A strategic partnership between Reportage Properties and Mobica Furniture
تاريخ النشر: 25th, May 2024 GMT
Reportage Properties، the leading UAE real estate developer، announced signing of an agreement with، the leading company in manufacturing furniture.
The partnership created a new company، “IPS Reportage Construction and Development،” which will provide state-of-the-art services in construction and real estate development.
The agreement was signed by Andrea Nucera، Managing Director of Reportage Properties، and Mohamed Farouk، Chairman and CEO of Mobica.Reportage Properties
The agreement aims to enhance cooperation to provide innovative solutions that improve the experience of Reportage customers and contribute to creating ideal work environments.
Reportage Properties confirmed their interest in strengthening strategic partnerships with famous and distinguished companies working in the field، to continue achieving more success and sustainable growth.They bank on that partnership with Mobica to be a step towards achieving more goals and innovations.
The Reportage Properties portfolio includes 35 projects in the Emirates، Egypt، Turkey، Morocco and Saudi Arabia.
Forbes Middle East recently ranked Reportage Properties on the list of “Leaders of the Most Influential Real Estate Companies in the Middle East” for the year 2024، which highlights 100 real estate developers in the region who rely on innovation and hard work to build the future، where Andrea Nucera، the managing Director is ranked 57th on the list.
Reportage Properties recently began the plan of completion and hand-off in a number of projects، including the Oasis 2 in Masdar City، which includes about 304 residential units. Last year they started delivering the “Oasis Residence 1” project in Masdar City، in addition to “Al Raha Lofts” in the Al Raha Beach area in Abu Dhabi.
The company also completed the first phase of the “Rukan Lofts” project، which is being developing in the “Dubailand” area in cooperation with the “Continental Investment Company.”
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Malhas: SSIF Eyes High-Return National Projects, Expands Real Estate Portfolio
صراحة نيوز-
AMMAN — Chairman of the Social Security Investment Board (SSIF) Omar Malhas said the Fund is closely monitoring investment opportunities in major national projects, particularly the National Water Carrier Project, the Risha gas pipeline and strategic energy and infrastructure ventures.
Speaking on the Fund’s future investment direction, Malhas said any national project expected to generate returns exceeding 10 per cent falls within the Fund’s investment interest, in line with its long-term investment strategy.
He noted that land and real estate investments remain a key component of the Fund’s asset allocation, describing them as among the safest and most stable investments, offering solid long-term returns. He added that with the average age of Social Security contributors ranging between 30 and 35 years, long-term investments are both logical and financially sound.
Malhas said the Fund’s participation in large-scale infrastructure projects aims at improving returns without increasing the overall risk profile, adding that strategic projects such as the National Water Carrier and gas transmission pipelines offer promising opportunities for portfolio diversification.
He also revealed that the Fund recently acquired several plots of land, including properties located in the Amra area, at preferential prices around 30 per cent below the administrative valuation. He expressed appreciation for the Government’s cooperation in facilitating such opportunities, describing it as a key enabler for enhancing long-term investment returns.
According to Malhas, the development of new areas requires integrated infrastructure, transportation networks and railway systems, all of which represent additional investment opportunities for the Fund. He said the Fund is studying the possibility of entering such projects through different models, including Build-Operate-Transfer (BOT) arrangements.
Malhas said current investments in real estate and land account for about 5 per cent of the Fund’s total assets, noting that the investment policy allows this share to increase to 10 per cent. Any expansion, he added, will target projects with the highest possible returns over periods exceeding ten years.
On government bonds, Malhas said the Fund holds nearly JD10 billion in Treasury bonds, describing them as among the safest investment instruments, given the Government’s consistent record of meeting its domestic obligations on time.
He added that the Fund has also invested in equity and financing instruments in several major national companies, including the Jordan Phosphate Mines Company, in which SSIF holds a 16 per cent stake.
Malhas stressed that investment decisions at the Fund are taken on an institutional and independent basis, guided by in-depth feasibility studies and governed by the Social Security Law and the Investment Fund’s regulations.
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