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Public Pension Agency and General Organization for Social Insurance purchase Jawharit Al-Sharq project
On Monday, the Real estate Share-holding Committee of the Ministry of Commerce and Industry announced the sale of the Jawharit Al-Sharq joint stock land through the direct auction among the investing governmental institutions and three of the investment companies which put forward to purchase 3, 2 million cubic meters, the total area of the Jawharit Al-Sharq project; by a total value reached RS 768 million, by RS 240 per cubic meter; for the Public Pension Agency (PPA) and equally with the General Organization of Social Insurance (GOSI), by 27% up of the price of the previous bidding.
 
The Committee, chaired by the Minister of Commerce and Industry Tawfeeq Bin Fouzan Al-Rabea, the Chairman of the Awarding Committee, approved the sale at the highest price the bid got up to among bidders, which witnessed fierce competition. It started at RS 200 per cubic meter until it reached RS 240 per cubic meter, for the Public Pension Agency and the General Organization of Social Insurance, by 50% for each.
 
It is worth noting that the Real estate Share-holding Committee has previously declined the price offered for purchasing joint stock land which is located in Al-Aziziyah neighborhood of Al-Khobar. This was during the auction which was held in the middle of the past Ramadan for sale by the stamped envelope; due to the inappropriateness of the price which did not go beyond RS 188 per cubic meter.
 
An archival photo shows the Jawharit Al-Sharq joint stock three-dimensional
 
 
طباعة الصفحة اضف الصفحة للمفضلة لديك