The permanent committee for the investment fund for government markets at the Ministry of Economy and Commerce has signed two agreements with Ezdan Holding and Waseef to run various facilities at Al Furjan Markets.

The agreements were signed by committee chairman Yahya bin Saeed al-Nuaimi, Waseef chief executive officer Abdulla Jubara al-Rumaihi and Ezdan director general Ali
al-Obaidli.

Al-Nuaimi pointed out that these agreements aimed at making both Ezdan and Waseef as representatives of the committee in signing contracts with tenants, collecting monthly rents, and providing direct communication with those who run shops at Al-Furjan Markets.

Besides, they will be authorised to grant approval for any proposed architectural modifications or alterations in the shops.

He said that “ready shops” would be handed over to tenants next week.

Al-Obaidli said that Al Furjan Markets were a subsidised government project aiming to attain social targets, besides commercial ones.

“Ezdan Holding knows well that it has a duty to perform in terms of corporate social responsibility towards the country and its institutions and serve others also,” he added.

He pointed out that Ezdan’s role in this agreement was to make contracts with shop owners, renew contracts, and provide security services to the markets, besides e-rent collection and maintenance works that should be done by the owner, in addition to undertaking all other related
administrative tasks.

He stressed that the company would fully prepare and equip the markets and make them ready for
operation.

“Al Furjan Markets are a good idea as it would reduce the impact of rising rental rates and provide services much needed for the inhabitants of the neighbourhood,” said
al-Obaidli.

Al-Rumaihi affirmed that Waseef was ready to make the project a success and would provide it with all the necessary support.

He hoped that Al Furjan Markets would cover all the areas of the country.

 

 

 

 

 

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