JEDDAH, 9 June 2003 — Madinah Development Investment Co. (MDIC), a member of the Aqar Holding Company, has appointed Riyadh-based Consultation Center for Financing and Marketing (CCFI) its consultant for all of Aqar Holding Group’s projects in Madinah.
CCFI Chairman Dr. Abdul Aziz Al-Dhakhail and Nasr Al-Hotami, vice chairman of Aqar Holding Company, signed the contract in Jeddah.
MDIC Vice President of Marketing and Business Development Abdullah Al-Enzi said the CCFI would conduct studies relating to financing, marketing and planning of Aqar Holding’s projects.
“Aqar’s total investment in the Central Province is around SR3 billion,” he said. “Souk Bani Al-Najjar, located in the east of the Prophet’s Mosque in Madinah, will be offered as a real estate sharing (contribution) operation in the next few days, and it will be the biggest in the entire Kingdom,” he added.
