Latest news with #LamarHolding
Trade Arabia
6 hours ago
- Business
- Trade Arabia
Lamar, Asyad break ground on major Aramco housing project
Lamar Holding, a leading developer of large-scale PPP projects in the region, has joined hands with its consortium partner Asyad Group for the ground-breaking of Saudi oil giant Aramco's prime residential project - Abu Ali Housing - in the kingdom's Eastern Prrovince. A leading Saudi family conglomerate, Asyad Group has major interests in key sectors including real estate, capital, aviation and investments. Located north of Jubail industrial city, the Abu Ali Housing project features serviced residential compounds that will cater to the needs of 500 employees working at Abu Ali Island. This project marks the third iteration of its significant partnership with Saudi Aramco, the visionary institution focused on the wellbeing of its people, said Lamar in its LinkedIn post. It is being implemented in co-ordination with Asyad Holding Group and its key collaborator Sinohydro and chief lender Riyad Bank. The project is set to be operational in 2027 and has a concession tenor of 20 years, it added. "At Lamar, we've always believed that infrastructure is more than buildings and utilities. It is about people. It's about delivering places that foster dignity, wellbeing, and pride for those who serve in demanding conditions," said a company spokesman. "Building on our successful delivery of the East-West bachelor compound ahead of schedule and within budget, this project continues our consortium's commitment to providing high-quality and accessible housing for Aramco's brave remote staff. We aim to raise the bar and exceed the high standard developed previously," he noted.
Biz Bahrain
19-05-2025
- Business
- Biz Bahrain
RHF and Lamar Holding sign agreement to support productive families, healthcare programmes
The Royal Humanitarian Foundation (RHF) signed a cooperation agreement with Lamar Holding Company to support specialised programmes for productive families and to provide healthcare for the Foundation's beneficiaries, including orphans and widows. The agreement was signed by Shaikh Ali bin Khalifa Al Khalifa, Secretary-General of the RHF, and Dr. Lina Mustafa Nour Al-Din, Chairwoman of Lamar Holding. The agreement includes financial support for the medical treatment of Bahraini orphans and widows supported by the RHF, as well as aid for productive families linked to the RHF. It also provides tools, equipment, and training courses to help them improve their skills. Shaikh Ali bin Khalifa commended the role played by Lamar Holding in supporting widows and orphans through its contributions to various RHF projects. He emphasised the RHF's pride in this cooperation, noting that Lamar Holding exemplifies effective support for sustainable humanitarian work and highlighting the private sector's role in promoting social development. Dr. Nour Al-Din highlighted Lamar Holding's commitment to supporting initiatives that have a real impact on the lives of RHF beneficiaries and help productive families, promoting solidarity and sustainability in Bahraini society. Lamar Holding is a leading supporter of developmental charity work, with 13 years of experience. The company has contributed to several important initiatives, such as supporting the closing ceremony of the Sovereign Foundation Award by purchasing artwork from RHF students, adding cultural and humanitarian value to the partnership. It has also supported the 'Iftar for Fasting' campaign and the 'Netaj Khair Bahrain' project. BNA(R)
