During its participation in Cityscape
Dubai, 22 September 2008: Ewaan global residential company is a Saudi company which aims to convey its message in developing pure lands to projects through building suburbs with integrated services for the middle class incomes in Saudi Arabia. Ewaan aims as well to share in solving problems faced by this level of people because of the difficulty nowadays in owning houses because of the high prices. Since its foundation, Ewaan has worked to provide products that suit capabilities of this level without forgetting the success of the company and its improving profits.
Ewaan Company is the outcome of a partnership of a group of well-known corporations like Islamic Corporation for Private Sector Development (ICD) which is affiliated to the Islamic Development Bank (IDB), Real Estate Development Company, Public Pension Agency, International Investment Bank, based in Bahrain. In addition to a group of private companies and business men.
Ewaan has tried since foundation to affiliate with international professional companies in real estate industry including its alliance with the Canadian Trow International Company for Project Management aiming to provide real estate projects with major and entertainment services to levels that need help in Saudi Arabia which was specified by the company's market statistics to these with a monthly income between 8,000 to 15,000 Saudi Riyal.
Eng. Mohammed Saleh Eid, CEO of Ewaan said: "since most developers are seeking luxurious projects to high class income which made residence a serious problem in the Gulf countries to mid and low class incomes, we at Ewaan have a clear vision which is providing projects and products to mid class income as a social message while achieving also commercial goals of the company".
Eid clarified also that aim of Ewaan from participating in Citiscape 2008 is making use of this vital event in real estate sector to show this unique experience and to activate with different departments and developers and pioneer international companies and seeking as well opportunities and making alliances with those having professional good reputations.
One of the most important Ewaan projects is its first one in Jeddah which contains 2,500 units with a budget of 1,2 billion Saudi Riyal.
This project aims at creating an advanced residential environment with integrated services which meet the requirements and the limited budgets of the middle-income class.
The Project includes mosques, health care facilities and residential villas plus educational facilities and Sports C and Tree-planting and avenues
Knowing that one of company's aims is to building residential projects in suburbs with integrated services to provide the projects in a modern style that goes along with the residents' needs in these small suburbs and providing all what they might need.
-Ends-
Ewaan
Taking advantage of the favourable environment in the Saudi Market, Ewaan Company for Housing was established as a closed joint-stock company with a paid-up capital of 400,000,000 (Four Hundred Million) Saudi riyals. In fact , Ewaan is the outcome of the partnership between a group of famous established corporations such as the Islamic Corporation for Private Sector Development (ICD) which is affiliated to the Islamic Development Bank (IDB), Real Estate Development Company (subsidiary to SEDCO Group), Public Pension Agency and the International Bank for Development (IBD) just to name a few. In addition, the company has an alliance with the Canadian Trow International Company for Project Management. Thanks to such a strategic strength of partnership we are confident of being capable of providing a new style of life in the Kingdom that elegantly reflects perfection in every detail.
For more information, please contact:
Maysoon Baraky
Milestones Marketing Communications FZ LLC
Tel. .: 04 365 8491
Fax: 04 3678097
Mobile: 050 2561157
Email: maysoon@milestonesmc.com
Khaled Al Jarallah
Ewaan media consultant
Mobile : 050 462 7498
Email : kaajar2000@hotmail.com
© Press Release 2008
