Ramla Real Estate Development Company, owned by Naif Al-Rajhi Investment (NRI), has announced the launch of Burj Ramla tower, described as the distinctive real estate project that highlights the company’s unique approach in developing world-class projects that mark an imprint in the community and adds value to the investing partners.
Naif Al-Rajhi, MD of Ramla, said: “Our goal is to work with strategic partners, investors, developers, financiers and international companies to develop our investment projects portfolio that integrate with the goals of the visionary leadership of the Kingdom to enhance our global competitiveness, and thus strengthen our position globally.”
Jacques Al-Boustani, CEO of Ramla, stated: “The announcement of Burj Ramla during this time comes to confirm our confidence in the Saudi economy, the strongest market in the region and the most stable in general, through our deep understanding of tomorrow’s needs of the modern Saudi lifestyle as Ramla strives to be one of the leading real estate development companies that create a mark the difference in the Saudi real estate sector.
The SR600 million project was announced during a ceremony held in Al Faisaliah Hotel.
“Burj Ramla will be the new address of excellence and will have clear impact on Riyadh’s architecture by its innovative design and unprecedented services,” the company stated.
Burj Ramla will reach more than 150 meters and situated on King Fahd Road, north of the financial district, and is expected to be completed by the third quarter of 2018.