Miskan” signs MOU with Wadi Degla Developments”
on the sidelines of Cityscape Global 2024
Miskan signs MOU with Wadi Degla Developments to introduce new concept in residential community development in Saudi Arabia
Riyadh, Saudi Arabia – Miskan Real Estate Company has signed a strategic MOU with Wadi Degla
,Developments during the region’s leading real estate event, Cityscape Global 2024
.to increase investments in the Kingdom of Saudi Arabia
This agreement aims to enhance ambitious investment plans in local Saudi markets
.by offering innovative housing solutions that meet the expectations of the Kingdom’s residents
It also reflects Wadi Degla’s commitment to expansion
and growth in line with its global strategic plan to boost investment and strengthen its presence in regional markets.
The agreement aims to replicate Wadi Degla’s leading experience in developing residential communities
,represented in the “gated communities” concept such as the renowned “CLUB TOWN” model
.which integrates residential units with sports clubs and recreational facilities
This model leverages the resources of Wadi Degla Holding’s sports clubs without affecting the project area,
.enhancing efficiency and improving the quality of services provided to all community residents
Wadi Degla Developments Company provides innovative residential units
This initiative underscores Wadi Degla Developments’ dedication to delivering innovative residential
.solutions that align with societal expectations and contribute to improving quality of life
,By creating safe and comfortable environments for families
,the company provides residential units with private entrances connected to the sports club
.enhancing the recreational and residential experience
This model also increases parents’ sense of security for their children while offering comprehensive
.support for all family members
,Talal Hisham Al-Mutlaq, CEO of Miskan Real Estate Company
:the real estate development arm of Alfanar Group, commented
,We at Miskan are proud and excited to partner with Wadi Degla Developments”
one of the leading companies in developing facilities for residential complexes thanks
.to its innovation and expertise in meeting customer needs
,This collaboration aligns with Saudi Arabia’s ambitious investment plans
.which aim to drive economic growth and develop infrastructure to meet rising demand
.”The partnership also plays into and aligns with Saudi Arabia’s vision 2030
The ‘CLUB TOWN’ project represents a strategic step toward achieving these objectives by providing”
,an integrated residential environment that combines luxury and safety
.thereby enhancing the quality of life for residents
We are excited to partner with Wadi Degla Developments to achieve our shared goals and deliver a
.unique residential experience to the Saudi community”, added Al-Mutlaq
,Dr. Raymond Ahdy, CEO of Wadi Degla Developments, highlighted the significance of this partnership
.describing it as the culmination of extensive research and market analysis in the region
,This cooperation aligns with Wadi Degla’s efforts to expand into international markets”
,particularly in the Gulf, with a focus on the Saudi market
.which is experiencing a significant real estate and construction boom under Saudi Vision 2030
,The “CLUB TOWN” project, currently being implemented in Cairo’s Maadi district
.will be adapted for various locations in Saudi Arabia
Meanwhile, Wadi Degla Developments is also preparing to replicate this successful model across
.”Egyptian governorates where Wadi Degla Sports Clubs are located
Dr. Ahdy further shared that Wadi Degla Developments is currently identifying optimal geographical locations,
.designing the project, evaluating investment costs, and formulating comprehensive work plans
,The findings of these studies will be announced soon”
.ensuring the project meets the highest quality standards and effectively addresses customer needs
We look forward to delivering a distinctive residential experience to residents of the Kingdom through “.this collaboration
