Press Releases

Jenan Real Estate Company appoints GRMC as consultants

October 04, 2016

The Eastern Province's newest player into the real estate development sector, Jenan Real Estate Company, has announced the appointment of GRMC to conduct a market and best-use study for a large scale mixed use project in Al-Khobar. The announcement was made just a few weeks after the company launched itself into the KSA market at an event hosted in the Le Meridian Hotel in the presence of media representatives. The appointment was formalized at a signing ceremony held at the Jenan Real Estate Company's offices in Al-Khobar. At the signing ceremony, Dr. Bassam Boodai, CEO & MD of Jenan expressed his pleasure of the appointment by saying "At Jenan we believe in working with partners who are professional and committed towards making our vision a reality. We found those key points in GRMC, their understanding of the local and regional market semantics, skill, experience and innovative solutions, were the deciding factors for us to partner with them. Our unwavering commitment towards building large scale iconic developments leads us to appoint GRMC who will advise us after they complete the study to ensure the best steps are taken in the making of the future development project." Mr. Harvey Monk, Executive Manager from GRMC was present at the signing and expressed his excitement at the appointment by saying, "Our team at GRMC is very glad at being appointed as the advisor for Jenan as the company is backed by a very strong and experienced management who understand the need and requirement of conducting professional research and studies before a project is embarked upon. We have seen the understanding that Jenan shares of conducting this study not just for their benefit but more so for the benefit of the future residents of their development. We look forward to a very successful business relationship with Jenan and wish the company a good future."