Grande By Al Ahly Sabbour, a subsidiary of Al Ahly Sabbour Developments, has signed a cooperation agreement with Prince Saud bin Abdulaziz bin Fahd bin Farhan Al Saud, Chairman of Sarat Investments, Invest-Gate reports.
The company announced the signing of this agreement to develop and implement real estate projects in various cities in Saudi Arabia, including Jeddah, Riyadh, and Medina. This step reflects the vision of both companies and their commitment to developing the real estate sector in the Kingdom, as well as their belief in its growth potential.
The agreement also represents an extension of both companies’ efforts to implement major real estate projects in accordance with the highest international standards.
This partnership between Sarat Investments and Grande-Sabbour is founded on a shared vision to develop integrated real estate projects in the Kingdom, spanning residential, commercial, and hospitality sectors. The collaboration aims to enhance quality of life and support the goals of Saudi Vision 2030.
Through this partnership, the two companies seek to deliver added value through innovative solutions that combine modern design, sustainability, and local identity.
Commenting on the event, Eng. Ahmed Sabbour, Chairman and Managing Director of Al Ahly Sabbour Developments, stated: “We are delighted to sign this agreement, which crowns our partnership with a leading entity such as Sarat Investments. This agreement deepens our footprint in the Saudi market, which offers numerous growth opportunities that will stimulate economic growth in the Kingdom and the region as a whole.”
For his part, Eng. Sherif Sultan, Chairman of Grande-Sabbour and CEO of Al Ahly Sabbour Developments, remarked: “This step represents a driving force behind our vision to export our extensive expertise in the real estate sector on a regional level. We have great ambition and solid plans to ensure that this project achieves exceptional success, featuring innovative concepts based on the latest technologies and modern designs that provide customers with unique experiences.”
Eng. Rasha Mustafa, CEO of Grande-Sabbour, added: “I am very optimistic about this strategic partnership, through which we aim to study and implement integrated real estate projects based on a comprehensive developer system. We will draw on our 35 years of experience to achieve aspirations for sustainable development in the field of real estate.”