Ldp+Partners Architectural and Engineering Consultant supervises multiple real estate projects with an implementation value of USD 2 bn in Saudi Arabia with further expansion plans in the Egyptian market in 2021, Invest-Gate reports.
“We design and supervise projects in Saudi Arabia with a value of USD 2 bn. Distributed over the public and private sectors, with a total of 10 diverse projects in the Kingdom, representing the company portfolio in 2020,” Nader Fouda, CEO of “Ldp + Partners”, is quoted as saying in a company press release on January 5.
He further adds that the company aims to acquire 10 new real estate projects in Saudi Arabia in 2021, including five projects for the Saudi Ministry of Housing and five projects for real estate developers.
Moreover, Fouda expects that the local market attracts more Gulf investors, despite the repercussions of the Corona pandemic especially with the advantages provided by the Egyptian government, creating an investment environment and launching new projects in partnership with local and foreign investors.
On his part, Mustafa Mowafi, the company business development manager in Saudi Arabia, says that the firm signs contracts with Saudi real estate companies such as ( the Red Sea International Real Estate Investment, El Daraa Real Estate, and the Al-Ateer Company for Trade and Industry.)
He also reveals that a contract has been signed to design the Gold Oasis Mall( Wahet El-Dahab) in Jeddah with an investment cost of EGP 13 bn. The project includes 500 shops, a hotel with 200 rooms, and a hall for events on an area of 10,000 square meters besides 174 workshops for gold. The project spans over an area of 315,000 sqm.