Asas Makeen, a leading investment and real estate development company, launches Diriyah-inspired architectural identity in its "Makeen 37" project. This innovative and unique design approach coincides with the 93rd Saudi National Day, marking the first time such a model has been applied to luxury residential apartment projects, which Asas Makeen is unveiling in multiple locations across North Riyadh. The launch of Diriyah’s architectural identity by Asas Makeen is part of a broader visual identity that reflects the authentic heritage and showcases architectural and engineering features of local traditions. These elements are inspired by the historical identity of Riyadh, aligning with the visual identity strategy announced by the Riyadh Municipal Council. Asas Makeen is known for delivering residential models with architectural designs that embrace the latest practices in engineering and aesthetic excellence. The company has injected over 2,500 luxury residential units into the market through more than 50 comprehensive projects located in prime areas of North Riyadh, demonstrating a commitment to innovation and creativity in meeting the demands of the real estate market. With over 13 years of experience in real estate investment and development, Asas Makeen was founded in 2010 and launched its first development project that same year. Over the years, the company has achieved numerous successes, establishing itself as a key player in Riyadh’s real estate development sector.
At Asas Makeen for Real Estate Development and Investment, we are pleased to announce that we have obtained a “Real Estate Developer Qualification Certificate to Practice Real Estate Contributions” from the General Authority for Real Estate, which confirms our commitment to regulatory standards and requirements, and confirms our leadership in the real estate development sector.
Asas Makeen Real Estate Development and Investment Company signed a partnership agreement with Al Rajhi Real Estate Investment and Development Company to develop a modern residential project in the Andalusia neighborhood in Riyadh, with an investment value of one billion Saudi riyals.<br /> <br /> The agreement was signed under the auspices of the Ministry of Municipalities and Housing, and in the presence of His Excellency the Undersecretary of the Ministry, Mr. Abdul Rahman Al-Tawil, emphasizing the importance of the project in supporting the urban development and enhancing quality of life in the capital.<br /> <br /> The project spans 17,800 square meters, with a total built-up area of approximately 137,000 square meters, comprising 665 residential units distributed across 20 residential towers, to be one of the prominent residential projects that provide an integrated environment and meet the aspirations of residents with modern standards. The project is strategically located just 100 meters from the metro station, offering smart mobility options and contributing to a fully integrated modern living environment, in alignment with Saudi Vision 2030's goals for developing sustainable residential communities.<br /> <br /> In this regard, Asas Makeen has expressed its commitment to developing integrated urban communities that align with real estate market developments by delivering high-quality and innovatively designed residential investments. The company affirmed that this project would be a significant addition to sustainable urban development in Riyadh.
Asas Makeen is pleased to announce that it has achieved a First-Class Contracting Classification, confirming its technical competence, financial strength, and commitment to the highest quality standards in the construction and real estate development sector. This achievement aligns with our strategy to enhance our role in the evolving urban landscape of the Kingdom, in line with the vision of sustainable development. We continue our journey steadfastly towards leadership.
<p>We are pleased to announce that the Capital Market Authority (CMA) has approved Asas Makeen’s offering on the Parallel Market "Nomu," marking the beginning of a new chapter of growth and innovation in the real estate sector. Together, we build a stronger future.</p> <p>The Capital Market Authority has approved the offering of 10% of Asas Makeen’s shares on the Parallel Market - Nomu.</p>
Saudi Arabia hosts the FIFA World Cup 2034, reflecting a great vision and ambition without limits, we are proud of our homeland and prove that the impossible is not Saudi.