Bin Laden Group sets up three new Saudi companies


  • Share via facebook
  • Tweet this
  • Bookmark and Share

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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Qatar's labour requirements

Qatar's labour requirements

Qatar’s Supreme committee has published worker welfare standards...

2
$40bn housing deal may signal Gulf investment push into Egypt

$40bn housing deal may signal Gulf investment push into Egypt

Egypt's economy is recovering only slowly from the turmoil that...

Most Discussed