In a strategic step toward enhancing integrated urban development in Saudi Arabia, Tatweer, a real estate development company, announced the signing of an MoU with ROSHN Group, during the Cityscape Global 2024 in Riyadh. This partnership will expand collaboration to implement ambitious, multi-use residential projects in Makkah, specifically in the Al-Manar community. The initiative aligns with the objectives of Saudi Vision 2030, contributing to an enhanced quality of life by establishing new standards in urban development.

The initiative is part of Tatweer’s strategy to drive urban transformation in the Kingdom and deliver real estate solutions that meet future needs. Through this MoU, Tatweer strengthens its strategic partnerships to support sustainable development and create urban environments that reflect the aspirations of Saudi society.

Abdulaziz Al-Zamil, Tatweer’s chief business development officer, said: “Signing the MoU with ROSHN Group is a key step in realizing our vision of building integrated and sustainable communities. Our partnership with ROSHN Group embodies our commitment to developing high-quality projects that provide economic and social value to the Kingdom and contribute to achieving Vision 2030 goals.”

Yassen Kattan, head of strategic management and corporate affairs at ROSHN Group, added: “We are proud of our partnership with Tatweer, which has demonstrated leadership in real estate development in the Kingdom. Through this MoU, we aim to achieve joint accomplishments that support residential environments and contribute to the growth of the local economy.”

This collaboration is expected to generate significant positive impacts, including the creation of local job opportunities and support for urban development across various regions of the Kingdom, solidifying Tatweer’s role in leading urban transformation and creating communities that align with the ambitions of Vision 2030.

Tatweer has developed several iconic communities across the Kingdom, such as Laysen Valley, ROSHN Front, and The Business Gate, among others.

Nesma and Partners, a contracting company in Saudi Arabia, has announced a new joint venture with MAN Enterprise, a globally recognized construction and project management firm. This strategic partnership will drive forward the Diriyah project, a landmark development transforming the Diriyah district into a world-class destination, celebrating the rich history of Saudi Arabia.

The joint venture will strategically optimize resources, enabling the team to self-perform critical structural and finishing activities, significantly reducing reliance on subcontractors. Nesma and Partners, with its expertise in delivering large-scale megaprojects, brings a proven track record of impactful, high-quality projects. Combined with MAN Enterprise’s experience in high-end building construction, familiarity with Diriyah Company and their insights into local regulations and client needs, this collaboration will enhance the JV’s ability to achieve exceptional results.

This collaboration will bring to life critical components of the Diriyah projects, which offer a dynamic mix of entertainment, retail, education, business, and residential spaces, including hotels, dining options, and cultural attractions. This will enrich the Kingdom’s future by enhancing its global appeal and supporting economic growth.

Samer Abdul Samad, president and CEO of Nesma and Partners, said: “This joint venture is more than a partnership; it’s a shared commitment to bringing the Diriyah vision. Together, we will create a destination that not only honors the rich cultural heritage of Diriyah but also aligns with the objectives of the Kingdom’s Vision 2030, contributing significantly to the Kingdom’s transformation and its emerging role on the global stage.”

Diriyah, set to become the Kingdom’s “historic hub,” will showcase more than 300 years of history through a blend of heritage, culture, and modernity. The project will integrate world-class international brands with unique dining experiences and traditional local retail, making it a prime destination for Riyadh’s residents and international visitors alike. The districts of Diriyah will blend modern urbanist ideas with the historic Najdi architectural style, offering luxury hospitality experiences that reflect the rich cultural heritage of Diriyah and Wadi Hanifah. This aligns with the Kingdom’s goals to promote cultural preservation and tourism.

Patrick Abi Nader, CEO of MAN Enterprise, said: “Our partnership with Nesma and Partners embodies our shared commitment to quality and our strategic vision for the success of the Diriyah project. This collaboration unites our expertise, resources, and innovation, ensuring the project is executed to the highest standards and serves as a testament to our shared values.”