Madk Real Estate Company announced the launch of two new residential projects in Riyadh and Al-Khobar, in partnership with Arbah Investment Company, with a total investment of SAR 151 million. This initiative aligns with the company's role in developing residential projects that support the goals of Saudi Vision 2030 in empowering housing and promoting urban sustainability.
" Gala" in Riyadh: A contemporary residential experience
The "Gala" project in Riyadh marks the first launch within this announcement; it provides a contemporary residential product designed according to standards that focus on space efficiency and meeting the needs of Saudi families, reflecting the company’s direction towards providing residential products that are diverse and suitable for modern residential styles in the capital.
" Joud Al-Sumou" in Al-Khobar: A high-end residential environment
In the Eastern Province, the “Jood Al-Sumou” project in Al-Khobar offers a residential environment with a modern architectural design that combines quality, privacy, and harmony with the surrounding environment, thus enhancing Madic’s presence in the residential development market in the region and supporting its direction towards building projects that raise the level of quality of life.
CEO: The projects reflect a phase of expansion and development
Professor Sami Ali Al-Asiri, CEO of Madac Real Estate Company, confirmed that the launch of the two new projects comes within a phase of expansion that the company is witnessing, noting that this step represents a continuation of the development approach that Madac has adopted since its establishment.
He added that the company is keen to deliver projects that are "distinguished and of high quality," and that the next phase will witness the announcement of more quality projects in a number of regions of the Kingdom.
Al-Asiri added: “We are proud of this strategic partnership with Arbah Financial Company, which reflects investors’ confidence in Madk Real Estate’s capabilities and extensive experience in developing high-quality projects . These investments are just the beginning, as we have more ambitious projects that will be announced successively in the coming period.”
A journey that has lasted since 2007
It is worth mentioning that Madk Real Estate Company was established in 2007, and since then it has been able to develop and implement more than 15 projects comprising more than 800 residential units, thus continuing its presence as one of the most prominent developers in the Saudi real estate market.
