#AshuraDay is a virtuous day, and fasting on it is an act of obedience and gratitude, and it is an expiation for the previous year.
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.