EDIC Development Saudi market expansion begins through Al Sultan Residence project in Medina. Moreover, the partnership supports regional growth and sustainable real estate development.
EDIC Development has signed a strategic agreement with Rabah Al-Khatib. The agreement supports the development of Al Sultan Residence in Medina. Moreover, the partnership marks the company’s expansion into the Saudi real estate market.
Al Sultan Residence Project in Medina
Dr. Amr Zaki, Chairman of EDIC Development, discussed the project details. He said the development spans 35,500 sqm.
Additionally, the project includes luxury residential villas. It also features commercial components within a mixed-use development.
The company aims to create integrated and sustainable communities. Furthermore, the project supports modern urban development concepts.
Zaki added that the partnership represents a strategic starting point. It also supports the company’s regional expansion plans.
Moreover, EDIC Development seeks a diversified investment portfolio. The company focuses on promising regional markets.
Design Works and Project Launch
Zaki confirmed that the company is finalizing design works. The project follows the latest international urban planning standards.
Additionally, the company plans to launch the first phase in July. This decision responds to growing residential demand in Medina.
The market continues seeking high-quality residential developments. Therefore, the company accelerates preparation and execution plans.
EDIC Development Portfolio in Egypt
The company also owns several projects in Egypt. These projects include Clavel 1 and Clavel 2 in Sheikh Zayed.
Additionally, the portfolio includes Celestia Mall on Dahshur Link Road. The company also developed DR5 Mall in New Cairo.
These projects reflect the company’s diversified development experience. Moreover, they strengthen its position across multiple sectors.
Expansion Plan in Saudi Arabia
Hatem Adel, General Manager of EDIC Development, discussed expansion plans. He confirmed the company will establish sales offices in Saudi Arabia.
The offices will open in Jeddah, Riyadh, and Medina. Additionally, the expansion strengthens direct market presence.
The company also aims to improve engagement with clients and investors. Consequently, execution and marketing operations will become more effective.
Arab Cooperation in Real Estate Development
Mr. Rabah Al-Khatib, Chairman of Rabah Al-Khatib, discussed the partnership. He described the agreement as an important step for Arab cooperation.
Additionally, he highlighted growth opportunities in Egypt and Saudi Arabia. Both markets continue witnessing strong real estate demand.
He added that cooperation with EDIC Development enhances execution quality. It also increases the project’s investment value significantly.
Long-Term Investment Vision
Al-Khatib confirmed that future phases will include diversified developments. These projects will align with Saudi market needs and urban plans.
Furthermore, the company aims to deliver modern real estate products. The developments will support long-term sustainability goals.
He concluded that Al Sultan Residence marks a long-term cooperation model. Additionally, the partnership supports sustainable economic and urban returns. The project also strengthens Arab partnerships in regional real estate development.
