Bin Laden Group sets up three new Saudi companies

Saudi-based Jiwar Real Estate Management and Marketing, the marketing arm of the Saudi Bin Laden Group, has launched three new companies to cater for the growing Saudi market.


Saudi-based Jiwar Real Estate Management and Marketing, the marketing arm of the Saudi Bin Laden Group, has launched three new companies to cater for the growing Saudi market.

The companies will have their own speciality areas of real estate development, property finance and hotel management.

The real estate development company will have a value of US $132 million (SAR500 million), the finance company, Jiwar Real Estate Finance, will have a value of $531 million.

A company spokesperson said they are currently seeking to complete the procedures with the aim to establish Jiwar Hotel Management through partnership with leading international companies.

All three companies are projected to start operations in the first half of next year and will have headquarters in Jeddah with branches across Saudi's main cities.

"We aim to expand our business to provide an integrated property group, with specialised divisions in sales, marketing, real estate development and finance, and hotel management," the spokesperson said.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Cash crunch at Saudi firm casts shadow over Lebanon's Hariris

Cash crunch at Saudi firm casts shadow over Lebanon's Hariris

The troubles at Saudi Oger have led to a cash crunch and layoffs...

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Plight of workers has alarmed their home countries and drawn...

4
Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Most Discussed
sponsoredTracking