Jowharat Al-Babtain Holding Group has commenced the collective partnership phase for the "Jowharah" real estate project. The announcement was made recently at a press briefing held at the Jeddah Hilton.
Estimated initial cost of the first stage of the "Jowharah" project is SR 750 million. The site covers 328,500 square meters. The real estate development project is at a prime location at the intersection of Waly Al-Ahd and Prince Majid Streets, Jeddah.
The "Jowharah" project is considered to be the latest real estate investment opportunity to be promoted as a collective partnership in the Kingdom.
The project 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 utilization of the business sector.
Speaking at the project launch, Mr. Abdulaziz bin Mohammed Al-Mutlaq, CEO of Jowharat Al-Babtain Holding Group outlined the elements invested in the project, describing the many superb features of the development, emphasizing the unique opportunity that will present itself to Jeddah’s influential business community in this outstanding new addition to the real estate sector.
The "Jowharah" project covers an area of 328,500 square meters on a prime location at the intersection of Waly Al-Ahd and Prince Majid Streets at the Old Airport district.
Located immediately at King Abdulaziz Square, the project 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 SR 100,000,000. The Group specializes in real estate investments, and is comprised of 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. (menareport.com)
© 2004 Mena Report (www.menareport.com)
