Akam AlRajhi Development

Akam Al-Rajhi Development Company for Real Estate represents key figures and investors in both Saudi and Egyptian real estate sectors. At a recent news conference, attended by prominent business leaders, Saudi embassy officials, and leading Egyptian media personalities, the Al-Rajhi Group announced its intention to expand its presence in Egypt, with a particular focus on the real estate market.

Abdel-Wahhab Saleh Al-Rajhi, Chairman of the Board of Directors for Saudi Al-Rajhi Group and a prominent real estate development engineer at Akam Al-Rajhi Development, shared that the decision to invest in Egypt stems from the country’s rapid growth, especially with the development of new cities such as the New Administrative Capital. He highlighted that Egypt’s dynamic expansion is attracting people from all nationalities.

The Saudi Al-Rajhi Group has gained significant recognition in recent years for its ventures across various sectors, particularly in food and agriculture throughout the Arab world. Partnering with Akam Al-Rajhi Development, one of Egypt’s largest real estate companies, marks their entry into the Egyptian real estate market.

Akam Al-Rajhi Development Company is a joint-stock enterprise formed through a collaboration of 4 companies with extensive real estate experience. Its partners include:

– The Residence Real Estate Company
– Saudi Arabia Business Solutions
– Benayat Investment and Development Company for Real Estate
– Faisal Bank

These partners have launched numerous projects in collaboration with the Ministries of Defense and Economy and other major corporations, known for their sophisticated approach and competitive pricing strategies.

Among Akam Al-Rajhi Development’s notable projects are the Scenario Compound, the Seine Seven project, and developments in the New Administrative Capital. They are now announcing the initiation of a tourism project on the northern coast, to be unveiled through their partnership with the Saudi Al-Rajhi Group.

Stay tuned for further details on Akam Al-Rajhi Development’s major projects, including their latest venture on the North Coast and other significant developments.