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N2V Invests In AqarMap.com
Published Mar 22, 2011
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National Net Ventures (N2V) announced a joint investment with several Arab executives in AqarMap.com, the leading real estate portal that is based on interactive Satellite Maps.
N2V’s investment in AqarMap.com coincided with the investment of Jamal Al-muttareb, CEO of almuttareb group and Fadi Ghandour, MENA Venture Investments CEO.
In his comment, Rashid Al Balaa, the Chief Executive Officer (CEO) of N2V, expressed his delight regarding the new investment bringing together N2V and a number of notable executives, saying, “This partnership is highly important since it brings together renowned investment parties and is expected to improve the tools and methods of selling and buying real estate.”
He added, “This investment serves our current and future trends, chiefly represented in expanding our business regionally and globally in order to meet the accelerating needs of the real estate market in the Arab world, being one of the most significant and dynamic sectors.”
Al Balaa elaborated that they believe the new services and the interactive features offered by AqarMap.com will facilitate the use of the website.
Ahmad Takatkah, Investment Director of N2V, pointed out that the group follows strategic methodology in directing its investments, saying, “The group emphasizes on entrepreneurial ideas and added-value service projects, startup and established, that require support in order to grow and establish a presence in the business world.”
Takatkah added, “The motivation behind our partnership with AqarMap.com was not only the brilliant idea of its General Manager Amad AlMasoudi, but also the dynamic entrepreneurial spirit he enjoys. It is due to his passion that he started the project with no funding at all to prove that his idea is worth investing in. His passion gave him the courage to quit a great career path at a multinational corporation and start with what he believes is the next big thing in the Middle East market.”
From his part, Amad Almsaodi , Founder and General Manager of AqarMap.com, said, “I would like to thank N2V for believing in our vision. We have studied this market carefully, and we are absolutely ready to execute our ideas.”
Al Almsaodi added, “N2V’s investment in our website will upgrade the level of services AqarMap offers to its growing number of users. There are many services that we have been considering and looking into. Now, with N2V, we will be able to embark on making them a reality. The importance of this investment is not only financial, but more about the quality and variety of services N2V provides to its partners, resulting in a valuable partnership.”
Posted by
VMD - [Virtual Marketing Department]
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