Amlak - Riyadh
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His Excellency the Minister of Commerce and Industry Mr. Abdullah bin Ahmed Zainal approved the establishment of 6 closed joint stock companies in the field of real estate investment and operation with an estimated investment of about 87 million riyals, namely Manazel Al Faihaa Commercial Investment Company, Manazelna Investment and Real Estate Development Company, Port Development Company, Al Rasakhat Distinguished Real Estate Investment Company and Al Ghoroub Holding Group.

These companies will invest in real estate activities, the operation of medical complexes and medical rehabilitation centers, the management of complexes and tourism projects, and the operation of the King Abdullah Economic City port. The establishment of such companies is a sign of the growing economic movement in the Kingdom and will contribute to enhancing the activity of the real estate market and raising its performance level.