The first edition of the “Al-Jad” investment conference discusses investment opportunities with the participation of many companies from various countries in Jeddah
Last night, Saturday evening, the first real estate conference of “Serious Investment” was launched with the participation of many companies from various countries, in the presence of a group of businessmen investors and international engineering and architectural design offices that have a clear imprint in several large projects such as the city that will create a new style of sustainable lifestyle and a different look as Human progress is the city of NEOM, the Rafale tower, which is characterized by its engineering design, and many many wonderful projects.
The conference included an exhibition and pictures on the real estate sector inside and outside the Kingdom and an interactive session for discussion and conversation on the challenges facing the real estate sector.
The conference aimed to create investment opportunities that contribute to the creation of a conscious investment and the development of the real estate field. The conference focused on the conference being the sponsor of many investment opportunities within and outside the Kingdom of Saudi- Arabia, with great investment opportunities.
During the conference, the CEO of Al-Jad Group, Eng. Abdullah Al-Jadaani, spoke about the real estate sector in the Kingdom and what the Kingdom seeks through Vision 2030 and its programs to develop a diversified and effective real estate sector by supporting the development of the national economy, diversifying its sources of income and stimulating savings , financing and investment through the Financial Sector Development Program and the Housing Program to increase the impact of the economic sector, improve its attractiveness for the private sector and develop local content, which contributes to the creation of jobs in the sector and the promoting its participation in the gross domestic product.-society, targeting the most needy groups and increasing the sector’s attractiveness for investment by the private sector, ensuring the sector’s stability and sustainability
And the managing director of the group, Mr. Islam Bafarat, explained the change in the real estate sector and unit prices through the program to attract the regional headquarters of multinational companies, which more than 44 multinational companies of direct access to the economy of the Kingdom of Saudi Arabia, saying: “It has offered them financial and geographic opportunities, while enabling them to be part of one of the most exciting transformations taking place in any city in the world, in the latter half of 2021 more than 600 multinational companies planned to locate in Saudi to register Arabia.
Property price index rises
After that, the Group CEO, Ing. Abdullah Al-Jadaani, talking about the increase in the property price index by 0.7% year-on-year in the second quarter of 2022, mainly due to the increase in residential property prices by 1.9%, and Al-Jadaani expected that the Saudi real estate market will record a CAGR of over 9.74% during the period 2022-2027. The market is divided into offices, residential, retail, hospitality and logistics.
Afterwards, a number of investors, businessmen and representatives of international and local companies gave an introductory statement at the conference and discussed the joint cooperation opportunities with Al-Jad Group. The Managing Director of Al-Jad Group, Mr Islam Bafarat, was referred to the change of local and regional investment methods compatible with large and small investors. It is noteworthy, under the group’s managing director, that the local market is a fertile environment for creating new ambitious investment opportunities in line with the Kingdom’s ambitious vision 2030. The conference will aim to discuss and talk about the challenges facing the real estate sector
Subsequently, a number of agreements and strategic partnerships were signed between the group and the participating companies, in particular:
Signing of a joint collaboration between Al Jad Gulf Investment Company and Azizi Real Estate Development Company in property investment in Dubai. Azizi is one of the largest real estate developers, with projects worth more than seven billion dollars, and more than 200 integrated projects to be delivered in 2025.
Signing of a memorandum of understanding between Al Jad Gulf Investment Company and Post for Financial and Administrative Consultations to study and establish funds of more than five hundred million riyals.
Signing of a memorandum of understanding between Al-Jad Gulf Investment Company and Asas Makeen Real Estate Development to seize investment opportunities in the projects of the Asas Makeen Real Estate Development Company in the Kingdom.
The signing of a strategic partnership between Al Jad Real Estate Development and Investment Company and DAT Engineering Consultancy and Contracting, a company specializing in engineering consultancy and contracting with its main center in Dubai and with several branches in cities such as Abu Dhabi, Riyadh and London The value of the projects implemented by DAT Company More than a billion and a half dollars.
The signing of a strategic partnership between Al Jad Real Estate Development and Investment Company and Edge Architectural Engineering, a company specializing in engineering consulting and contracting with its main center in Dubai and has several branches, including one in London. The value of the projects implemented. by THAT company is more than three Half a dollar. Some of his most important projects are:
Five palm hotel in Dubai
– Rafal Tower in Riyadh
– Participation in the design of the city NEOM
– Participation in the design of King Abdullah Economic City
– Designing commercial complexes in Dubai and London
Signing of a memorandum of cooperation between Al-Jad Real Estate Development and Investment Company and IKEA Furniture Company. The memorandum includes some of the most important items:
– IKEA will provide a free interior design service to the customers of Al-Jad Real Estate Investment and Development Company
– Free delivery service for customers of Al-Jad Investment and Real Estate Development Company
20% discount on IKEA products.
Signing of a memorandum of cooperation between Al Jad Real Estate Development and Investment Company and York Air Conditioning Company. Which is considered one of the largest companies in the world in the field of air conditioners, exceeding the value of its projects by more than 11 billion riyals. It is worth mentioning that York is the company responsible for air conditioning in the Holy Mosques in Mecca and Medina. The memorandum includes some of the most important items:
– 20% discount for wall mounted split air conditioners.
– 5% on window air conditioners.
Al-Jad Real Estate Development and Investment Company also launched the first Gad Real Estate Fund with a value of 400,400 million riyals with Etqan Financial Company, which focuses on real estate development projects in the Kingdom, which includes the major projects developed by Al-Jad Real Estate Development and Investment Company in the cities of Jeddah and Riyadh. It is worth mentioning The first Gad Fund is a fund that allows small investors to invest in real estate with an amount of up to one thousand riyals and excellent returns to achieve which helps diversify the investment portfolio.
For his part, the Executive Director of Al-Jad Group told Al-Madina: “We were pleased with the success of the Al-Jad Group conference and the signing of major companies and agreements that serve the community and new horizons for investment open. and diversify opportunities for large and small investors society. The Executive Director of the group also referred to the attraction of technology and artificial intelligence in the projects of Al-Jad Company for Real Estate Development and Investment at economic prices. The CEO also focused on the active and effective role on which the Al- Jad Group focus. to achieve a better life in harmony with the environment.
The Managing Director of Al-Jad Group explained to Al-Madina: “We were pleased with the launch of the first Gad fund, which amounted to 400 million riyals. Small investors invest in Dubai, as Dubai has a growth of more than 60 see.% in the real estate sector.
The main objectives of the conference:
Discuss and investigate investment and property opportunities
Promoting sustainable development in addition to strengthening international relations
Providing a range of excellent services to the clients of Al-Jad Real Estate Development Company
Providing a range of investment opportunities with Al Jad Gulf Investment Company in the United Arab Emirates and the United Kingdom
The launch of a group of projects from Al-Jad Investment and Real Estate Development Company
Al-Jad Real Estate Development and Investment Company has launched the first Gad fund with a value of 400 million riyals, specialized in real estate development.
Signing many agreements with various parties, including:
Real Estate Development Companies in United Arab Emirates