in GCC and Arab countries. This step also looks to provide comfort and ease for the company's staff by providing them with the perfect working environment.
Mohammed Hussein Abdullah Al Nemer, Board Member and Chief Marketing Officer of Awali Real Estate InvestmentsAwali Real Estate Investments, said of Awali's decision to move: "Recently, Awali witnessed a number of expansions, entering new markets and announcing leading projects, as well the expansion of its workforce. This has necessitated a move into new offices so as to bring peace of mind and create more room for creativity for our staff. The offices sport a modern design that fits the requirements of our staff for better performance."
Al Nemer added: "Despite the recent fluctuations in the global market, we are going onward to finish development works on our current projects, which are on schedule. We are also looking at entering new markets in GCC and Arab countries, as well to launch new projects that may fulfill part of the growing demand for properties in these areas, where there are currently no major developments or projects to fulfill the increasing demand for Commercial and residential units."
-Ends-
About Awali Real Estate Investments
With an ambitious vision based on understanding of the regional needs, Al Nemer Group eyes the leading position in the MENA real estate market, to which end it has launched an aggressive expansion strategy with special focus on forging strategic alliances with the region's leading firms. The Group has founded an independent real estate group that adopts advanced levels of corporate governance practices and the highest of technical standards to ensure excellent work progress and to maintain sustainable development.
Awali Group's transparency and performance have contributed to the establishment of Awali Real Estate InvestmentsAwali Real Estate Investments; a duly incorporated UAE firm based in Dubai, founded by the KSA based Al Nember Group as part of the mother company's plans to expand across the region, capturing a chunk of the booming real estate market in the region, particularly in the GCC.
Awali made its debut in the UAE real estate market with the mega Awali City project on the Emirates Road in Ajman, which was launched in cooperation with Ajman Government's Property Investment Establishment at the beginning of 2008. The company has a number of plans for expansion within the UAE, in Ajman, Dubai and Abu Dhabi, as well as further afield in KSA and other GCC and Arab countries.
Al Nemer Group, Mother Company to Awali, has more than 40 years' experience in the KSA real estate market and has co-founded a number of real estate companies, such as Jenan Real Estate and Mawten Real Estate. The group has also co-founded a number of companies in the financial and aviation sectors in GCC, such as Arbah Capital, Watan Financial Investment, Awali Financial Supporting Services, Financial, Afaq Aviation, United Holding Company and the Dubai based USOS Real Estate, in alliance with Dubai Islamic Bank, as well as establishing a number of strategic partnerships.
For further information, please contact:
Serine Srouji
SAHARA Communications
Tel: +971 4 3298996
Fax: +971 4 3298995
Email: serin@saharagcc.com
Web Site: www.saharagcc.com
© Press Release 2008
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