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Auction of Ardh Al-Bondoqiyah kicks off today
Hamid Omar Al Attas Published in The Saudi Gazette on 01 - 05 - 2008

The auction of the 20 million square meters land at Ardh Al-Bondoqiyah (Venice Land) worth SR1.5 billion is to be held on Thursday at Jeddah Hilton. Ardh Al-Bondoqiyah has a total land area of 36.6 million square meters.
Auctions of the same land are also to be held on Thursday in Riyadh's Sheraton Hotel, Dubai's Jomaira Beach and Kuwait city's Holiday Inn Hotel in the presence of major real estate investors and businessmen from the Kingdom and abroad.
A number of businessmen and real estate investors in the Gulf and the Kingdom formed alliances in order to win the auction which is considered as the biggest and the first-of-its-kind in the Kingdom. __

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