Mazaya Developments has announced the inauguration of its new branch in Saudi Arabia as part of its strategic blueprint for regional expansion across various Arab markets, Invest-Gate reports.

This initiative aligns with the company’s vision, which centers on exploration and the pursuit of investment prospects in international markets.

Mohamed Allam, Chairman of Mazaya Developments, emphasized that their primary focus since entering the Egyptian market has been the continual pursuit of genuine investment opportunities both domestically and abroad, aiming to deliver substantial returns for the company’s clientele.

This commitment led them to meticulously select project locations following thorough analyses encompassing every aspect, from land selection to construction design specifics, and the engagement of proficient partners as project consultants, contractors, and operators.

Allam highlighted that in line with the company’s vision, they identified the present as an opportune moment to enter the Saudi market, particularly given the Kingdom’s Vision 2030 and its resolute drive to attract investments in urban development, notably from Egyptian developers. This strategic decision was significantly influenced by the conducive investment climate in Saudi Arabia.

Furthermore, Allam underscored that their foothold in the Saudi market was bolstered by the government’s focus on real estate exports and the broadening of investment horizons within the local market.

Having meticulously studied the Gulf markets for nearly two years and actively participating in various events in Saudi Arabia, Mazaya Developments has expanded its customer base, attracting individuals from diverse Arab and foreign nationalities, as well as Egyptians residing abroad, who now constitute over 25% of the company’s clientele.

This increased demand served as a catalyst for the company to formalize its presence in the Saudi market. Opting for the Riyadh region, Mazaya Developments aims to showcase the investment opportunities it offers, drawing on its successful implementations in the Egyptian market.

Additionally, this strategic move allows the company to evaluate and assess the available prospects within the Saudi market, laying the groundwork for future projects in the region.