•M. Mohamed Allam – Chairman of the Board of Directors: We have an ambitious plan to search for investment opportunities in the Saudi market and attract new investments to the Egyptian market
Mazaya Real Estate Development Company announced the opening of its new branch in the Kingdom of Saudi Arabia as part of its strategic plan to expand regionally in a number of Arab markets in accordance with the company’s vision, which is based on exploration and searching for investment opportunities in foreign markets.
Eng. Mohamed Allam – Chairman of the Board of Directors of the company said that their main orientation since the beginning of their work in the Egyptian market is to constantly search for real investment opportunities inside and outside the Egyptian market and achieve large profitable returns for the company’s clients. This is what made them very keen to choose the locations of their projects after extensive studies of all aspects of the project, starting with choosing the location of the land for the design details of the constructions to choose success partners as consultants, implementers and operators of the project, noting that from From this standpoint, and according to the company’s vision, they found that the time now is ideal to enter the Saudi market, especially with the Kingdom’s Vision 2030 and its strong desire to attract investments in the field of urban development, especially by Egyptian developers, which had a great impact on making the decision to enter the Saudi market.
Allam added that what has also strengthened their presence in the Saudi market is the state’s interest in the real estate export file and expanding the scope of attracting more investments to the local market, in addition to the company’s study of the Gulf markets for nearly two years and participation in a number of events held in the Kingdom of Saudi Arabia, which has increased the company’s customer base, whether of different Arab and foreign nationalities or by Egyptians working abroad, which exceeded 25% From the company’s clients, indicating that this matter is an incentive for the company to take official steps to establish an official entity within the Saudi market. The company chose the Riyadh region in order to display the investment opportunities provided and implemented by the company directly in the Egyptian market and also to study and analyze the opportunities available within the Saudi market in preparation for the company’s presence in future projects within the Saudi market as well.
Allam added that Mazaya Company has been seeking since its launch in the Egyptian market to be one of the largest real estate development companies within a few years by relying on studying the market well, meeting the actual need of the client, and offering various projects of a special nature in the best and most distinguished investment areas, pointing out that their accumulated experience, which exceeds 14 years in the field of real estate, has helped them in the right direction and choosing ideal opportunities that attract investment Stressing that if it were not for the national projects and new cities built by the state, the real estate market would not have been able to achieve an unprecedented renaissance, as is happening now. It has contributed fundamentally to creating many job opportunities and opened new marketing horizons, resulting in a huge market that contributes to the state’s national product by at least 20%, making this sector the engine of real development for the national economy.
As for the company’s expansion plans in the Egyptian market, Allam confirmed that the company is now studying the implementation of a housing project and is studying available opportunities in the Fifth Settlement and West Cairo areas. This project is scheduled to be announced next year, noting that the current year for the company is considered the year of construction and next year is the year of the company’s new and different launch in terms of the quality of its projects and the size of its investments according to their plans set for expansion within the Egyptian market.
