Egypt’s real estate developers look forward to investing in Saudi Arabia

Egypt’s real estate developers look forward to investing in Saudi Arabia

Egypt’s real estate developers consider expansion in foreign markets, especially Saudi Arabia, in search of investment and profit opportunities in light of unstable economic conditions that the Egyptian economy suffers from.

Some major real estate companies expressed their interest in investing in the Saudi real estate market, in conjunction with the investment boom taking place in Saudi Arabia and the package of development and construction projects that are being developed in the country, to achieve the Kingdom’s Vision 2030.

Investment opportunities are available in the Saudi real estate sector through a housing programme within the vision of Saudi Arabia, which aims to provide housing solutions and financing options to enable Saudi families to own suitable housing, either through ownership system or through usufruct system.

Tatweer Misr, Mountain View, and Paragon Developments companies took actual steps to invest in the Kingdom of Saudi Arabia, while other companies, headed by Orascom Development Egypt, showed interest in the Saudi market. CEO of Orascom Development Egypt Omar Al-Hamamsy, announced in April 2022 the company’s interest in participating in the current development process and new projects and incentives offered for foreign investment.

Tatweer Misr signed a strategic partnership contract with Naif Alrajhi Investment to establish a joint venture company