Madinet Masr and Waheej Real Estate Collaborate to Establish Citydom and Advance Sustainable Living in Saudi Arabia
In a major strategic move within the Saudi real estate market, Madinet Masr
(EGX: MASR.CA), one of Egypt’s leading urban developers, and Waheej Real Estate, one of the fastest
-growing real estate companies in Saudi Arabia, announced the official launch of Citydom
a newly established joint venture aimed at creating next-generation, sustainable urban communities
aligned with Saudi Vision 2030
Citydom: A 50/50 Joint Venture Delivering Innovative Urban Solutions
Citydom was formed as an equal partnership, combining Waheej Real Estate’s deep local
market expertise with Madinet Masr’s six decades of urban development experience
This synergy is designed to create an advanced development model capable of delivering
integrated, culturally aligned, and sustainable urban solutions across the Kingdom
Exploring Land Acquisition in Al-Janadriyah to Develop a New Integrated Residential Community
As its first strategic step, Citydom is currently assessing the opportunity to acquire land
within the Al-Janadriyah masterplan in Riyadh, with the goal of developing a fully integrated
residential project in one of the city’s most promising and rapidly expanding areas
The project aims to introduce a new paradigm of modern living in Saudi Arabia, centered on
community, identity, and belonging—presenting a lifestyle that blends comfort, cultural identity
and long-term sustainability
Executive Statements Highlight the Significance of the Partnership
Commenting on the launch, Eng. Abdallah Sallam, President & CEO of Madinet Masr, stated
The launch of Citydom marks a strategic milestone in our regional expansion and a strong entry
into the Saudi market. This collaboration enables us to develop innovative urban communities
that meet the aspirations of Saudi families and set new standards for contemporary living
He added This alliance brings together Madinet Masr’s 66+ years of experience in master
planning and large-scale development with Waheej’s strong market expertise, creating a model that
reflects sustainability and innovation in the Saudi real estate sector.”
Waheej Real Estate: A Vision for Integrated, Future-Ready Communities
Eng Rachid Saud Al-Jadoua, CEO of Waheej Real Estate, commented
We are proud to partner with Madinet Masr in establishing Citydom, a venture that will
introduce a pioneering and innovative development model in the Kingdom. With a long-term
vision, our goal is to deliver integrated communities that meet the needs of Saudi families and
unlock new opportunities for real estate investment
He continued Through this partnership, we reaffirm our commitment to empowering
the real estate sector, fostering innovation, and supporting Vision 2030 objectives in housing
and sustainable community development
About Madinet Masr
Founded in 1959, Madinet Masr is one of Egypt’s leading urban developers, with a landbank
of 12.8 million sqm. Its diverse portfolio spans residential, commercial, and administrative projects
including
Taj City
Sarai
The Butterfly in Mostakbal City
Talaa in New Heliopolis
Tajed, its first fully integrated commercial and administrative complex
Shark Tank Business Park, an innovative development that merges work and lifestyle
in a single vibrant destination
About Waheej Real Estate
With a legacy spanning more than 40 years, Waheej Real Estate is among Saudi Arabia’s
fastest-growing developers, offering end-to-end solutions across real estate development
investment, and project management
The company is recognized for
High-quality, technology-driven projects
Commitment to modern community development
Support for Saudi Vision 2030 goals in housing and livability
Advancing the Kingdom’s real estate landscape through innovation and sustainable design
