
Madinet Masr, Waheej Sign Mou To Drive Strategic Expansion In Saudi Arabia
The MoU was signed at Waheej's headquarters in Riyadh by Abdallah Sallam, President and CEO of Madinet Masr, and Rashid Saud Al-Jadoua, CEO of Waheej for Real Estate.
Under the agreement, the two companies will explore the joint development of residential, commercial, and administrative projects across the Kingdom of Saudi Arabia. The partnership aims to leverage shared technical and financial expertise, aligning with the goals of Saudi Vision 2030 to boost homeownership and enhance quality of life for citizens and residents alike.
“This partnership marks a significant milestone in our regional growth strategy, particularly in Saudi Arabia, which is experiencing unprecedented urban and economic transformation,” said Abdallah Sallam, President and CEO of Madinet Masr.
Rashid Saud Al-Jadoua, CEO of Waheej for Real Estate, commented:“Through this collaboration, we aim to exchange knowledge and deliver high-impact projects that contribute to the Kingdom's housing sector and broader development goals.”
The MoU also includes plans for the potential formation of a joint real estate development company in Saudi Arabia. Each future project will be governed by separate agreements detailing the scope and responsibilities of both parties.
This partnership reflects a shared commitment to establishing a long-term, strategic relationship built on mutual understanding and full regulatory compliance.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- B2BROKER Partners With Website Studio Agency To Offer Website Solutions For Financial Brokers
- The Sandbox Launches Largest LAND Sale To Date On GBM Auctions
- Limitless Raise $4M Strategic Funding, Launch Points Ahead Of TGE
- Haio Sells Out 4 Idos Ahead Of Kucoin Listing On July 16
- Swarm Network Selects Walrus To Power Verifiable AI On Rollup.News
- SAP Fioneer Launches AI Agent To Transform Financial Services Operations
Comments
No comment