Mohammed Abdul Latif Jameel<\/a>, President of Abdul Latif Jameel, and Mohamed Alabbar, Chairman of Emaar Properties, signed the MoU, which will see Emaar extend its world-class competencies in premium real estate development to create master-planned communities in Saudi Arabia.<\/p>\nMr Jameel said: \u201cAbdul Latif Jameel is a socially responsible business organisation with a proven track-record in undertaking real estate projects, consumer financing, automobiles and general trading. Through our community-oriented initiatives, we have created thousands of jobs in Saudi Arabia and other countries in MENAT region, and we continue to focus on driving youth entrepreneurship.<\/p>\n
\u201cToday\u2019s announcement demonstrates our commitment to build world-class real estate developments that meet the two key requirements of Saudi Arabia \u2013 creating more jobs and meeting the demand for homes. Emaar will bring its proven competencies in developing integrated communities that support all-round economic growth.\u201d<\/p>\n
Mr Alabbar added: \u201cWe are thankful to Abdul Latif Jameel for the partnership to develop world-class real estate projects, which will be highlighted by a truly international and world-class design and superior build quality.<\/p>\n
\u201cEmaar will leverage the experience of developing master-planned \u2018Downtowns\u2019 that have strong positive economic impact, including the creation of new jobs and supporting youth entrepreneurship. Our integrated community developments will meet the growing demand for high-end and affordable luxury homes in the Kingdom, in addition to driving the hospitality and retail sector growth and strengthening all-round infrastructure.\u201d<\/p>\n
The master-planned communities by Emaar Jameel will draw on the latest technologies and offer smart connectivity. Featuring landscaped central parks, Grand Mosques, educational institutions, healthcare centres, children\u2019s play areas and community centres, all the developments will be tailored to meet the lifestyle requirements of residents. Envisaged as \u2018work, live and leisure\u2019 environments, the projects will be designed by international architects, drawing on design inspirations from the region.<\/p>\n
Founded by Mr. Abdul Latif Jameel in 1945, Abdul Latif Jameel is strongly focused on community service, particularly in community investment and creating job opportunities for young entrepreneurs and poverty alleviation, arts and education.<\/p>\n
Emaar Properties already has a strong presence in Saudi Arabia through is business subsidiary Emaar Middle East, which is developing Jeddah Gate and Al Khobar Lakes, two premium lifestyle communities that are already established neighbourhoods. Emaar, The Economic City (Emaar.E.C), listed on the Tadawul, is developing King Abdullah Economic City, one of the region\u2019s largest of its kind developments.<\/p>\n","protected":false},"featured_media":1667,"template":"","tags":[],"newscategory":[],"acf":[],"yoast_head":"\n
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