<Makassab International Real Estate Investment and Development Company of Saudi Arabia and Bin Faqeeh Real Estate Investment and Development Company of Bahrain have signed an international partnership agreement to invest, develop and establish residential and commercial projects in both countries.
The agreement was signed at the Meridian Hotel in Khobar in the presence of Hussam Al-Zahrani, CEO and board member of Makassab, Ahmed Al-Arabi, Director of Marketing and Public Relations, Bin Faqeeh CEO and Abdullah Al-Awadhi, Sales Manager.
On this occasion, the CEO of Ibn Faqeeh Real Estate Investment Company emphasized that we seek through this partnership to build bridges of strong relations with Saudi Arabia due to the strength of support in Saudi Arabia and the diversity of competencies and expertise, and we seek to expand our projects in Bahrain and Saudi Arabia.
For his part, Hussam Al-Zahrani, CEO of Makakaba, expressed his great happiness about this partnership, through which he seeks to achieve many development projects in both countries, as he stated that the company has allocated an important sector, which is responsible for international investments and includes a group of experts in all fields to achieve the desired goals and provide all means of support for the success of these projects.
Al-Zahrani said that the global gains of real estate investment and development are based on investing in residential and commercial real estate in Saudi Arabia and the GCC countries to provide integrated services in the field of real estate activity, real estate brokerage, buying and selling, and property management.
It is known that Bin Faqeeh is a private investment company established in February 2008, and its investments amounted to more than 120 million US dollars from the fourth quarter of 2010 until now, and the company's total investments are expected to reach more than 185 million dollars by the end of 2014, Bin Faqeeh Real Estate Investment Company develops and invests in various types of long-term properties throughout the Kingdom of Bahrain, since its inception the company started working on a number of successful joint projects and our current projects include high-cost properties that meet the high expectations of our customers in terms of the quality of long ownership periods. The two parties stated that Makassab will exclusively market all Bin Faqeeh projects in Saudi Arabia, where Makassab will market four vital projects in Bahrain, including «Dar Alsalam Port», where Dar Alsalam Port located on Reef Island is a high-end residential units with high specifications and luxury overlooking the most important waterfronts in the Kingdom of Bahrain. Business Bay: It is a 23-story commercial tower with spacious offices with the highest degree of luxury for businessmen and companies in the most important locations in Seef area with a sea view. The Breaker: A 35-story residential tower, a project that combines luxury and unique style, in the most important commercial locations in the Kingdom of Bahrain in Seef area on the northern side of the City Center complex. La Vida and The ONE: These are high-end residential units located in Busaiteen and are very close to the Irish Medical University (RCSI), King Hamad Hospital and Bahrain International Airport. The company continues with its innovative projects that meet the aspirations of individuals to own properties that combine luxury and true luxury in prime locations, and will be launching new projects over the next few months. The company is one of the largest providers of private property rights and self-storage facilities in the Kingdom of Bahrain
On this occasion, the CEO of Ibn Faqeeh Real Estate Investment Company emphasized that we seek through this partnership to build bridges of strong relations with Saudi Arabia due to the strength of support in Saudi Arabia and the diversity of competencies and expertise, and we seek to expand our projects in Bahrain and Saudi Arabia.
For his part, Hussam Al-Zahrani, CEO of Makakaba, expressed his great happiness about this partnership, through which he seeks to achieve many development projects in both countries, as he stated that the company has allocated an important sector, which is responsible for international investments and includes a group of experts in all fields to achieve the desired goals and provide all means of support for the success of these projects.
Al-Zahrani said that the global gains of real estate investment and development are based on investing in residential and commercial real estate in Saudi Arabia and the GCC countries to provide integrated services in the field of real estate activity, real estate brokerage, buying and selling, and property management.
It is known that Bin Faqeeh is a private investment company established in February 2008, and its investments amounted to more than 120 million US dollars from the fourth quarter of 2010 until now, and the company's total investments are expected to reach more than 185 million dollars by the end of 2014, Bin Faqeeh Real Estate Investment Company develops and invests in various types of long-term properties throughout the Kingdom of Bahrain, since its inception the company started working on a number of successful joint projects and our current projects include high-cost properties that meet the high expectations of our customers in terms of the quality of long ownership periods. The two parties stated that Makassab will exclusively market all Bin Faqeeh projects in Saudi Arabia, where Makassab will market four vital projects in Bahrain, including «Dar Alsalam Port», where Dar Alsalam Port located on Reef Island is a high-end residential units with high specifications and luxury overlooking the most important waterfronts in the Kingdom of Bahrain. Business Bay: It is a 23-story commercial tower with spacious offices with the highest degree of luxury for businessmen and companies in the most important locations in Seef area with a sea view. The Breaker: A 35-story residential tower, a project that combines luxury and unique style, in the most important commercial locations in the Kingdom of Bahrain in Seef area on the northern side of the City Center complex. La Vida and The ONE: These are high-end residential units located in Busaiteen and are very close to the Irish Medical University (RCSI), King Hamad Hospital and Bahrain International Airport. The company continues with its innovative projects that meet the aspirations of individuals to own properties that combine luxury and true luxury in prime locations, and will be launching new projects over the next few months. The company is one of the largest providers of private property rights and self-storage facilities in the Kingdom of Bahrain
The company is one of the largest providers of private property rights and self-storage facilities in the Kingdom of Bahrain.
