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Kuwait – As part of its strategic initiative to expand and serve the largest number of its clients, Al-Raya United Company for Real Estate Development recently opened a branch in Madina Monwwara, Saudi Arabia. The opening ceremony was held in the presence of CEO Jassim Al-Fajji and a number of employees from Al-Raya’s various departments.
Speaking on the occasion, Al-Fajji said that the expansion in the kingdom comes within Al-Raya’s strategic plans as well as Saudi Arabia’s 2030 strategic plan that focus on diversifying and developing non-oil sectors and creating more job and investment opportunities.
Al-Fajji added that Al-Raya operations currently enjoy considerable trust in Saudi Arabia and steadily head towards an accelerated boom. “We are sure that Saudi market promises a great deal of success and ensures good investment revenues under a wise leadership. This expansion will undoubtedly help develop the kingdom’s economy as well,” Al-Fajji underlined.
Notably, Al-Raya operates a number of hotel projects in the Kingdom of Saudi Arabia including Sky Tower Hotel in Makkah and Nusk Al-Madinah Hotel, both receive considerable numbers of guests thanks to their strategic locations. Both are located a few steps away from the Prophet (PBUH)’s mosque in Madina and the Holy mosque in Makkah.
Al-Raya was founded in 1994 as a real estate development and investment company to lend support to economic development witnessed by Kuwait and the region and to participate in the revitalization of the real estate and investment sectors by means of generating robust dynamic opportunities consistent with the market situation.
Al-Raya has expanded its strategic services to strengthen its operations across a number of branches in the Middle East and Africa, including: Al-Raya United Company, a Kuwaiti-Egyptian company in the Arab Republic of Egypt, Al-Raya United Company Branch of Saudi Arabia, Jaddarah Hotel’s Management and Operation in Saudi Arabia and Al-Raya United Turkish Company, a Turkish real estate company.
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