Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Union Land Development Announces Execution of Al Abdali Tower and investment in Aqaba's South coast  Join our daily free Newsletter

MENAFN Press - 01/05/2006

No. of Ratings : 0
Add to Mixx!


 


Union Land Development (ULD), one of Jordan's leading real estate companies announced plans for upcoming housing and commercial projects including Al Abdali Tower, at the annual General Assembly Meeting, held at Union Bank last Saturday 29th April 2006. Members of the General Assembly were also given a demonstration on the new Union Land Development corporate identity, launched last month as part of the company's testament towards the Kingdom's development and growth.

Engineer Ramzi Salfity, General Manager of ULD company announced that ULD will implement Al Abdali Tower consisting of 34 floors in cooperation with "Union Investment Company" and "United Arab Investors Company", as well as commence work on various housing and commercial projects in Amman and other areas.

The company will also invest in the south coast of Aqaba in cooperation with "Zara Company". In order to ensure premium service as well as efficiency, the company has established two new departments including a specialized Marketing Department to promote ULD projects in the Kingdom and a post sales service department to provide maintenance.

"We aim to cater to different classes in the Kingdom by developing social stratum specific projects and making sure we accommodate citizens with limited incomes. We also hold in high regard the architectural designs used in our projects in order to make sure that the Kingdom's skyline maintains its aesthetic significance," Eng. Slafity said.

Essam Salfiti, Head of Board of Directors stated that ULD is self sustaining and depends on its revenues to finance its projects, utilizing a well studied mechanism to control its costs and cash flow.

During the GA meeting, stakeholders discussed the feasibility of the presented projects and the annual report with the Board of Directors.

As a testament to its success, ULD has managed to raise its capital from JD15 million to JD45 million over the last year. The company specializes in land investments, real estate development and execution, and is involved in commercial, industrial, agricultural and tourism projects as well as hotel management.

 






  MENA News Headlines


 
Click to Apply






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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help