ALJ Land plans $1.9bn investment
01 November 2016
Abdul Latif Jameel Land (ALJ Land), one of Saudi Arabia’s leading property developers, said it aims to invest about SR7.5 billion ($1.9 billion) in various development projects across Saudi Arabia by 2022, including SR2 billion ($532 million) this year.
In line with this, ALJ Land said it will develop fully integrated Toyota sales and service facilities in Makkah, Hofuf, Yanbu and Hail at an investment of SR200 million ($53.2 million).
The new customer-centric facilities will feature dedicated areas for showrooms, along with after-sales service and maintenance centres, according to ALJ Land.
These facilities will be fully operational by the end of 2017, it stated.
Ammar Izziddin, the managing director of Tatweer Jameel, an ALJ Land subsidiary and the development managers of the four new locations, said: “We are proud to be undertaking the development of these projects that will bring best-in-class sales and service facilities and further enhance the Toyota ownership experience in Saudi Arabia.”
“By utilising the company’s pool of expertise in construction and development, and by leveraging our longstanding relationships with leading contractors and blue-chip consultancy bureaus in the industry, we are confident that these projects will be executed to the best quality standards,” noted Izziddin.
- RAR Wood busy with key projects
- Largest maritime yard takes shape
- Update
- Topwerk buoyed by success in the Gulf
- Saudi Aramco to spend $334bn in next 10 years
- French utility Engie wins $1.2bn Saudi power deal
- ALJ Land plans $1.9bn investment
- SEC woos private sector
