The objectives of the company, according to its approved articles of
association, could be outlined as follows:
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To carry out management, research, consulting and survey, studies, design,
planning and execution of residential buildings and urban development.
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To execute and manufacture different types of pre-fabricated concrete and
constructional segments as well as to supply and produce construction and
installation materials and equipment.
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To supply and provide necessary tools, equipment and machinery from local
sources and foreign suppliers, directly or through partnership with individuals
or legal entities.
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To carry out all types of business and trading affairs, authorized
transactions, to export and import permissible goods and services.
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To export techincal and engineering services, to execute contracts in different
sections including building erection, road construction, urban installations,
heavy steel and concrets structures, dams, jigs and ports, tunnels, power
plants facilities and installations, high voltage substations and any other
mechanical erections and installations, heavy or light piping and pipe
laying.
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To make direct investment and participation in absorbing capitals; to sell,
purchase and circulate security bonds for participation in the construction,
housing and urban development section, to receive financial and credit
facilities from banks and related institutes to realize the objectives
and goals of the company.
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To supply land, to purchase and sell properties and real estates, to
execute advance sales and time-share ownership programs, to transfer
residential units via cash, instalments, lease on ownership conditions and
other legal agreements.
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To establish independent or joint companies, to participate in other companies
via establishing or subscribing the shares of new companies, to grant or
receive representations inside and outside the country.