"Al Mal & Aqar Joint Projects Company" was established in the 3rd quarter of 2005, in cooperation with Aqar Real Estate Investment Company (Aqar). The new company merged Injazzat's two plots with Aqar's plot in Sharq convering an area of 3000 sqm. The intention is to develop an office tower with floor area of nearly 35,000 sqm. Injazzat holds 66.6% of equity in the new company while Aqar holds 33.3%. Work is currently in progress, developing the final designs and obtaining the required licenses. The project is hoped to make a significant addition to the area, which witnesses continued development, enhancing its stature as an area of commercial focus.