Logo of ASAS Makeen Real Estate Development Co.
ASAS Makeen Real Estate Development Co. signed a memorandum of understanding (MoU) with Abdulaziz & Saad Al Moajil Trade & Investment Co., in line with its strategy to expand within the real estate development sector.
The MoU aims to form a strategic partnership to jointly develop high-quality residential and commercial units that meet current market demand, the company said in a statement.
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The three-month agreement involves developing a range of real estate units, leveraging both companies’ expertise to boost the added value of future projects, the statement added.
ASAS Makeen expects the collaboration to support growth and diversify its real estate portfolio, adding that any material financial impact will be disclosed in due course.
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