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Monday, 01 December 2008 22:21 UAE time

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Jiwar goes all out in Makkah

by ArabianBusiness.com staff writer  on Saturday, 09 December 2006

Saudi-based developer, Jiwar Real Estate Management, Marketing & Development has finalised the sale of its Al Makam Tower to a group of investors from Kuwait and Saudi Arabia in a deal worth US $586 million (SR2.2 billion).

Al Makam Tower is one of the seven towers of the $1.6 billion Abraj Al Bayt project, which is being built close to the pilgrimage centre of Al Haram in Makkah.

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READER COMMENTS

  1. $2.4bn plan revealed for Ras Al Khaimah 1
    01 Dec ' 08 at 18:40
    While the world is in a meltdown these guys have launched such a big project.No bank loans available !Who is financing them.... has...  More »
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