By NNN-KUNA
Amman : The UAE Eqarat.Com and the Kuwaiti Arab Real Estate Company (AREC) have launched a joint real estate company in Jordan, “Eqarat.Com-Jordan”, the two companies said.
Eqarat.Com-Jordan will offer innovative ideas for real estate investment regarding the application of the latest relevant technology to enable clients to sell via the internet at the regional level, general manager Moufid Amin Abdal, who is also a board member of the new company, told KUNA Monday.
He said that the new partnership would open the door for AREC into the Jordanian real estate investment market, noting that the company intended to build a hotel there. “This new partnership would give AREC, listed at the Kuwait Stock Exchange (KSE), a new dimension in the real estate market,” Abdal told a joint press conference with Eqarat.Com’s Ali Al Rahmah.
Al Rahmah told the conference that his company had a “fixed commitment for the creation of a distinguished and effective partners’ network in the region to provide a higher value and better services to clients.”
He said that the company also had the biggest network of real estate advisors, totalling 1,200, offering real estate sales and investment services.
Eqarat.Com, established in the UAE 16 years ago, now has branches in Kuwait, Oman and Jordan and is planning to launch two new branches in Saudi Arabia and Morocco by the end of the year.