New Event Developments Expands into Saudi Arabia with a Luxury Residential Project in Jeddah

New Event Developments Enters Saudi Market with Launch of Luxury 

New Event Developments, a leading real estate developer, has officially launched its first project

in the Kingdom of Saudi Arabia: Sakan View, a premium residential development in Jeddah.

This marks a significant milestone in the company’s regional growth strategy and reflects its confidence

in the strong opportunities driven by Saudi Arabia’s Vision 2030.

With a solid track record of success in Egypt, New Event Developments is now venturing

into one of the region’s most promising and stable real estate markets. The company’s expansion

aligns with its vision of capitalizing on Saudi Arabia’s rapid urban development and investor-friendly ecosystem.

Chairman: Saudi Arabia Offers One of the Region’s Most Attractive Real Estate Markets

Dr. Hamid Al Rajawi, Chairman of New Event Developments, expressed pride in launching the company’s

first Saudi project after more than a year of in-depth research and strategic planning.

“Our decision to enter the Saudi market stems from a firm belief in its status as one of the region’s most stable,

attractive, and profitable real estate investment environments,” he stated. “The Kingdom’s dynamic urban transformation, its position as a hub for major global events, and the legal framework supporting

foreign property ownership have created ideal conditions for international investors.”

Dr. Al Rajawi highlighted that Sakan View in Jeddah has been carefully designed to offer

residents the highest levels of luxury, comfort, and accessibility to essential services.

The project also aims to provide strong returns for real estate investors in Saudi Arabia.

Next Landmark: Major Real Estate Project Planned for Riyadh

Looking ahead, New Event Developments is preparing to unveil its largest project yet in Riyadh,

a move that Dr. Al Rajawi described as a “turning point” in the company’s expansion journey across

the Kingdom. The Riyadh project is expected to further solidify the company’s presence in the Saudi

market and deliver innovative residential solutions that align with modern urban planning trends.

CEO: Global Standards and Smart Technology at the Heart of Every Project

Engineer Mohamed Al-Asry, CEO of New Event Developments, emphasized the company’s commitment

to global quality standards in every phase of the Sakan View project.

He noted that the firm will draw on its years of international experience and will leverage

cutting-edge technologies in real estate development to deliver a world-class product.

Collaborations with top engineering consultants will ensure the project is completed on time and built

to the highest standards of sustainability and smart construction.

Client Satisfaction as a Core Business Strategy

Eng. Al-Asry concluded by reaffirming the company’s commitment to long-term client relationships.

“Fostering lasting partnerships with our clients is central to our strategy. Customer satisfaction

is not just a goal—it is the foundation of every project we undertake.”