Injaz receives 'Restatex Best Real Estate Developer for 2012' award from Ministry of Housing

Injaz was recognized for its leadership and success in KSA's real estate sector and for its major projects.

Injaz, which will be taking part as Golden Sponsor of Restatex 2013, will also showcase its high-profile projects and discuss key market insights and emerging investment opportunities with industry leaders and decision makers during the trade event which runs from April 28 to May 1. The Housing Forum, which was held as a precursor to Restatex 2013, took place from April 23 to 24.

Omar Al-Kadi, CEO and Managing Director, Injaz Development Co., said, "The Restatex award confirms the success of our strategy to complement ongoing government initiatives and to focus on premium-quality integrated development projects. The previous year was highly rewarding for Injaz as we witnessed a 35% growth in business, especially with the progress in Al Gamra and Al Marina projects. Both projects have been specifically developed to address the growing investment and housing needs in the central and eastern regions, putting us in a strong position to take advantage of the ongoing economic upsurge and real estate boom in the Kingdom. We are grateful to the H.E. Dr. Shwaish bin Saud Al Dhwaihy and the organizers of the award for recognizing our efforts and the value of our projects in setting new benchmarks in terms of quality and excellence in KSA's real estate sector."

Al Gamra is an integrated development project located in the heart of 'New Riyadh' with a total space of 2,595,500 sqm. It offers easy access to a network of roads, while being close to the Northern Riyadh project of the High Commission for the Development of Arriyadh.

Al-Marina, a 3.3 million square meter development on the Al-Khobar-Dammam costal corridor, is being developed as a major waterfront landmark on the Eastern Province and recognized as one of the Kingdom's most sophisticated, multi-use real estate projects, featuring high-quality lifestyle components.

Restatex is a major driver of the Saudi real estate market, providing a springboard for developers and investors to explore and engage in the Kingdom's top projects. The 2013 edition is being attended by senior government officials, industry leaders, major investors, and bank heads.