Mohammed Al Khalil, managing director and CEO of Akwaan Properties is brimming with buoyant confidence. Al Khalil, who graduated with a B.Sc. in Engineering at the King Fahd University of Petroleum & Minerals before leaving to the US to obtain a M.Sc. in Business Administration from Colorado State University, leads one of the largest real estate companies in the country – expected to enter the top three in the foreseeable future.
Akwaan Properties was started in early 2007 with capital of $200 million and is currently running
investment projects to the tune of $300 million. “Actually the partners in the company had been working together for some 15 years prior to starting Akwaan Properties, which is a vehicle formalizing
their partnership for the execution of further and larger projects”, explains Al Khalil. These partners include “some of the leading business families in the Kingdom”.
The company has “large land banking funds in the Kingdom of Saudi Arabia” and aims to develop and manage ready-made projects with a high return on investment. The company’s optimal customization and quality of concept differential will be developed through industrial, residential, retail and mixed-use development projects.
Diversifying into retail, the company has recently opened its first 'Building and Design City' in Riyadh. In all, six of these specialized building material malls are scheduled to open around the country. Al Khalil is also vice-president of the National Real Estate committee, which he helped found in 2007, and which, among other activities, assists foreign companies entering the local market. “With 20 years of experience, we represent them as agents or participate in joint ventures. We can be of much use as we are thoroughly familiar with the country’s regulations and legalisation.”
Our latest investment report on Kuwait was recently published in one of the leading Spanish dailies, ABC. FindMe in Kuwait explores the economic perspectives of Kuwait and the country´s future plans to compete with its fast developing neighbours. Once the leading country of the Gulf, Kuwait has remained silent for the past decade. And although many would like to see faster changes, Kuwait is moving, at its pace, to them. Inexorably. Learn about who is who in Kuwait and read what the leaders say about their own future in our upcoming release: FindMe in Kuwait Mobile app.
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Global Gulf Consulting has concluded its latest production on Bahrain, FindMe in Bahrain giving the country a fresh approach after a couple of difficult years of local demonstrations that matched the global recession. Bahrain is a small island in the Arabian Gulf with an incredible potential for logistics, industries and tourism. FindMe in Bahrain was supported by both the public and private sector of Bahrain. Banagas, Nass Corporation, BBK and DHL were GGC strategic partners in the development of the series among others.
FindMe in Bahrain is available at the local bookstores Jashamal and online as well as in the Apple Store. It is a full business leisure and business guide for any investor or visitor interested in traveling to Bahrain or for those that already live there.
FindMe in Saudi offers a multi-faceted overview combining business and leisure, economy and heritage. The book aims to capture the current development of Saudi Arabia in the words of the people who live and work there. It is an authoritative source of information for investors, businessmen and travellers produced to firmly position KSA as an attractive investment destination.
In contains general information about the country´ economic performance and who is who as a sectorial overview and a leisure guide.
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