In its second general assembly meeting, Taameer Jordan announced becoming a holding company and announced its 2007 plans.
Taameer's profits for 2006 reached to JD30 million and the investment size $ 2.2 billion, according to Earnest and Young who were re-elected as the external auditors for the company during the assembly meeting.
The holding company will include all Taameer Jordan's projects and all the companies under it as part of a comprehensive expansion plan. It will be investing in bonds and stocks, offering mortgage loans, insurance and financing, and property management services. On the product level, industries will include wood, pre-cast concrete, iron and UPVC.
Dr. al Wazani recapped on last year's achievements, that include the progress in Red Sea Resort, Andalusia, and al Rawda projects, launching the $900 million "al Jiza Residential City" in cooperation with Housing and Urban Development Corp, the 1 billion dollar "al Mushatta" industrial city, and the "Teacher's Residentials" with the ministry of Education, establishing a mortgage loan company and a property management company, signing agreements with 5 banks, and working on regional expansion through partnering up with investors across the Arab region.
© 2007 Al Bawaba (www.albawaba.com)
