Along with giving attention to the housing projects, the commercial property company Abdul Latif Jameel has also strongly emphasized in developing commercial properties and infrastructure. Hence, it has initiated several projects with help from internal real estate firms.
Economic development is not possible without giving attention to commercial development. This is a fact in today’s date, and no country can overlook this. Saudi Arabian market has shown a huge appetite for commercial properties, and thereby attracting the interest of large numbers of foreign investors. However, these investments cannot take shape without a local power who is actively involved in commercial real estate. Abdul Latif Jameel deserves mention in this context. The local company of Saudi Arabia has played an active role in boosting large numbers of sectors in the region and real estate sector is one of them. Increasing Demand for Commercial Properties Till a few years back, the real estate sector was not so prominent in Saudi Arabia. The trend started with an increased demand for better housing and Abdul Latif Jameel came up with the housing projects. However, currently, along with handling housing projects, it also emphasizes on commercial projects on a large scale. Its partnership with some of the leading international firms has made it the top commercial land development company in Saudi Arabia and MENAT. This is evidence to the fact that they have currently undertaken large numbers of commercial projects. Facilities for Different Things: The growth in infrastructure and urban planning has enabled Abdul Latif Jameel to offer facilities for large numbers of things. The investment company in real estate has promoted the growth of shopping malls and small businesses. In addition to that, it has also developed different outlets for obtaining auto dealerships. The main aim of taking dealerships and vehicle logistics is to enhance storage facilities in large numbers of MENAT countries. This has also encouraged the participation and support from other individuals and businesses. Master Planned Communities: Abdul Latif Jameel has also partnered with several international businesses in order to create some of the most amazing communities in Saudi Arabia. The ultimate aim of this initiative is to boost the housing and infrastructure of the country so that it acquires a global position in the real estate industry. Some of the projects will also focus on developing top class hotels, leisure facilities and shopping malls. They have entered a joint venture with Emaar Properties, based on Dubai. This joint venture has been named as Emaar Jameel and it is expected to deliver the best communities in the real estate industry of Saudi Arabia. Identifying Some of the Top Locations: The company has already started identifying the top locations for its upcoming projects. Moreover, the commercial property company is also giving attention to the use of advanced technologies in developing these projects. This in turn will not only ensure top quality properties to the individuals and businesses, but also boost economic development. Therefore, the contribution of Abdul Latif Jameel in real estate cannot be overlooked at any cost.
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