The vice general manager of Kuwait's real estate company, "Ajwan al-Khaleej",
Mubarak Abd al-Wahab al-Bader, said that 2004 was an excellent year for the
company, since it succeeded in marketing 1000 plots in various regions of the United Arab Emirates, according to the Kuwaiti newspaper, Al-Watan.
Al-Bader was speaking on the occasion of the expected participation of the company in the Real estate, Investments and Construction Exhibition, to be held in Kuwait Regency Palace Hotel during April 4-8, 2005. Al-Bader added that the company has recently purchased land plots in the Emirate of Ras al-Khaimah. The total area of these lands is 144,000 square meters. Immediately after this purchase, the company decided to change the target of these plots from housing to industry and commerce, making them more profitable.
The company will publish soon its program for the current year, in which it expects to open new markets in the Arabian Gulf, in Arab States and in Europe.
