New Event Developments sells out first phase of Sakan View 1, launches new project in Saudi Arabia
New Event Developments has announced the complete sell-out of the first phase of its flagship Saudi project, Sakan View 1, achieved in record time. Building on this momentum, the company unveiled its second project in the Kingdom, Sakan View 2, reinforcing its commitment to expand in one of the region’s most dynamic real estate markets.
New Event Developments
Customer Confidence and Expansion Strategy
Dr. Hamid Al-Rgwy, Chairman of New Event Developments, stated that the rapid sell-out highlights the company’s ability to deliver integrated real estate products that fulfill customer aspirations while strengthening confidence in its offerings.
He emphasized that the company’s regional expansion builds on its track record in Egypt, where it has launched several landmark projects. According to Al-Rgwy, the launch of Sakan View 2 is a significant addition to the company’s Saudi portfolio, aligning with its growth strategy to meet the rising demand for premium residential communities with modern designs and integrated services.
“The company aims to become one of the leading real estate developers in the Saudi market,” he added.
Sakan View 2 – A Strong Market Addition
Eng. Mohamed Al-Asry, CEO of New Event Developments – Saudi Arabia branch – explained that Sakan View 2 will deliver a new level of urban integration and services tailored to diverse needs, making it a strong addition to the Kingdom’s real estate landscape.
He noted that the company’s decision to expand into Saudi Arabia stems from its confidence in the market’s stability,
appeal, and profitability.
Strengthening Client Partnerships
Al-Asry further emphasized the company’s commitment to building long-term partnerships with clients in Saudi Arabia.
This includes delivering high-quality real estate products, adhering to project timelines, and offering flexible payment plans designed for different customer segments.
He concluded by underscoring the company’s focus on post-sale support to ensure client satisfaction and reinforce trust in New Event Developments.
