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FINANCIAL NEWS
Aqar sells 75% of Rimal project in less than a month
20 Jun 2011
(MENAFN) Aqar (formerly known as Al Khonji Real Estate & Development) Chairman and Chief Executive Officer, Mohammed Al Khonji, stated that the Omani real estate company sold 75 percent of its Rimal project in two weeks, reported Times of Oman.
Al Khonji also said that Aqar benefited greatly from its partnership with Oman’s Better Homes, as the latter was a leader agent in the real estate sector in the country.
The Chairman and CEO added that Rimal offered Omani investors the chance to acquire homes which combine cost-efficiency, good location and the availability of facilities and services.
It is worth noting that Mohamed and his brother Qaboos Al Khonji started their business, Al Khonji Real Estate & Development, in Muscat’s market back in 1991. The company changed its name and identity to Aqar in May 2011.
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