<A real estate consortium comprising Ajlan & Brothers, Al Jadeei Group, Al Noah Real Estate Group, Talal Al Ghoneim Group and Abdullah bin Zaid Al Sulaiman Real Estate succeeded in purchasing the Dana Al Rams scheme in Qatif for SAR 2 billion.
Ajlan bin Abdulaziz Al Ajlan, Chairman of Ajlan & Brothers, said: «We succeeded in forming this conglomerate to buy land that is actually considered one of the most attractive residential and commercial sites in Qatif, which is characterized by an increasing and significant population growth. We are well aware of the requirements of the next stage on the entire real estate scene, this stage really needs to strengthen conglomerates and alliances in order to develop raw lands, as economic monitoring indicators have unanimously agreed on the need to raise the real estate stock of lands of all kinds. This matter fulfills the requirements of housing development companies, individuals, as well as investment development.»
It is noteworthy that the 3.7 million square meters Rams plan is one of the largest plans in the region, and is characterized by a panoramic view of the Arabian Gulf coast with a frontage of about 4 thousand meters and the most important and located north of the plans of Nazareth and Zahraa in the city of Qatif, and approved with the number 3/376 modified, and the company Tasweikar had started developing it several years ago, while the new conglomerate will work to complete the development of the plan with all necessary facilities such as live drainage, water network, electricity and telephone network, street lighting and asphaltation and some forestry and beautification works.
Ajlan bin Abdulaziz Al Ajlan, Chairman of Ajlan & Brothers, said: «We succeeded in forming this conglomerate to buy land that is actually considered one of the most attractive residential and commercial sites in Qatif, which is characterized by an increasing and significant population growth. We are well aware of the requirements of the next stage on the entire real estate scene, this stage really needs to strengthen conglomerates and alliances in order to develop raw lands, as economic monitoring indicators have unanimously agreed on the need to raise the real estate stock of lands of all kinds. This matter fulfills the requirements of housing development companies, individuals, as well as investment development.»
It is noteworthy that the 3.7 million square meters Rams plan is one of the largest plans in the region, and is characterized by a panoramic view of the Arabian Gulf coast with a frontage of about 4 thousand meters and the most important and located north of the plans of Nazareth and Zahraa in the city of Qatif, and approved with the number 3/376 modified, and the company Tasweikar had started developing it several years ago, while the new conglomerate will work to complete the development of the plan with all necessary facilities such as live drainage, water network, electricity and telephone network, street lighting and asphaltation and some forestry and beautification works.
New conglomerate will work to complete the development of the plan with all necessary facilities such as live drainage, water network, electricity network, telephone, street lighting, asphalt and some afforestation and beautification.
