NAIF ALRAJHI Investment has announced the completion of the structuring work of Burj Ramla, at a height of more than 150 meters. The Tower is characterized by its unique design, being seen as monumental architecture that beautifies the sky of the capital of Riyadh. The project reflects the company’s upkeep, trust and reliance in the real estate development sector in the Kingdom.
NAIF AL RAJHI, CEO of NAIF AL RAJHI Investment, described the Saudi real estate market as the largest and the most significant in the region, witnessing major changes. Such changes have provided great opportunities for growth, supported by the numerous measures taken to improve the market, fine-tune the Saudi economy, and diversify its resources. This in addition to many other reforms aimed at pushing ahead the growth of real estate sector and the nation as a whole.
JACQUES ELBOUSTANI , CEO of Ramla Real Estate Development, the development arm of NAIF AL RAJHI Investment, commented on the issue: “The Kingdom’s real estate market is currently confronting a major challenge that requires solid achievement of quality projects and crafting new model of real estate development that responds to requirements of modern lifestyle of Saudis.
ELBOUSTANI pointed out that the qualitative changes witnessed by the market have led the company to invest in Burj Ramla that meets the needs of the customers and helps satisfy their aspirations. The Tower design ensures provision of integrated entertaining services for all family members. It is for the first time in the Kingdom to utilize such international level and advanced technologies in any similar projects.
Strategically located at King Fahad Road, north of the Financial Center, Burj Ramla is expected to be finalized in the third quarter of 2018. The Company plans to launch other several investment projects in the near future, to positively consolidate its market position.
It is worth mentioning that NAIF AL RAJHI Investment is one of the major national companies, successfully moving ahead towards constant growth and development with steady steps and ambitious vision. The Company has become a noticeable household name through its diverse investments in the real estate, capital markets, and private equity. The Company’s investments are characterized by distinction and diversity; which span over more than 30 companies in 11 different sectors. The Company is headquartered in Riyadh, and it has branches in Dubai and London.