IHCC strategic partners honored at annual ceremony

The event was attended by Sultan Sobhi Batterjee, CEO of IHCC, and senior management officials of the company.
Updated 11 November 2019

IHCC strategic partners honored at annual ceremony

The management of International Hospitals Construction Co. Ltd. (IHCC) honored its strategic partners including local and international companies during an annual ceremony held recently at Park Hyatt Jeddah. The event was attended by Sultan Sobhi Batterjee, chief executive of IHCC; Iftikhar Hussain, general manager of IHCC; and other senior management officials of the company.
Addressing the ceremony, Batterjee expressed his thanks and appreciation to IHCC’s strategic partners who he said played a great role in its success as a turnkey solutions provider.
The chief executive highlighted IHCC’s future plans, including the new projects that seek to diversify sources of income and at the same time provide additional services to the customers.
Batterjee highlighted the IHCC’s role and the social responsibility programs that it initiated to contribute to the development of the community. He emphasized that IHCC is working to meet the goals and aspirations of Vision 2030 in the field of design and construction.
CEO Batterjee presented commemorative shields to the executives of the companies attending the ceremony.
IHCC is a Saudi-based turnkey solutions provider that specializes in health care, education and mixed-use projects. It has more than 25 years of experience as a design-build company in the MENA region with extensive knowledge and experience in delivering turnkey solution projects. The company manages projects from inception to completion, including comprehensive feasibility studies, conceptualization, architectural and engineering design to civil and electro-mechanical construction, financing including complete procurement, equipping, furnishing and installation and operational management services.


UAE’s Al-Hamra announces
relief package for partners

Updated 02 April 2020

UAE’s Al-Hamra announces
relief package for partners

Al-Hamra, a real estate developer, services provider and investment company in the northern emirates, has created an economic relief package, which includes several initiatives to help ease the financial burden of its mall tenants, freehold owners, residents and customers, impacted by the COVID-19 outbreak.

The announcement is in line with the UAE government and Ras Al-Khaimah’s objectives to support the economic environment and boost financial stability. The initiatives include up to three months of rental relief, reduction in cooling consumption charges, deferral of fees, waiver of payment delay penalties and payment due date extensions.

Dedicated teams have been deployed to assess specific requirements of various businesses and individuals to provide economic relief and support. The tasked force is also reassessing cost-effectiveness of operations in order to pass on the benefit to the end users and customers.

HIGHLIGHT

The initiatives include up to three months of rental relief, reduction in cooling consumption charges, deferral of fees, waiver of payment delay penalties and payment due date extensions.

Benoy Kurien, group CEO of Al-Hamra, said: “We have been proud partners in shaping the real estate landscape of Ras Al-Khaimah and this pride comes with a responsibility to the emirate as well as to our partners and consumers who have contributed to our success. This pandemic is reshaping the way we think about community and has made one thing strikingly clear: Our interdependence. We are working closely with our stakeholders to ensure that we recover from this period together, stronger and more resilient.

“We understand the predicament faced by all and the impact of the coronavirus outbreak on our economy. During these unprecedented times, we are more committed than ever to stand firmly by our valued partners and customers. Our initiatives aim to support business continuity by offsetting some of the impact, and to promote the welfare of the community. Our dedicated teams will reach out to our partners in the following days to understand and discuss their requirements and implement effective measures. We will continue to support the government, our customers and partners in all ways possible to overcome this challenging situation together.”

Al-Hamra has diversified interests in retail, residential and hospitality in Ras Al-Khaimah and owns iconic assets such as the award-winning master planned community of Al-Hamra Village, Waldorf Astoria Ras Al-Khaimah, Ritz Carlton Al-Hamra Beach, Manar and Al-Hamra Malls. The group is focused on providing premier lifestyle real estate developments, while investing in hospitality and leisure segments.