As part of regional expansion plans and strengthening strategic partnerships, Al Borouj Misr Developments Group signed a partnership agreement with “Emaar Executive Contracting” to work in the fields of investment, development, and general contracting within the Kingdom of Saudi Arabia, Invest-Gate reports.
Partnership Aims to Strengthen Al Borouj Misr ’s Presence in the Saudi Market
The partnership aims to achieve an effective presence for Al Borouj Misr in the Saudi market through an alliance with a strong strategic partner with extensive experience and a proven track record of major projects. Emaar Executive Contracting is considered a leading company in IT, low-current works, digital infrastructure, and data center projects in the Kingdom.
Hazem El-Sharif’s Statements on the Alliance’s Objectives
In this context, Hazem El-Sharif, Chairman of Al Borouj Misr, stated that this alliance is part of the strategic plan to expand in general contracting and real estate investment, emphasizing that the Saudi market represents a promising opportunity to gain specialized experience in Gulf markets, as well as transfer Al Borouj Misr ’s expertise to the Kingdom, with a distinguished partner providing a strong and solid foundation for this alliance.
Both Parties Express Happiness About the Partnership
He also expressed his pleasure in partnering with Emaar Executive Contracting, under the leadership of its chairman and the team responsible for implementing the agreement, ensuring its success and the achievement of its shared objectives.
Abdullah Al Muammar’s Statements on the Expansion Plan
For his part, Abdullah Al-Muammar, Chairman of Emaar Executive Contracting, confirmed that the company is one of the leading Saudi companies in general contracting and construction, covering civil and structural works, foundational engineering, as well as mechanical and electrical works within the Kingdom of Saudi Arabia.
Focus on Expansion in Specialized Projects
He explained that the company’s expansion plan includes a strong entry into general contracting, especially given the Kingdom’s ongoing urban and developmental transformation, particularly in specialized projects such as hotels, hospitals, and recreational and service facilities, expressing his happiness in partnering with an Egyptian partner with distinguished experience in executing such projects.