Over SR15 billion in investments will be ploughed into the Berjal City in Ajman, the new real estate venture partnered by two companies in Saudi Arabia and the UAE. The mixed-use real estate project in Ajman, launched on Saturday by Saudi company Berjal Real Estate and Ajman's Al-Rashid Real Estate, will consist of 91 residential, commercial and administrative towers, as well as a shopping haven on the lines of the well-known Mall of the Emirates in Dubai. Abdullah Ali Al-Nasser, executive manager, said: “In terms of size, the project may be smaller compared to the similar developments in Dubai, but in Ajman, it will be a unique, fantastic site.” The two real estate companies offer plots to investors and realty developers on a freehold basis, anticipating the investment in excess of SR15 billion. Saudi-based real estate company is expected to pave the project site and set up the necessary infrastructure, while Al-Rashid is looking at the marketing aspect of the project in Ajman. Berjal City, a project of Saudi-Emirates collaboration invests more than SR15 billion The two companies announced the project of selling of lands for investors and real estate developers. Berjal Real Estate, one of the most important real estate companies in Saudi Arabia, is developing and paving the infrastructure of the project and is providing all the necessary services needed. __
