Our relation with Kayan" Entity" is strategic and our project is the biggest in Jeddah
Badr Ibn Gharim Allah Al-Zahrani Chairman of the Board of Directors and Member in Arbah Real Estate Company disclosed the imminence of inaugurating a Real Estate project in Jeddah at the Red Sea Coasts with tremendous investment and another in Cairo during this Summer, as well as a number of projects currently being studied for the investment in lucrative projects in many countries in the world , such as India, China , Egypt , United Arab Emirates , the Arab Morocco countries and Europe as well.
Al-Zahrani said in an interview for " Al-Equtisadya" on the occasion of the commencement of the activities of the Riyadh Ninth Fair for Real Estate and the Construction Development which started yesterday afternoon, Arbah Real Estate is currently performing the incorporation of a subsidiary company of it within the Kingdom and abroad in order to have a flexibility in the investment in different parts of the targeted countries in a way that ensures the access of strategic investors in each country in the subordinate companies as well as realizing maximum profitability for each company.
Arbah Real Estate Company prepares for delivering new investment projects in Saudi Arabia, what are the most distinguished ones?
Arbah Real Estate Company commenced its rush with a clear and distinctive vision in the real estate development from a special perspective coping with the current stage requirements for the real estate construction boom that the Kingdom witnesses and the region countries as well.
Arbah Real Estate Company commenced its first fruits of its giant projects with the investment in Infinity Tower in the Emirate of Dubai at Al-Mareena area , and regarding of the uniqueness of the Infinity Tower project as it is the highest skyscraper in the world spiraled round itself in 90 degree- angle in a fascinating scene and a distinguished engineering creativity which has an outstanding impact on the demand for the residential units in Infiniti Tower in a way that went beyond all our expectations.
The company in conformity with the real estate and economic start off that the Kingdom of Saudi Arabia witnesses in the rein of the Custodian of the Two Holly Mosques King Abdullah Ibn Abdul Al-Aziz Al Saud may God protect him, the company obtained a big land plot at Jeddah Northern Cornice for inaugurating the most prominent projects in Jeddah at the Red Sea coast with huge investment . the project and its details will be announced soon. In addition to that the Arbah Real Estate Company will inaugurate another distinguished real estate project in Cairo, the capital of Egypt during next summer.
The project is an integrated residential city adjacent to the American University in the New Cairo through an alliance with investment dignitaries in Saudi Arabia and Egypt.
The company in its continuous bid for delivering distinguished real estate products within the Kingdom and abroad, we currently conduct the studying of a number of ambitious and distinguished projects for the development of joint investments with an elite of businessmen within the Kingdom and abroad. We currently engaged in laying the last finishes for starting off a huge and distinguished real estate project in the Emirate of Dubai which will be announced soon by the will of God.
The company entered into an alliance with Kayan "entity" Company, What are the projects resulted from that coalition?
Our relationship with Kayan as a strategic ally is very outstanding, the beginning was through the terrific Infinity Project.. There are many delightful surprises which will be announced soon.
Are there any new investments for the company outside Saudi Arabia?
Yes, there are many projects currently being studied for the investment in such lucrative projects in many countries in the world , such as India, China , Egypt , United Arab Emirates , the Arab Morocco countries and Europe as well.
Based on the principle of the methodology which we always follow , we perform deep detailed studies comprise all the special sides of each project as well as the level of its harmony with the vision of Arbah Real Estate Company and the revenues of each project for realizing fruitful revenues for the company and its strategic allies from the Saudi investors or otherwise.
From the fact of your experience in the investment abroad ,what do you think about the real estate investment returns in the neighboring countries?
The investment is generally connected with many factors that provide the investor with lucrative returns if it is studied thoroughly and put within a strategic plan coincides with the special facts of each area, So the real estate investment in particular has profitable returns whether within the Kingdom or abroad if the requirement demand is set in a detailed form and the sufficient factors for meeting the demand on the specified quality from the real estate products are defined, the demand for the real estate products that comprises in its contents details or particulars that should be studied from all sides, directly or indirectly to reach the equation which ensures the project success and the anticipated returns with the will of God , then comes the study of the project economies each one in separate , and from a more comprehensive spectacle.
Some of the Arab ,Asian ,and European countries have promising and profitable opportunities in the real estate investment that realize fruitful returns for the investors.
How do you assess the local real estate market status and to which level do you see the reflection of the stocks market on it?
The local real estate market has witnessed a good move during the first months of the present year 2006 and its expected to witness a real estate boom which should be exploited directly and indirectly in laying real estate products coincide with the local data of the local demand as well as what it generates from indirect investments in the infrastructure projects for boosting them.
And the start off of the giant project "King Abdullah Economic City" has positive influence on the real estate investment in the Kingdom ,which will kick off with it a number of similar projects expected in other areas of our beloved kingdom . We are in Arbah Real Estate Company view ourselves as one of the major participants in the contribution in this real estate boom supported by the government of the Custodian of the Two Holly Mosques who offered the investment incentives in the Kingdom a new distinguished dimension resulted in the earnest desire from a number of foreign investors to have access to the Kingdom markets and directly invest therein.
Is there any move for new expansion development plans for the company and what about your move for incorporating a closed joint venture company?
The expanding plans for Arbah Real Estate Company has been adopted since the incorporation of the company in a form of strategic plans came out of it annual plans executed in a balanced form parallel with the economic data whether for the company or the real estate market in general, Therefore , Arbah Real Estate Company started as a limited liability company and now in the final stages for transferring it to a closed joint company prior to its public fund subscription when the company reaches the investors aspirations generally and the licensor bodies in particular.
Arbah Real Estate Company is performing now the incorporation of a subsidiary company whether within the kingdom or abroad in order to find flexibility in the investment in different parts of the targeted countries in a way ensuring the access of strategic investors in each country in the subsidiary companies and realizing the highest profitability for each company as well.
What is the relationship between Arbah Real Estate Company and Zahran Companies Group and is it expected for the company to be the real estate arm for the group?
Arbah Real Estate Company is one of Zahran group companies wholly owned by the group. In line with Zahran Group strategy for the development of independent business units for each sector among the ones it invests in, the group has incorporated Arbah Real Estate Company to be solely liable for the real estate investments for the group whether within the Kingdom or abroad. In this course the group of Zahran companies have embarked the incorporation of Etab Company for the Investment in the energy projects and petro-chemicals within the Kingdom and abroad in addition to the company of Badr for the Investments to be the major investor for the company in the financial sector so that the three sectors can represent Zahran Companies Group concentration in the investment, besides the other sister companies in the fields of maintenance , operation, constructions, retail and whole trade as well as the tourism and travel sector.
Are there new fields for Zahran Companies Group investments?
We are now engaged in the studying of two fields from the vital ones to enter in as strategic investor based on detailed studies for each of the two sectors whether locally or abroad.
The first one : Telecommunications and data technology field, no doubt that this field has witnessed a huge boom throughout the previous years in the Middle East region as well as other areas in the world particularly the nascent markets. We intend now to invest in ambitious projects which have profitable returns in this sector.
The second one : The retail sector and the current boom the region and the Asian countries witness has great positive impact upon this sector. In our continuous search for the promising and profitable chances, we are also studying now big projects in this sector and we expect it may see the light within the next few months.
This surprising expansion within a short period definitely it should have required the employment of large crew from the investors and the experts in the company.
What are the developments that accompanied this expansion within the group?
I may disagree with you in that , the Group of Zahran Companies has an executive work team with extensive expertise, praise and thanks be made for God. All the expertise that are at the disposal of the company for enhancing this expansion are from the Saudi youth who are ambitious and obtain local ,regional and international expertise which enable them collectively to be one of the most important investments of Zahran Companies Group of which it had double returns in the course of the company movement, here I don't want to forget to remind my brothers ,the businessmen with the direct investment in the national investment in terms of training and qualifying which has beneficial returns for the private sector and the economy of our beloved county.
Modernization is a continuous process in the company in terms of the development of the work team capabilities and the systems as well as finding sufficient flexibility for survival in the first row for winning the promising chances in the adequate time and venue.
In addition to that , we never disregard the local and external capabilities for our strategic allies whether from the consultancies offices or the investor elites who have accumulated expertise and capabilities which enable them to find an ally in any of the targeted investment sectors.
-Ends-
Interviewed By Khaled Al Rebaish
© Press Release 2006
