Wall Street Group signs a memorandum of understanding with the Saudi AlHaddab Holding Company to open its first abroad branch in Saudi Arabia, targeting SAR 1 bn sales in its first year, Invest-Gate reports.

Ihab Saeed, Wall Street Group’s Chairman, says that choosing Saudi Arabia to open the company’s branch came according to studying the Saudi market as one of the promising markets supporting its expansion plan.

He adds that cooperation with AlHaddab Holding Company comes as a result of being one of the leading companies in real estate investment and development field.

Saeed notes that Wall Street aims to achieve contractual sales worth SAR 1 bn during the first year of the opening of the branch, based on the size of the huge projects in Saudi Arabia.

CEO of Wall Street Group, Moussa Youssef, comments that the company plans to market nearly 100 diverse projects in Egypt and Saudi Arabia with various activities, including residential, commercial, administrative, medical, hotel, and tourism.