Madak Real Estate has announced the launch of two new residential projects in Riyadh and Al-Khobar, as part of its partnership with Arbah Financial Investments, with total investments reaching 151 million riyals. This initiative is an extension of the company’s role in developing residential projects that align with the objectives of the Kingdom’s Vision 2030 to promote housing and enhance urban sustainability.

«Jala» in Riyadh: A Contemporary Residential Experience

The «Jala» project in Riyadh marks the first step in this announcement; offering a contemporary residential product designed according to standards that prioritize space efficiency and meet the needs of Saudi families, reflecting the company’s commitment to providing diverse residential products suited to modern living styles in the capital.

«Joud Al-Samo» in Al-Khobar: A Sophisticated Residential Environment

In the Eastern Province, the «Joud Al-Samo» project in Al-Khobar offers a residential environment with a modern architectural design that combines quality, privacy, and harmony with the surrounding environment, thereby strengthening MADEC’s presence in the region’s residential development market, and supports its commitment to building projects that elevate the quality of life.

CEO: Projects Reflect a Phase of Expansion and Development

Mr. Sami Ali Al-Asiri, CEO of MADEC Real Estate, confirmed that the launch of the two new projects is part of the company’s current expansion phase, noting that this step represents a continuation of the development approach MADEC has adopted since its founding.

He added that the company is committed to delivering projects «characterized by excellence and high quality,» and that the coming phase will see the announcement of more high-quality projects in a number of regions across the Kingdom.

Al-Asiri added: «We are proud of this strategic partnership with Arbah Financial, which reflects investors» confidence in Madak Real Estate’s capabilities and its extensive experience in developing high-quality projects. These investments are just the beginning, as we have more ambitious projects that will be announced in due course over the coming period."

A Journey Since 2007

It is worth noting that MADEC Real Estate was founded in 2007, and has since developed and completed more than 15 projects comprising over 800 residential units, thereby continuing to establish itself as one of the leading developers in the Saudi real estate market.