Abu Dhabi Financial Group, which manages more than $6 billion in assets, and one of Saudi Arabia's largest traded real estate companies Jabal Omar Development will explore opportunities for property development in the kingdom to expand their footprint in the growing market.
The companies signed an agreement to look at potential for collaboration and partnerships in real estate projects in Makkah and across Saudi Arabia, ADFG said on Sunday. The strategic partnership will allow the two companies to collaborate on co-development, strategic planning, design and construction, as well as operations, lease and sale strategies, capital raising and structuring.
"This partnership opportunity is in line with ADFG’s strategy to expand its footprint into the Saudi market," said Jassim Alseddiqi, chief executive of ADFG. "ADFG, through its various platforms, will work with Jabal Omar Development to develop the most suited strategies for the master development and to optimise capital structure."
Shuaa Saudi, which is majority owned by ADFG, manages a number of real estate funds and has several hospitality projects in Riyadh and Jeddah, with a third project to be handed over in Dammam. Through its real estate platform, ADFG will advise on development management, design, project management and asset management as well as support the developments through its various financing and structuring platforms, it said.
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Jabal Omar Development (JODC), which has a mixed-use real estate mega-development project in Makkah, is looking to develop other strategic areas of the city close to the Grand Mosque, including the reconstruction of poorly developed areas into projects that comprise hotels, residential and commercial facilities and shops, it said.
"The collaboration between the two parties will be a positive step towards the Kingdom’s desire to develop the Holy City of Makkah in line with the 2030 vision. JODC has an exciting pipeline of developments in the Makkah region and welcomes the opportunity to explore such projects with ADFG," said Yasser Al Sharif, chief executive of Jabal Omar Development.
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Important questions to consider
1. Where on the plane does my pet travel?
There are different types of travel available for pets:
- Manifest cargo
- Excess luggage in the hold
- Excess luggage in the cabin
Each option is safe. The feasibility of each option is based on the size and breed of your pet, the airline they are traveling on and country they are travelling to.
2. What is the difference between my pet traveling as manifest cargo or as excess luggage?
If traveling as manifest cargo, your pet is traveling in the front hold of the plane and can travel with or without you being on the same plane. The cost of your pets travel is based on volumetric weight, in other words, the size of their travel crate.
If traveling as excess luggage, your pet will be in the rear hold of the plane and must be traveling under the ticket of a human passenger. The cost of your pets travel is based on the actual (combined) weight of your pet in their crate.
3. What happens when my pet arrives in the country they are traveling to?
As soon as the flight arrives, your pet will be taken from the plane straight to the airport terminal.
If your pet is traveling as excess luggage, they will taken to the oversized luggage area in the arrival hall. Once you clear passport control, you will be able to collect them at the same time as your normal luggage. As you exit the airport via the ‘something to declare’ customs channel you will be asked to present your pets travel paperwork to the customs official and / or the vet on duty.
If your pet is traveling as manifest cargo, they will be taken to the Animal Reception Centre. There, their documentation will be reviewed by the staff of the ARC to ensure all is in order. At the same time, relevant customs formalities will be completed by staff based at the arriving airport.
4. How long does the travel paperwork and other travel preparations take?
This depends entirely on the location that your pet is traveling to. Your pet relocation compnay will provide you with an accurate timeline of how long the relevant preparations will take and at what point in the process the various steps must be taken.
In some cases they can get your pet ‘travel ready’ in a few days. In others it can be up to six months or more.
5. What vaccinations does my pet need to travel?
Regardless of where your pet is traveling, they will need certain vaccinations. The exact vaccinations they need are entirely dependent on the location they are traveling to. The one vaccination that is mandatory for every country your pet may travel to is a rabies vaccination.
Other vaccinations may also be necessary. These will be advised to you as relevant. In every situation, it is essential to keep your vaccinations current and to not miss a due date, even by one day. To do so could severely hinder your pets travel plans.
Source: Pawsome Pets UAE
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