Riyadh – Sharikat Mubasher: Waheej Real Estate teamed up with Egypt’s Madinet Masr to launch Citydom, a new 50/50 joint venture aimed at developing modern, sustainable communities in Saudi Arabia. The move marks a major step for Waheej as it expands its portfolio and supports the Kingdom’s Vision 2030 housing and urban development goals.
As per a recent press release, Citydom is already exploring the acquisition of land within Riyadh’s Al-Janadriyah masterplan to develop an integrated residential project in one of the capital’s most promising areas. The venture combines Waheej’s strong local expertise with Madinet Masr’s decades of experience in building large-scale urban communities.
Rachid Saud Al-Jadoua, Waheej CEO, said Citydom will introduce a new real estate model that blends contemporary design, sustainability, and cultural identity, aiming to meet the evolving needs of Saudi families. Meanwhile, Abdallah Sallam, Madinet Masr CEO, added that the partnership establishes a solid platform to create innovative communities aligned with the Kingdom’s future vision.
