Bahraini Spirit
September 22nd, 2004, 09:51 AM
Jowharat Al Babtain Holding Group has commenced the collective partnership phase for its "Jowharah" real estate project. The first stage of the project is estimated to cost SR750 million, said officials.
The real estate development project, which covers an area of 328,500 square metres, will include business towers, a mega mall, hotel towers and exclusive residential units.
In addition, separate commercial/business complexes will surround the exterior perimeter of the site, to form an integrated unit for the utilisation of the business sector.
It is on a prime location at the intersection of Waly Al Ahd and Prince Majid Streets at Jeddah's Old Airport district.
The "Jowharah" project is considered to be the latest real estate investment opportunity to be promoted as a collective partnership in Saudi Arabia.
Creative concepts and strategies are being implemented to develop and activate the project that will adopt new architectural, engineering and environmental concepts.
Speaking at the project launch, Jowharat Al Babtain Holding Group CEO Abdulaziz bin Mohammed Al Mutlaq outlined the elements invested in the project, describing the many superb features of the development, emphasising the unique opportunity that will present itself to Jeddah's influential business community in this outstanding new addition to the real estate sector.
He was speaking at a Press briefing held at the Jeddah Hilton, attended by prominent businessmen and journalists.
The "Jowharah" project, located immediately at King Abdulaziz Square, is easily accessible through Prince Majid Street (north / south), Waly Al Ahd Street (East/West) and King Fahd Road (north / south).
Jowharat Al Babtain Holding Group is a Saudi company with a stated capital of SR100,000,000.
The Group specialises in real estate investments, and comprises several independent business units, which include the project department, engineering department, research department and "Edarat" a company that handles real estate marketing and management, training and market research.
The real estate development project, which covers an area of 328,500 square metres, will include business towers, a mega mall, hotel towers and exclusive residential units.
In addition, separate commercial/business complexes will surround the exterior perimeter of the site, to form an integrated unit for the utilisation of the business sector.
It is on a prime location at the intersection of Waly Al Ahd and Prince Majid Streets at Jeddah's Old Airport district.
The "Jowharah" project is considered to be the latest real estate investment opportunity to be promoted as a collective partnership in Saudi Arabia.
Creative concepts and strategies are being implemented to develop and activate the project that will adopt new architectural, engineering and environmental concepts.
Speaking at the project launch, Jowharat Al Babtain Holding Group CEO Abdulaziz bin Mohammed Al Mutlaq outlined the elements invested in the project, describing the many superb features of the development, emphasising the unique opportunity that will present itself to Jeddah's influential business community in this outstanding new addition to the real estate sector.
He was speaking at a Press briefing held at the Jeddah Hilton, attended by prominent businessmen and journalists.
The "Jowharah" project, located immediately at King Abdulaziz Square, is easily accessible through Prince Majid Street (north / south), Waly Al Ahd Street (East/West) and King Fahd Road (north / south).
Jowharat Al Babtain Holding Group is a Saudi company with a stated capital of SR100,000,000.
The Group specialises in real estate investments, and comprises several independent business units, which include the project department, engineering department, research department and "Edarat" a company that handles real estate marketing and management, training and market research.