UAE’s Union Properties, Naif Alrajhi Investment sign MoU

14 Apr 2015

(MENAFN) Union Properties, the UAE-based real estate developer, signed an MoU with the Saudi Naif Al-Rajhi Investment Company to create a joint real estate investment firm in the Kingdom, Saudi Gazette reported.

The memorandum of understanding involves real estate administration, the acquisition of domestic and commercial properties, and the buying of plot for commercial and residential development.

“The Saudi market is one of the most attractive investment destinations, and signing this MoU with Naif Al-Rajhi Investment Company, comes within our objectives to pursue new investment opportunities,” the General Manager of Union Properties said.

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