ID :
84229
Mon, 10/12/2009 - 10:24
Auther :
Shortlink :
https://oananews.org//node/84229
The shortlink copeid
GREATER MALAYSIAN INTEREST SOUGHT FOR JABAL OMAR DEVELOPMENT
From Jeffri Mohd Rafiee
RIYADH, Oct 12 (Bernama) -- Jabal Omar Development Company has invited greater Malaysian interest including Tabung Haji to participate in the 60-acre (24-ha) real estate project near the Grand Mosque (Masjidil Haram) in Makkah.
International Trade and Industry Minister Mustapa Mohamed, who is on the
final leg of his week-long trade and investment mission to three Arab countries,
said the project involved SR18 billion (about RM17.1 billion).
"Work has started. They are inviting Malaysian investors including Tabung
Haji (Pilgrims Fund) to rent part of the area that is under development.
"God willing, we are able to hold meetings with the relevant parties in
Malaysia to encourage them to invest in this project," he told Bernama
here Saturday.
Jabal Omar Development Company, listed on the Saudi Stock Exchange, is the
real estate investment, development and property manager of Jabal Omar.
The project, primarily aimed at providing better housing facilities for
pilgrims, would have 92 multi-storey buildings, 27 five-star and four-star
hotels, parking for 12,000 vehicles, commercial centres, 4,500 shops and 3,000
showrooms, a central transport station and prayer facilities for 202,000
worshippers.
The land and infrastructure part of the project, is scheduled for completion
next year.
Presently, Malaysian companies involved in the project include builders
Ahmad Zaki Resources and United Engineers.
Mustapa said he had also been briefed by Saudi Arabia-Malaysia Business
Council chairman Dr Sheikh Ghassan Al-Sulaiman on the possibility of enhancing
further bilateral cooperation including the participation of Malaysian companies
in several integrated tourism projects.
"This is one field that is being developed by Saudi Arabia. Previously,
tourism was seen as a less convincing sector but today, many of the Gulf nations
including Saudi Arabia are diversifying their economies,
"In the past, they relied too much on oil and gas. Today, they all want to
diversify their economies and I was briefed that tourism is one of the sectors
in focus."
He said the sector was open not only for Saudis but but for people in the
Gulf region as well.
"Therefore, the opportunity for Malaysian companies is really good," he
said," he said.
-- BERNAMA
RIYADH, Oct 12 (Bernama) -- Jabal Omar Development Company has invited greater Malaysian interest including Tabung Haji to participate in the 60-acre (24-ha) real estate project near the Grand Mosque (Masjidil Haram) in Makkah.
International Trade and Industry Minister Mustapa Mohamed, who is on the
final leg of his week-long trade and investment mission to three Arab countries,
said the project involved SR18 billion (about RM17.1 billion).
"Work has started. They are inviting Malaysian investors including Tabung
Haji (Pilgrims Fund) to rent part of the area that is under development.
"God willing, we are able to hold meetings with the relevant parties in
Malaysia to encourage them to invest in this project," he told Bernama
here Saturday.
Jabal Omar Development Company, listed on the Saudi Stock Exchange, is the
real estate investment, development and property manager of Jabal Omar.
The project, primarily aimed at providing better housing facilities for
pilgrims, would have 92 multi-storey buildings, 27 five-star and four-star
hotels, parking for 12,000 vehicles, commercial centres, 4,500 shops and 3,000
showrooms, a central transport station and prayer facilities for 202,000
worshippers.
The land and infrastructure part of the project, is scheduled for completion
next year.
Presently, Malaysian companies involved in the project include builders
Ahmad Zaki Resources and United Engineers.
Mustapa said he had also been briefed by Saudi Arabia-Malaysia Business
Council chairman Dr Sheikh Ghassan Al-Sulaiman on the possibility of enhancing
further bilateral cooperation including the participation of Malaysian companies
in several integrated tourism projects.
"This is one field that is being developed by Saudi Arabia. Previously,
tourism was seen as a less convincing sector but today, many of the Gulf nations
including Saudi Arabia are diversifying their economies,
"In the past, they relied too much on oil and gas. Today, they all want to
diversify their economies and I was briefed that tourism is one of the sectors
in focus."
He said the sector was open not only for Saudis but but for people in the
Gulf region as well.
"Therefore, the opportunity for Malaysian companies is really good," he
said," he said.
-- BERNAMA
