PROJECTS: Egypt's Madinet Masr says Saudi JV eyeing land for integrated residential project

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First published: 19-Nov-2025 19:40:41Eman HamedEGX-listed developer Madinet Masr announced on Wednesday that its joint venture with Saudi developer Waheej Real Estate is planning to acquire a plot in Riyadh to develop an integrated residential project.The company said in a press statement that Citydom, its 50:50 joint venture with Waheej, is studying acquisition of a land plot located within the Al-Janadriyah district in northeast Riyadh.Financial details and project specifications were not disclosed.The statement said Citydom will leverage Waheej’s deep local market expertise and Madinet Masr’s six decades of experience in developing integrated urban communities in Egypt to deliver innovative urban solutions aligned with Saudi culture and environment.Madinet Masr, established in 1959, is one of Egypt’s leading urban development companies with a landbank of 12.8 million square metres (sqm).In July, Zawya Projects had reported that Madinet Masr has set up a UAE subsidiary as part of its plans to expand in the Gulf region. (Writing by Eman Hamed; Editing by SA Kader)([email protected])Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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