<a href="https://www.mesaken.com/ar" data-type="URL" data-id="https://www.mesaken. Masaken Real Estate Development Company was launched during this year 2022 to start implementing its projects and programs for modern real estate development and to keep pace with the Kingdom's Vision 2030, as stated by its Chairman, Mr. Bandar bin Abdullah Al Awaimer during his speech to the media, who stressed the importance of real estate development and considered it one of the most important investments in the region.
Masaken
He pointed out that the development witnessed by the capital Riyadh and the rest of the Kingdom's regions has made it an attractive environment for investments and specialized and international companies, which made us think consciously and firmly in launching the real estate development housing to start developing and implementing various projects between residential, commercial and developmental projects in both the capital Riyadh and Medina.
The vision of Masaken Development Real Estate is based on strengthening its leadership in the Saudi market by developing and providing innovative and effective solutions by providing economic solutions and durable and diverse products that are consistent with all purposes of building and construction, whether in industrial, commercial or residential projects in modern ways and modern international planning.
Awaimer added that they will start in the coming period with the first project of Masaken Development Company in Medina, which consists of ownership apartments according to the latest modern and international specifications.
Masaken Development Real Estate.
Awaimer pointed out that they are also preparing to implement projects during the coming period and early next year 2023 in the capital Riyadh and Medina worth more than 400 million riyals. He added that real estate helps achieve the objectives of Vision 2030, which contributes to achieving the aspirations of the wise leadership in diversifying sources of income and maximizing the contribution of the real estate sector to GDP.
Awaimer said.
He praised the integration between the Ministry of Municipal Affairs and Housing, a number of government agencies and the General Authority for Real Estate to develop the sector, organize it and improve its performance.
For his part, Mr. Saeed Mubarak Al-Shehri, Board Member and CEO of Masaken Development Company, said that the company was established to launch a new idea and create exclusive real estate to provide a decent life for families and we were keen to combine quality, innovation and development in our real estate products that we are keen to direct them thoughtfully and perfectly to serve the residential and commercial real estate sector according to the latest products and modern real estate aspirations.
Al-Shehri pointed out that the current trend in real estate investment is the ownership of residential apartments according to non-traditional international specifications and pointed out that it is the current trend of investment in various regions of Saudi Arabia, which is the first choice for investment.
