In a major strategic move that marks a turning point in regional real estate collaboration,
Madinet Masr—one of Egypt’s leading urban developers—and Waheej Real Estate, one
of the fastest-growing Saudi developers, officially announced the launch of Citydom Saudi Arabia,
a joint venture aimed at establishing a pioneering model for sustainable, contemporary living
across the Kingdom.
This partnership aligns directly with the transformative goals of Saudi Vision 2030,
emphasizing innovation, quality of life, and culturally rooted development.
A 50/50 Joint Venture to Shape the Future of Urban Development
Citydom Saudi Arabia has been established as a 50/50 joint venture, combining the extensive
six-decade experience of Madinet Masr with the deep local insight and operational
strength of Waheej Real Estate.
The new entity aims to create modern urban ecosystems that respect Saudi
culture while integrating the latest global trends in community design.
This collaboration positions Citydom as a future model for integrated living, offering
intelligent planning, functional design, and a strong emphasis on sustainability.
Exploring Land Acquisition in Al-Janadriyah
A key component of Citydom Saudi Arabia’s strategic direction is its plan to explore the
acquisition of land within the Al-Janadriyah masterplan in Riyadh—one of the capital’s most
promising and rapidly developing districts.
The potential project is envisioned as an integrated residential community that redefines
the concept of place, identity, and belonging. It is designed to provide residents with
a holistic lifestyle that balances comfort, modern design, and a deep connection to local values.
Madinet Masr: A Regional Expansion Milestone
Eng. Abdallah Sallam, President & CEO of Madinet Masr, described the launch of Citydom
Saudi Arabia as “a strategic milestone in our regional expansion plan and a strong beginning
for our presence in the Kingdom.”
He emphasized that Madinet Masr’s extensive experience—spanning over 66 years—in
large-scale planning and urban development will add significant value to the Saudi market.
The company’s portfolio across Egypt includes notable projects such as Taj City, Sarai,
The Butterfly in Mostakbal City, Talaa in New Heliopolis, Tajed, and the innovative Shark
Tank Business Park.
Waheej Real Estate: Innovation Backed by Legacy
On the Saudi side, Eng. Rachid Saud Al-Jadoua, CEO of Waheej Real Estate, highlighted the
importance of this collaboration, stating:
“We are proud to partner with Madinet Masr in the establishment of Citydom Saudi
Arabia, which introduces a pioneering developmental model that blends contemporary
design, sustainability, and cultural identity.”
He reaffirmed Waheej’s commitment to empowering the real estate sector and
supporting Saudi Vision 2030 through integrated communities that meet the evolving
needs of Saudi families while opening new pathways for investment.
A Growing Market Shaped by Strategic Collaboration
The launch of Citydom Saudi Arabia signals a significant step towards delivering:
– Smart urban solutions designed for long-term value creation
– High-quality communities developed through international and local expertise
– Enhanced investment opportunities within Riyadh’s growing real estate sectorThis partnership
