At a value of 650 thousand riyals, Hamad and Ahmed Mohammed Al Muzaini Real Estate Company, specialized in housing development, will launch the sale of villas in the “East Gate” residential project starting next Wednesday, the eighth of Shawwal, and the offer includes those who have been approved by the Real Estate Development Fund in Riyadh, and the beneficiaries of housing support in easy payments.

The East Gate residential project is the first and largest partnership project between the Ministry of Housing and the private sector.

The Orient Gate residential project, which has completed the conditions for off-plan sales (Wafi) from the Ministry of Housing, is the first and largest partnership project between the Ministry and the private sector, and represents a residential suburb with integrated services such as schools, mosques, health centers, recreational centers and parks, including a huge mosque on an area of 135 thousand square meters, public services, educational, health and recreational facilities, 168.5 thousand square meters have been allocated to establish 15 schools, and 43 thousand square meters to establish a hospital, health centers, ambulance center, public parks and other services.

The project is considered the first and largest partnership project between the Ministry and the private sector.

On this occasion, Hamad Mohammed Al-Muzaini, Chairman of Hamad and Ahmed Mohammed Al-Muzaini Real Estate Company, expressed their happiness to be the first company to offer a residential project suitable for subsidy recipients in Riyadh, and other citizens wishing to benefit from the purchase of the East Gate project, especially since the project is located in large population growth areas in eastern Riyadh, and next to a number of large projects of the Ministry of Interior, in addition to its connection to the extension of the northern ring road - Dammam Highway, and the new third ring road that adjoins the project upon completion of its implementation.

Muzaini emphasized the opportunity to buy in the project by saying: We believe that it is a very special opportunity for Saudi families who have applied to the Real Estate Development Fund and have been approved in the city of Riyadh, especially since the value of the villa fits the total value of the loan (500 thousand riyals), and the remaining (150 thousand riyals) is paid over three years without interest.

Muzaini stressed the opportunity to buy in the project by saying.