You are hereHome
Al Qudra Holding and Saudi Bin Laden Group sign alliance for construction and industrials
Source: BI-ME , Author: BI-ME staff
Posted: Thu January 11, 2007 12:00 am

INTERNATIONAL. Aiming at supporting the massive real estate developments and construction services in the region, Al Qudra Holding and Saudi Bin Laden Group announced signing a protocol alliance to examine various investment opportunities in construction and other industry related sectors. The signing ceremony that took place at the Emirates Palace was headed by Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director of Al Qudra Holding and HE Sheikh Hassan Bin Laden Senior Vice President of Saudi Bin Laden Group.

"We are experiencing a substantial construction boom in the region, which requires advanced industrial and correlated services, and today with Saudi Bin Laden Group we are looking forward to mutual beneficial plans that will support these advancements by all means,” said Al Shamsi. “We will soon be announcing joint projects and launching a joint venture company specialising in the construction and development sector,” he said.

Al Quadra Holdings recently linked up with the South African hotel group Southern Sun Hotels for the development of a three-star hotel complex in Abu Dhabi and it is expanding in various real estate sectors.

Saudi Bin Laden Group is known for its experience in the construction, engineering, development and project operation & maintenance. The company is one of the GCC's leading contracting and project management companies that has been entrusted by both the public and private sectors.

“With this partnership, our expertise will complement each other. We are pleased to be collaborating with Al Qudra Holding, whose expertise is focused in investing in various sectors including, real estate development, BOO and BOT projects, infrastructure and services sectors,” said Sheikh Hassan.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 23, 2014
UAE. Deflationary reading of data endangers risky assets; Global cues drive GCC markets; Growth scare unsettles investors; Extreme bearishness on oil may be overdone.
date:Posted: October 23, 2014
SAUDI ARABIA. The 2014 study - which outlines the top priorities that concern young Saudis - is key to helping policymakers and business leaders design initiatives targeted at improving the lives of the Kingdom's current and future generations.
date:Posted: October 22, 2014
UAE. 47% of Middle Eastern respondents indicated that they are considering a proactive shareholder engagement policy which can open and sustain a productive dialogue with investors.
dhgate