Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Abdulaziz Alsaghyir concludes SR500m deals  Join our daily free Newsletter

MENAFN - Arab News - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Abdulaziz Alsaghyir Holding - one of the major companies specialized in investment, contracting, building materials and real estate development sectors - has announced that the volume of company investments in the real estate sector for 2013 exceeded SR500 million.
The real estate investment deals concluded by the company throughout last year were mainly concentrated in three major countries - Saudi Arabia, the US and the UK.
Waleed Alsaghyir, VP at Abdulaziz Alsaghyir Holding, said throughout 2013 the company entered into real estate deals in a range of global real estate markets with the purpose of accomplishing a bundle of investment targets. At the foremost of these targets was entering the American real estate market in order to accomplish about 9 percent annual cash return where dissociation takes place in five years.
A number of current real estates were acquired in some of the major states of strong economics, including Texas, California and the Capital Washington, DC.
Abdulaziz Alsaghyir Holding invests in the Saudi residential real estate sector through one of its real estate companies - Maskan Arabia Co. - in which it possesses ownership stakes of about 70 percent.
The company was originally founded for the purpose of providing high quality housing solutions and crafting the most prestigious housing standards through launching a number of villa projects that enjoy elegance of design and uniqueness of execution, according to a statement.
The company's investment portfolio consists of a broad range of residential projects, and throughout the past three years Maskan Arabia managed to deliver three projects comprising 114 residential units.
The most prominent among the company's residential projects are Maskan Villa, Maskan Villa and Al Dar Project in the Al Ma'athe district in Riyadh. Currently, Maskan Arabia plans to complete its latest and huge residential project Ritaj, which the company has started to develop in northern Riyadh and comprises 292 residential units.


Waleed Alsaghyir, VP at Abdulaziz Alsaghyir Holding, clarified that the real estate sector is of great importance to the company. "By virtue of the wide experience that it has acquired through its investments and presence in the global and local real estate markets since a long time ago, Abdulaziz Alsaghyir Holding always regards the real estate sector as an important and desired commodity regardless of the fluctuations, which might affect it from time to time in light of its nature and due to the changes in the world economic cycle," he added.


"Yet after all, the real estate sector remains to be a strategic, defensive, dynamic and rewarding sector at the same time; likewise, the demand for this sector is constantly rising not to mention the increase in population. In light of the previously mentioned, the company focused on this kind of investment and distributed its investment portfolio - whether in terms of the geographical aspect of target markets or the type of return on investment - via getting engaged in global real estate markets

," he said.
Alsaghyir expects that the Saudi real estate sector will continue the march of prosperity that it has started a few years back given the establishment of an independent ministry mainly concerned with housing, issuance of executive regulations for the mortgage system as well as the government initiatives - represented in the Ministry of Housing - in supporting citizens to attain their own residential units.

 


Arab News




  MENA News Headlines
 Mar 31 2015 - US Crude Recovery May Be Limited, Natural Gas Braces For Storage DataDailyFX
(MENAFN - DailyFX) Gold slumped on Wednesday as its pricing currency the USD gained on the back of the December FOMCdecision. The removal of the 'considerable time' phrase from the policy statement, ...

 Mar 31 2015 - A noble gesture by UAE's Sheikh Hamdan: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The decision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to donate his Dubai World ...

 Mar 31 2015 - Etihad Airways celebrates arrival of inaugural Alitalia flights from Venice and Milan to Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etihad Airways, the national airline of the United Arab Emirates, joined celebrations at Abu Dhabi International Airport yesterday to welcome the arrival of its ...

 Mar 31 2015 - UAE's Ministry of Higher Education and Scientific Research joins local and federal scholarship authorities to activate National Scholarship DatabaseEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) On the instructions of Sheikh Hamdan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, to coordinate and unite efforts with all ...

 Mar 31 2015 - UAE's Assistant Under-Secretary for Protocol Affairs at MoFA attends reception at Bangladesh EmbassyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Shehab Ahmed Mohammed Al Fahim, Assistant Under-Secretary for Protocol Affairs in the Ministry of Foreign Affairs, attended a reception last night hosted by ...

 Mar 31 2015 - UAE's Minister of Environment discusses cooperation with Ambassadors of Poland and EritreaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water, has met with Adam Krzymowski, Poland's Ambassador to the UAE, and discussed ways to enhance ...

 Mar 31 2015 - UAE's DLD sponsors fifth cycle of Princess Haya Award for Special EducationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Land Department, DLD, has signed a sponsorship agreement with the Princess Haya Award for Special Education, PHASE, to host its fifth cycle due to be held ...

 Mar 31 2015 - Talented Emirati musicians perform for patients across the UAE to aid their recoveryEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Abu Dhabi Festival, in association with Mubadala, has brought the popular 'Music in Hospitals' initiative to healthcare facilities across the UAE for the ...

 Mar 31 2015 - UAE's FCA launches customs statistics service on smart phonesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Federal Customs Authority yesterday launched a customs statistics service on its website and a smart phone application to respond to customers' enquiries on ...

 Mar 31 2015 - UAE remains dedicated to covering health needs of Syrian population affected by crisisEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UAE is dedicated to fulfilling the financial gap in the health sector of the Syrian refugee population in order to meet their basic humanitarian and health ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help