Tatweer Misr sets to launch its 1st real estate project in Riyadh

Tatweer Misr, the leading real estate developer in Egypt, is preparing to announce details of the first real estate project developed in Saudi Arabia, Riyadh, in partnership with Naif Alrajhi Investment Company, its CEO Ahmed Shalabi said.

The four billion riyals project will mark the beginning of the launch of other projects in the Saudi market, Shalabi said in an interview with Asharq Business on the sidelines of the Cityscape Global exhibition in Riyadh.

Tatweer Misr signed last March a MoU with the Ministry of Housing and Investment to facilitate the entry into the Saudi market. Last May, the company entered into a strategic partnership with Naif Alrajhi Investment to form a joint venture.