Register | Forgot password?
Switch to Arabic
Sunday, November 15 - 2009

KM Properties to invest DHS 5 billion in Saudi Arabia

Dubai-based KM Properties, the real estate arm of the Knowledge Management Group (KMG), today announced a major Middle East expansion with new offices in three Saudi cities, Dammam, Riyadh, and Jeddah.

Article continues below
 
With a Dhs 5 billion fund allocated solely to property development in Saudi Arabia, KM explained the strategy behind the new developments. "There is a booming real estate market in Saudi Arabia," said Mr. Khalil Haddad, Managing Director of Saudi Operations. "KM Properties is excited at the prospect of entering such a dynamic market, and we are also eager to give back to the community at large."

An entrance of this scale is expected to create a substantial number of jobs for the Saudi market. The company is also in discussion with various developers in the country and is expected to announce a number of joint ventures soon.

With marketing activities in the KSA to begin in the first quarter of 2007, KM Properties is committed to a long and successful relationship with the Kingdom of Saudi Arabia.

KM Properties is a market leading UAE real estate developer, with a number of successful residential, commercial, and freehold projects. The company recently launched the El Matador tower, one of the few residential developments in Dubai to feature loft apartments and terrace villas.

KMP is also one of the few developers in the region to guarantee date of delivery and consequently deliver on time. The Park Lane development in Dubai's Business Bay was one of the first mixed-use freehold developments to enter the market. KMP's constant partnership with its construction company, Al Rostamani Pegel, helps maintain consistency.

"When our clients invest in us, they do so with the assurance that they are buying into trust as much as the project itself," says Mr. Khalil Haddad. "That's because we want the best for our investors. Everything from our designers to our construction company is chosen with our consumers in mind, and they are well aware of this."

The hugely popular Park Square project sold out within a month of its launch, due mainly to its reputation and the trusting relationship it has cultivated with its investors through the years.

KMP's prestigious Park Lane and B2B developments were designed by Carlos Ott, known for regionally for designing the National Bank of Dubai headquarters, and internationally - L'Opera de Bastille in Paris. KMP is committed to continuing the use of this high level of expertise in all its future developments.
Also consider reading:
Log in to request more information from KM Properties

Notes and media contacts

KM Properties (KMP) is the real estate arm of Knowledge Management Group (KMG). KMP is a fully-fledged real estate company with a portfolio of residential, commercial and freehold properties. KMP's range of services include property investment, management of completed projects, evaluation and inspection, retail and consultancy, maintenance and interior design, personal and business storage, special-needs design for the elderly as well as financial and legal advice.

KMG is a Dubai-based leading group of several solely owned and majority owned companies. Some of the affiliated company businesses involve automobile and heavy equipment sales and services, management consulting services, management and construction, hotel leisure and entertainment, retail and licensing, healthcare and publishing.

For more details please contact

MS. Komal Patwari
KM Group
Al Rostamani Building
P.O. Box 42035
Dubai, United Arab Emirates
Mob: +971 50 4516573
Tel: +971 4 2945500
Fax: +971 4 2945513

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions