New Event Developments has officially launched its first project in the Kingdom of Saudi Arabia — Sakan View, a premium residential development located in the city of Jeddah, Invest-Gate reports.

This strategic move marks a significant milestone in the company’s regional expansion and builds on its growing success in Egypt and other markets. The launch of Sakan View aligns with Saudi Arabia’s Vision 2030 and reflects the Kingdom’s rising appeal as a global real estate and investment destination. The development offers luxury residences designed to meet the highest standards, while ensuring accessibility to essential services and lifestyle amenities in Jeddah’s most vibrant areas.

Dr. Hamid Al Rajawi, Chairman of New Event Developments, stated that the company’s entry into the Saudi market follows more than a year of in-depth studies and planning. “Our decision to launch in Saudi Arabia stems from our confidence in the strength, stability, and growth of its real estate sector,” he noted, adding that favorable regulations, major urban developments, and increased foreign investor access make the Kingdom a natural choice for long-term expansion.

Alongside the Jeddah project, the company is preparing to launch a landmark development in Riyadh—expected to be its largest project in the Kingdom to date and a key pillar in its Saudi growth strategy.

Eng. Mohamed Al-Asry, CEO of New Event Developments, emphasized the company’s commitment to global quality benchmarks, smart construction technologies, and sustainable design. He confirmed that the company will work with top-tier engineering consultants and apply best practices from its international portfolio to ensure timely delivery and long-term value.