Tatweer Misr signs a memorandum of understanding with the Ministries of Investment, and the Ministries of Municipal and Rural Affairs and Housing in the Kingdom of Saudi Arabia, to explore promising real estate investment opportunities in the Kingdom, Invest-Gate reports.

The MoU comes in line with Tatweer Misr’s strategy for external expansion and diversification of its project portfolio.

The protocol is signed on the sidelines of the company’s participation in the MIPIM exhibition.

Ahmed Shalaby, CEO and Managing Director of Tatweer Misr, notes that the MoU achieves a common interest for both parties, as it is in line with Tatweer Misr’s strategy to expand its business volume in major regional and international markets.

Shalaby adds that Tatweer Misr has completed a feasibility study on the most promising investment opportunities in the Saudi real estate sector.