2024-Jul-09
Real estate development is the process of transforming underutilized lands and buildings into residential, commercial, or industrial projects to meet market needs and achieve profitable returns for investors. This sector plays a vital role in boosting the economy, creating job opportunities, and improving quality of life, which aligns with Vision 2030. This vision seeks to achieve the highest possible economic growth by supporting the real estate development sector and empowering real estate developers. Asas Makeen Real Estate and Investment Company is a leading company in this field, with extensive experience as a real estate developer, allowing it to work with the highest standards of quality and sustainability. The Importance of Real Estate Development The significance of real estate development lies in its support for economic growth, enhancement of quality of life, and achievement of environmental sustainability. Leading companies in this field strive to achieve these three objectives, and Asas Makeen Real Estate and Investment Company contributes to these goals as a prominent real estate developer in Riyadh. Supporting Economic Growth: Real estate development is a key driver of economic growth. This is achieved by creating new projects that generate both direct and indirect job opportunities, thus boosting the economic cycle. Investments in infrastructure, public facilities, and the development of villas or apartments under construction improve service levels and increase the attractiveness of the area for investors and residents. Asas Makeen Real Estate and Investment Company plays a vital role in accelerating economic growth as a distinguished economic partner, aligning with the overall economic growth trend. Enhancing Quality of Life: Enhancing quality of life is highlighted through the development of integrated real estate projects that provide comfortable living environments and modern facilities meeting residents' needs. This includes improving infrastructure and providing recreational, educational, and healthcare facilities, which elevates the quality of life and creates an attractive and ideal living environment. Asas Makeen Real Estate and Investment Company has achieved quality of life standards in its various projects, offering all necessary services and amenities for a more secure and safe community. Thus, its projects are attractive for both living and investment. Achieving Environmental Sustainability: Sustainable real estate development aims to balance economic growth with environmental preservation by adopting eco-friendly building practices and using renewable energy technologies. This approach reduces environmental impact and ensures long-term sustainability. Asas Makeen has pursued this goal by using high-quality building materials for durability and integrating nature into its projects by planting gardens within the premises. This reduces potential environmental impacts and adheres to environmentally friendly practices. Benefits of Investing in Real Estate Development Investing in real estate development offers a range of benefits, especially when partnering with an experienced and reputable developer like Asas Makin. Here are some of the key advantages: High Financial Returns: Investing in real estate development can yield high financial returns over the long term. Property values generally increase over time, depending on the location, population growth, and commercial prospects. With a competent real estate partner such as Asas Makin, investors can access better opportunities compared to ordinary real estate offices, whether through property sales or rental income. Diversification of Investment Portfolio: Real estate development is an effective way to diversify your investment portfolio. By investing in real estate projects in Riyadh and across the Kingdom, investors can reduce risks and achieve stable, high returns. It is crucial, however, to choose a company with extensive experience in the field, such as Asas Makin, to ensure the viability and success of the investments. Financial Security: Real estate is considered a stable asset that maintains its value over time, providing financial security compared to more volatile investments. Ensuring financial security in real estate involves selecting properties in promising locations and understanding the city's growth potential. Asas Makeen's thorough market research and expertise help in identifying properties with promising futures, thereby enhancing the security of your investment. Strategies for Success in Real Estate Development Market Research: Understanding market needs and trends is essential for the success of any real estate development project. Asas Makeen strives to reach the pinnacle in real estate development in Riyadh and Saudi Arabia by conducting thorough market research and analyzing supply and demand. This helps identify gaps and opportunities, allowing the company to develop projects that accurately meet market needs. This approach ensures high demand for their projects and achieves impressive numbers in the real estate market. Detailed Planning: Good planning is the foundation of any successful project. Asas Makeen always creates detailed plans for its various projects, such as its distinguished projects in northern Riyadh. The company starts by defining the budget, selecting the most suitable location, and considering environmental and social factors to ensure sustainability and community acceptance. This meticulous planning reflects in the widespread success and diverse housing options of their projects, based on in-depth studies of factors beyond just real estate. Collaboration with Experts: Collaborating with experts in various fields, such as engineering and real estate marketing, ensures that projects are executed professionally and distinctly. Asas Makeen creates an attractive work environment for a team of skilled professionals and engineers, enhancing the quality of work and development. This collaboration not only improves construction quality but also elevates investment potential. In Conclusion: Real estate development is not just about construction, as some real estate offices in Riyadh might think. It is an investment in the future. By planning well, understanding market needs, and focusing on sustainability, successful and profitable outcomes can be achieved for both property owners and investors. This is also advice for real estate offices in Riyadh. Investing in real estate development offers opportunities for economic growth and improved quality of life, making it a promising investment worth attention and care.
Listing on the Parallel Market: A Strategic Step in Saudi Arabia’s Real Estate Development Sector The real estate development sector in the Kingdom of Saudi Arabia is undergoing significant transformations under Vision 2030, which aims to boost investments and create an economic environment that supports sustainable growth. One of the most important shifts is the move toward listing on the Parallel Market (Nomu), as many real estate development companies aim to expand their investor base and attract new capital to support their expansion plans.<br /> <br /> Listing on the Parallel Market<br /> is a step that reflects the maturity of the Saudi real estate market and its capacity to accommodate more institutional and individual investments. It contributes to increasing transparency and strengthening governance standards within the sector. The Importance and Impact of Parallel Market Listing on Real Estate Development Companies The Nomu Parallel Market is a strategic option for real estate development companies seeking sustainable growth without the full compliance requirements of the main financial market, making it an ideal environment for companies with strong financial and administrative performance records.<br /> <br /> Listing offers companies an opportunity to access additional financing, helping them expand projects and increase competitiveness. It also provides greater liquidity through more flexible stock trading. Moreover, being listed enhances trust and transparency, as companies are required to publish regular financial reports and updates, making them more attractive to individual and institutional investors.<br /> <br /> Listing also opens the door for real estate development companies to diversify their funding sources not relying solely on bank loans or private investments, but also leveraging the Nomu market as a platform to attract new capital to support future projects.<br /> <br /> Why Are Real Estate Development Companies Heading to the Parallel Market?<br /> <br /> The Nomu market is an ideal option for Riyadh-based real estate developers aiming to expand without being bound by the stricter requirements of the main market. Key benefits of listing include:<br /> <br /> • Access to new funding sources to support expansion projects • Increased liquidity through flexible share trading • Enhanced reputation and investor/client trust • Attraction of institutional and strategic investors who can support long-term growth<br /> <br /> The Listing of Asas Makeen in the Parallel Market:<br /> <br /> A New Growth Milestone Asas Makeen Real Estate Development Company has received approval from the Capital Market Authority to offer 10% of its shares on the Nomu Parallel Market a move that reflects the company’s maturity and readiness for a new phase of expansion and growth.<br /> <br /> Founded with an ambitious vision to lead the real estate development sector, Asas Makeen focuses on building high-quality residential and commercial projects that meet the growing demand in the Kingdom.<br /> <br /> Listing the company’s shares on Nomu offers a valuable opportunity for investors seeking businesses with strong financial foundations and clear future plans. This offering is expected to enhance Makeen’s ability to finance new projects and expand into new segments within the Saudi real estate market, as well as attract strategic partners and institutional investors to support its future growth. Additionally, the listing reinforces the company’s compliance with stricter regulatory governance standards, requiring periodic financial disclosures and the adoption of more transparent financial and administrative policies.<br /> <br /> This will enhance the company’s credibility among investors, clients, and business partners granting it a strong competitive edge in the market.<br /> <br /> In Conclusion: What Does This Listing Mean? The listing of Asas Makeen on the Parallel Market is a strategic step that demonstrates the company’s strength and ability to excel in the real estate development sector. It provides investors with the opportunity to be part of the company’s future growth journey, supported by a promising investment environment that encourages innovation and the development of modern real estate projects aligned with Saudi Arabia’s Vision 2030 goals.
The foundation of the nation is the beginning from which every Asas Makeen. On Founding Day, we return to the roots that created the present, and draw inspiration from the vision that drew the features of the future. Just as a solid foundation builds the glories of nations, a solid foundation consolidates the future of construction.
<br /> As part of its future strategy to keep pace with industry developments and improve quality of life, Asas Makeen announces its plans to launch a new hotel chain, introducing a modern Saudi brand in the hospitality sector that combines excellence and luxury at the highest international standards. This strategic expansion aligns with Saudi Vision 2030, which aims to advance tourism and establish the Kingdom as a premier global hospitality destination.<br /> <br /> A Unique Experience Blending Luxury with Innovation<br /> <br /> These hotels will offer a fully integrated hospitality experience, merging Saudi culture with contemporary design and advanced technology to provide an exceptional stay for guests. Strategically located near key cultural and tourist landmarks, the hotels will feature sophisticated spaces that seamlessly combine luxury and comfort. They will also incorporate the latest digital solutions, including smart services, digital check-in, and integrated room control, enhancing guest convenience and creating a distinguished hospitality experience.<br /> <br /> Strategic Expansion in Key Saudi Cities<br /> <br /> Asas Makeen plans to open several hotels in major cities across the Kingdom, catering to business travelers, tourists, and families seeking a world-class Saudi hospitality experience. This initiative underscores the company’s commitment to developing the hospitality sector and elevating service standards in Saudi Arabia. The hotel chain’s pilot launch is scheduled for the second quarter of this year, with further details on locations and features to be revealed soon.
<p>Asas Makeen Real Estate Development Company Announces Its Listing on the Parallel Market (Nomu) Asas Makeen Real Estate Development Company has announced receiving approval from the Capital Market Authority (CMA) for listing its shares on the Parallel Market (Nomu). This milestone marks a pivotal step in the company’s strategy to expand its operations and strengthen its position in the Kingdom’s real estate sector. A Transformational Milestone for Asas Makeen The listing of Asas Makeen on the Parallel Market is a testament to the confidence placed in the company by the Capital Market Authority. This achievement aligns with Saudi Vision 2030, which aims to support national companies and enhance their sustainability amidst the Kingdom’s major economic transformations. In this context, Mr. Abdulrahman bin Saud Al-Hadlaq, Founder and Chairman of the Board, stated: “We take pride, praise be to God, in what the company has achieved over 15 years of working with our success partners. We have contributed to the growth of the real estate sector by developing vital residential and commercial complexes in key locations across Riyadh, in line with the aspirations of Saudi Vision 2030 and its comprehensive renaissance.” Strategic Goals to Foster Growth Mr. Abdulrahman Al-Hadlaq, CEO of Asas Makeen, added: “Our listing on the Parallel Market represents a strategic step to achieve our expansion goals. We aim to strengthen our engagement with investors by offering exceptional investment opportunities. We remain committed to delivering innovative real estate projects that meet market needs and contribute to the development of the Kingdom’s real estate sector.” Significant Achievements and a Promising Future Asas Makeen has achieved remarkable growth in recent years, completing over 65 real estate projects with a total value exceeding SAR 1 billion in 2023. These projects include: • More than 150 residential buildings. • Approximately 180 villas. • Over 4,000 residential units. • Development of over 350,000 square meters of land and 700,000 square meters of built-up areas. Future Plans The company plans to enhance its portfolio of real estate projects and expand its geographic footprint to include more vital areas within the Kingdom, reinforcing its role in achieving the objectives of Saudi Vision 2030. The listing of Asas Makeen on the Parallel Market reflects its commitment to innovation and growth, reaffirming its leadership role in advancing the real estate sector in Saudi Arabia.</p>
<p>Asas Makeen Real Estate Development and Investment Company celebrated the renewal of the ISO 9001 Quality Management System certificate, in a special ceremony attended by the CEO of Manah Arabia, the certification body, who handed over the certificate to the company's senior management. This achievement confirms Asas Makeen commitment to applying the highest standards of quality and excellence in all its operations, enhancing its leading position in the real estate development and investment sector. During the ceremony, the internal audit team was honored in appreciation of their distinguished efforts that contributed to achieving this success, as they demonstrated high efficiency in improving operations and ensuring full compliance with the certification requirements. The CEO of Manah Arabia expressed his pride in the partnership with Asas Makeen Company and his confidence in the company's continued leadership and quality. For his part, the CEO of Asas Makeen, AbdulRahman bin Ibrahim Al-Hadlaq, confirmed that this achievement reflects the company's vision, which aims to provide integrated projects that meet customer aspirations and enhance business sustainability, stressing that the renewal of the ISO certificate is evidence of the company's commitment to continuous improvement and excellence in all areas of its work. Asas Makeen continues its commitment to continuous improvement and quality as part of its strategy to achieve excellence in all areas of its work.</p>