The prominent Saudi real estate developer, Company Mashariq, has unveiled its strategic directions for the coming five years. The company’s focus is on bolstering its leadership position in the real estate market, accelerating its business growth, and enhancing the performance of its projects. This strategy aligns with the flourishing era that the Kingdom of Saudi Arabia is experiencing across various sectors, contributing to the state’s developmental projects in line with Saudi Vision 2030.
With this announcement, Company Mashariq is embarking on a new phase to continue its successful investment trajectory and strengthen its competitive edge as the largest private real estate developer in the Kingdom. The firm is engaged in designing and constructing one million square meters of office space, 500,000 square meters of residential area, 200,000 square meters of commercial space, and five luxury five-star hotels, in addition to residential and tourist zones in all its projects.
Businessman Salama Bin Muleih Bin Saeedan, the chairman of Company Mashariq, stated that the strategic directions are rooted in a profound understanding of the real estate sector’s evolution. The strategy builds upon the company’s recent successes, relying on innovation and leveraging civilization’s elements to create a diverse portfolio of real estate products. These endeavors resonate with the dynamic developments within the Kingdom, providing a rich lifestyle that meets the needs of both private-sector companies and individuals through the company’s projects.
Salama Bin Saeedan further explained that the company’s strategic directions are based on several pillars: establishing sustainability, governance, and social responsibility standards, diversifying investments to increase asset returns, and achieving operational efficiency in managing real estate projects. The company plans to raise approximately 12 billion riyals through public offerings, list three companies in the Saudi stock market, establish seven real estate funds, and develop intelligent buildings, continuing its leadership as the foremost private real estate developer.
According to Company Mashariq‘s strategic directions, the company will focus on leveraging its current capabilities and investing in new assets with significant investment opportunities. It aims to enhance operational efficiency, develop project infrastructure, maximize returns on current assets, and achieve sustainable growth through diversified investments.
Company Mashariq is recognized as one of the most significant and prominent real estate investment firms in the Kingdom of Saudi Arabia, distinguished by its exceptional real estate vision. Its development initiatives substantially contribute to the national economy and investment enhancement. The company’s products reflect contemporary concepts of real estate development, inspiring the world with a Saudi vision capable of making a difference globally. Its offerings are known for providing solutions that cater to the desires of investors and individuals for work and living environments, complete with integrated services. Company Mashariq has long been at the forefront, innovating real estate products that offer a new and unique lifestyle, enhancing the quality of life by providing comprehensive facilities encompassing commercial, residential, health, service, and recreational amenities.
