Awali News Feed

Financia a new Investment Company launched at Cityscape Saudi Arabia

2009-06-24 01:21:58

A new name in finance and investment is launched today at Cityscape Saudi Arabia. Financia is the new name for Masar Advisory, a leading corporate finance firm founded in 2005 in Bahrain which works throughout the GCC. With the addition of new shareholders, including many high-profile institutions in the Saudi Arabian real estate sector, Financia aims to build on the successful track record of its predecessor firm, Masar Advisory, and will work extensively in the coming years on the development and management of innovative Sharia-compliant investment products. An application for an Investment Company license is currently underway with the Central Bank of Bahrain, and an application for a license with the Capital Markets Authority in Saudi Arabia is expected in the near future. With a strong reputation for understanding the needs of businesses and utilising its strong relationships with banks and financial institutions, Financia will continue to create an ...

Jenan Real Estate Co. – the avant-garde approach to real-estate development in KSA.

2009-01-31 23:02:54

Al Khobar, Saudi Arabia: The Easter Province of Saudi Arabia witnessed the launch of one of the biggest entrants in the Real Estate Development sector . Jenan Real Estate Company, a closed joint stock company established by a group of prominent Saudi Arabian, Kuwaiti and Bahraini business houses, hosted the official launch of their company in the presence of their board of directors, management team, VIP dignitaries and members of the press. With a paid up capital of SR 475 million (US$ 127 million), the developer aims to cater to the growing demand for homes in the KSA market. In a move away from the ordinary, the company plans to maintain a consistent focus on creating and promoting the concept of community living through all their projects. The Eastern Province will be the company's initial focus to launch developments in, followed by a gradual expansion all over the Kingdom of Saudi Arabia. Another phase of the strategic plan for Jenan is to set itself as...

Ajman Real Estate Regulation Authority strengthens Emirate’s status in UAE Property Sector

2009-01-31 02:02:11

In the wake of orders by H.H Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman and Member of the UAE Supreme Council, to establish the Ajman Real Estate Regulation Authority, Awali Real Estate Investments, leader in real estate investment, has announced its full support for the steps taken by the government of Ajman to develop the property sector in the emirate. The company believes that an authority of this nature could establish a new era of real estate development in the emirate of Ajman, regulating the business of developers, investors and buyers alike, and noted that the establishment of such an authority at this crucial time is very significant, and could lead the emirate to be the first to recover from the effects of the global financial crisis. Said Mr. Ali Al Nemer, Awali Company Managing Director: “The establishment of the real estate authority at this current time is a sound and intelligent move. It reflects a very distinct and ambitiou...

Nakheel notches milestone at Waterfront

2009-01-14 00:30:18

Dubai-based developer Nakheel said it has cast the raft foundations for two of its 132kV substations at its Waterfront development after six months of detailed design and engineering. A total of 1,700 tonnes of concrete and 170 tonnes of reinforced steel were used to complete the foundations. Nakheel's Waterfront Electrical Infrastructure team is managing the construction of the substations which will eventually be handed over to DEWA for operation. ...

Ajman establishes real estate regulator

2009-01-13 23:56:02

The UAE emirate of Ajman has established a new real estate regulator for its fast-growing property sector. The Ajman government on Tuesday amended a law creating the Ajman Real Estate Regulatory Establishment. The regulator will be tasked with drawing up policies for property projects and commercial buildings, recommending legislation as well as regulating the relations between property developers and buyers, news agency WAM reported....

Watan Investment Conducts a Seminar The Aftermath of the Financial Crisis: the Challenges & Opportunities

2009-01-13 01:24:42

Last Monday Watan investment conducted a seminar “The Aftermath of the Financial Crisis: the Challenges & Opportunities” at the Riyadh Marriott Hotel. The speakers were a collective of international and local economist and financial market specialists. Mr. Uto Baader, Chairman of Baader Bank AG, gave a presentation on the European perspective of the Financial Crisis and the challenges and opportunities it has created. Mr. Baader highlighted the effects of the financial crisis on the German economy, as it is currently in recession because of it. As for the effect of the financial crisis on the real-estate markets in Europe and the GCC, Mr. John Kennedy, Chairman of Kenmore Real-estate Group, gave a presentation titled “The Financial Crisis – The effects, challenges and opportunities in the real estate market in the UK, Western Europe and the GCC”. In addition, Mr. Paul Ormerod, Director of Volterra Consulting & Economis...

Awali Real Estate Development Moves into new Offices in KSA

2008-12-17 01:45:17

Awali Real Estate Development, the region’s leading real estate developer, announced that the company moved into its new offices in Novotel Business Park complex 3rdTower 4th Floor, located at Al Khobar-Al Damam highway. Awali's move is in line with the company's expansion plans to enter new markets and develop leading projects in GCC and Arab countries. This step also looks to provide comfort and ease for the company's staff by providing them with the perfect working environment. Mohammed Hussein Abdullah Al Nemer, Board Member and Chief Marketing Officer of Awali Real Estate Investments, said of Awali's decision to move: "Recently, Awali witnessed a number of expansions, entering new markets and announcing leading projects, as well the expansion of its workforce. This has necessitated a move into new offices so as to bring peace of mind and create more room for creativity for our staff. The offices sport a modern design that fits the requirements of our staff fo...

Awali Real Estate Investments to participate in Acres Middle East 2008

2008-12-16 03:09:21

The first edition of Acres acquired an impressive success rate in terms of sales, number of visitors, and participants. Awali's participation in Acres Middle East 2008 comes in response to the latest rise of numerous economical sectors within the emirate of Sharjah such as the property sector, hotel expansion, and infrastructure growth. These sectors have attracted the attention of various local and Gulf investors, which have subsequently assisted in the quick and steady leap in the property and construction sectors, making Sharjah a popular destination for many regional and international companies and establishments. Awali will be presenting its feature project, Awali City, which was launched last year in collaboration with Ajman's real estate investment establishment, at the exhibition. The project, a mega city, extends over an area in excess of 33 million square feet, and consists of 136 land plots set for residential and commercial use, as well as towers boasting between 17...

Ground Leveling and Internal Roads in Awali City to be completed by Month's End

2008-12-16 02:20:22

One of the leading real estate investors in the region, Awali Real Estate Investments, developer of Awali City in the emirate of Ajman, announced that infrastructure works are progressing according to the planned schedule, and according to the high standards agreed upon by all contractors. The announcement was made during a site visit led by Awali's Managing Director, Ali Al Nemer, accompanied by Eng. Adil Al Saqir of Adnan Safarini Engineering Consultants, to establish the progress made thus far. Ram Road Contracting has completed 80% of ground leveling work and temporary internal roads, to be completed by the end of October, while soil checking and architectural plans for the buildings are 100% complete. The plans were submitted to the municipality for certification, with plans for parking being adjusted according to the new standards issued by the government of Ajman. During his visit to the project site, Al Nemer said: "We are happ...

Awali Real Estate Investments presents Funding Solutions to Awali City Investors

2008-12-15 03:50:28

Awali Real Estate Investments presents Funding Solutions to Awali City Investors .Awali Real Estate Investments, the most reputable company in real estate investment, has announced that it has been in discussion with American Trust about providing funding solutions to buyers and investors for Awali City plots, as well as purchasers of residential units. American Trust has made an initial agreement to fund investors in Awali City, due to the solid financial situation of Awali Real Estate Investments. Details of the agreement will be announced in the future. Commenting on the subject, Board Member and Chief Marketing Officer of Awali Real Estate Investments, Mr Mohammed Hussein Abdullah Al Nemer, said, “While global markets are struggling to find suitable funding solutions for real estate and investment projects on all levels, and are having serious trust issues, we continue to look for partnerships that will provide the best funding solutions for inv...