NRI introduces SR600m Burj Ramla tower project

With a clear strategy and vision, Naif Al-Rajhi Investment (NRI) is keen to work in line with the preset objectives of the Council of Economic Affairs and Development, and along with the changes that indicate broad opportunities for growth in the real estate sector. Ramla Real Estate Development Company, owned by Naif Al Rajhi Investment, has announced the launch of Burj Ramla tower, 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. Managing Director of Ramla  Naif Al-Rajhi 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." Eng. Jacques Al Boustani, CEO of Ramla, said: "The announcement of Burj Ramla during this time comes to confirm our confidence in the Saudi economy, the strongest markets 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 at the Prince Sultan grand Hall 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. Burj Ramla will reach more than 150 meters and situated on King Fahad Road north of the financial district and is expected to be completed by the third quarter of the 2018. — SG