Reportage KSA, a leading real estate developer in Saudi Arabia, announced total sales exceeding SAR 350 mn in 2024, Invest-Gate reports.

“We continued to achieve outstanding performance over the past year, reflected in increased sales. This confirms our ability to keep pace with market changes and launch new projects that meet the needs of a diverse customer base,” said Islam Hammam, CEO of Reportage KSA.

Hammam revealed the company’s strategic expansion plan for 2025, which includes launching more than seven new projects in Riyadh and expanding to Jeddah. This plan is in response to the growing demand for modern and integrated residential communities.

He pointed out that the company aims to increase the scope of work across the Kingdom. They announced opening a new branch in Jeddah at the Hilton Hotel, a move that will support their expansion of operations and directly provide services to customers in the Western Region.

As part of the company’s vision to develop sustainable residential communities, Hammam noted that works on the “Najd Residential” series of projects are done as scheduled. They began with Najd 1 and 2 and on the way to expand to Najd 3, 4, and 5.

Reportage intends to provide an integrated residential environment that combines sophistication and sustainability with a blend of modernity and authenticity, enhancing the modern housing experience in the Kingdom.

Estimations tell that Saudi Arabia will need to build 115,000 homes annually over the next six years to meet the growing demand from the population, the majority of which is young. Meanwhile, the government seeks to increase homeownership rates, according to a report issued by the real estate consultancy, “Knight Frank”.