Category Archives: Real Estate

Dr. Naseer Homoud Led ‘The Wall’ Attains Placement in Top 100 Companies of the World

LONDON and DOHA, Qatar, January 14, 2013/PRNewswire –

Qatar based “The Wall Investment and Real Estate Development”, under the stewardship of Dr. Naseer Homoud, has been recognized as one of the giants of real estate sector by World Finance, a prestigious business magazine from London(U.K.) by placing it among World Finance 100 list.

(Photo: http://photos.prnewswire.com/prnh/20120610/537671 )

World Finance is a publication of World News Media of London, United Kingdom. It published many business magazines and online publications covering finance, economics major companies.

Being part of the List, “The Wall” has found a place among top 100 companies of the world operating in diverse sectors ranging from internet, telecom, finance, manufacturing, technology, banking, aviation, etc. Being in the list, The Wall shares the distinction with Google, Vodafone, BMW, Volkswagen, Intel, Infosys, Ford, Nokia, Samsung, and many more. Among the real estate sector, except His Excellency Sheikh Hamad Bin Abdullah Al Thani, The Wall is the only Qatari company that has found mention in the list. His Excellency Sheikh Hamad Bin Abdullah Al Thani has been lauded for his guidance as the CEO of QIPCO Holding to fostering growth in Qatar.

The Wall offers most diversified products comprising residential, commercial/IT parks, retail, hotels, amusement parks and Special Economic Zones. Having started the journey in a modest way, The Wall is now establishing new standards in the industry. While development of residential projects and integrated townships including low housing projects in several countries of Middle East are primary focus areas, the Wall is also working on various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution.

“THE WALL” conceptualized the object of the company. It meant protection and durability for the valued customers but did not hinder communication.

The idea was to build such bridges of communication and trust that always remain above every wall, real or figurative. From its very inception, the company solidly assumed commitment to provide security and services to its customers in homes and villas that was as strong as the wall. In return, the trust that its customers reposed in The Wall become unsurpassed.

The Wall, established by Dr. Homoud in 2002 in Qatar, has seen a meteoric rise. This rise has been a result of the management style, adopted by the team led by its founder and CEO Dr. Naseer Homoud that takes into consideration the shifts in the real estate sector of the country as well as regional and international arena.

The business style of its CEO Dr. Naseer Homoud has been recognized by several leading international media houses. In 13 years of its operation Dr. Homoud has taken The Wall to new zenith of successes. Dr. Homoud, a Jordanian, was recently placed at 84th position in Construction Week’s annual Power 100 listing by Arabian Business, a regional business journal. He was placed among the giants of the construction and real estate industry of Middle East region including Bakr Bin Ladin, chairman of the Saudi Bin Ladin Group (SBG), Said T. Khoury, chairman and president of Consolidated Contractors Company (CCC), and the Arabtec chairman Riad Kamal. He was also ranked on 53rd position in 2012 Arabian Business Power 500 – The World’s Most Influential Arabs List. In 2012, he was also awarded with CEO (Middle East) Award by ITP Group in recognition of his business caliber.

The Wall believes in going beyond the business and fulfilling its duties as a responsible corporate citizen. To that end, it has always worked towards improving the quality of life of the communities it serves.

The Wall is one of the few companies in the construction industry that provide structured industrial training to the students from different engineering and management institutes.

Contact: Farrukh Khan (Mobile +91-8010656060 & +91-9971786060)

Source: The Wall for Investments & Real Estate Development WLL

Gauteng closes net on Lenasia land sale syndicates

Johannesburg: The chairperson of the Portfolio Committee on Local Government and Housing in Gauteng, Errol Magerman, says law enforcement agencies must leave no stone unturned in efforts to secure more arrests of individuals involved in the syndicates behind the illegal sale of land in Lenasia.

Speaking during a media briefing on Wednesday, Magerman said it was unfortunate unsuspecting residents were duped by unscrupulous agents, and were now suffering as a result.

“The syndicates operating in the area through this illegal sale of land are the ones who are benefitting, while our people who have been conned are suffering. Now we are calling upon the law enforcement agencies to investigate and arrest all members of these syndicates — the law must take its course,” he said.

Last week Thursday, the Gauteng Department of Local Government and Housing started the process of demolishing houses that had been illegally built on the invaded land in the Lenasia South area. So far, the department has demolished a total of 51 houses.

Magerman and other members of the portfolio committee visited the families of all those affected by the demolition in Lenasia Extension 13, south of Johannesburg, to assess the situation on Wednesday.

“As the portfolio committee, we decided to do an unannounced oversight visit and to listen to the views of the residents. We are a proactive legislature, we need to get a way forward on this,” he said.

He said the provincial Department of Local Government and Housing would present a report on the matter to the committee on Friday.

The multi-party committee is expected to make recommendations to the provincial Department of Local Government and Housing on how the matter can be better resolved.

In February 2007, several developers were implicated in the illegal sale of land. The implicated included Richard Zikhali and his wife Hlengiwe Ximba, as well as Michael Madogola.

Ximba has since entered into a plea bargain with the State and was sentenced to six years imprisonment, with a three-year suspended sentence. Zikhali and Madogola will be going on trial during the first week of December.

Hilda Sikhute is out on bail and is attending trial; while Muziwamandla Poto, also known as Radebe by locals, and Elizabeth Masinya are out on bail.

“I think our people must ensure that they get in touch with the department or any other government institution to get advice on how to obtain land or houses because there are too many wolves in sheep’s skin; our people must be very careful about this illegal land sale scam,” said Magerman.

The department said all 113 structures earmarked for demolition were currently not occupied by any household or family.

Last week Friday, the illegal occupants approached the South Gauteng High Court for an urgent court interdict to stop the department from continuing with the demolition process.

On Tuesday, the court extended an order halting the demolition of houses in Lenasia Extension 13. The case was postponed for the South African Human Rights Commission (SAHRC) to file answering affidavits by noon today. –