Shadaf Real Estate Signs Strategic MoU with Al Saedan Development to Collaborate on Future Projects in Riyadh

Riyadh, Saudi Arabia —
Shadaf Real Estate has officially signed a Memorandum of Understanding (MoU) with Al Saedan Development (DEVS), marking the beginning of a strategic collaboration aimed at developing a number of upcoming infrastructure and residential projects in Riyadh.

This partnership reflects both companies’ commitment to contributing to the continued growth of Saudi Arabia’s real estate sector and supporting the ambitious goals of Vision 2030, which continues to transform the Kingdom’s urban and economic landscape.

Through this agreement, Shadaf Real Estate and Al Saedan Development will work closely together to identify, plan, and develop high-quality projects that combine modern urban design, strong infrastructure, and sustainable development principles.

The collaboration will initially focus on residential communities and supporting infrastructure developments within Riyadh, with several projects currently under preparation and expected to be announced in the near future.

Shadaf Real Estate brings extensive expertise in real estate development, project structuring, and investment planning, while Al Saedan Development contributes decades of experience as one of the Kingdom’s established developers.

Together, the two companies aim to deliver developments that create long-term value for investors, residents, and the wider community.

This MoU represents an important step toward building a long-term partnership between the two organizations, paving the way for future opportunities in Riyadh’s rapidly expanding real estate market.

Further announcements regarding upcoming projects will be shared in due course.