In partnership with Majd Investment Company
Seef Properties announced the start of the design phase for its mixed-use real estate project in Dammam, which marks the company’s first step in its expansion into the Saudi market, and is carried out in partnership with Majd Investment Company. The project is part of Seef Properties’ strategic plan to maximize shareholder value and drive sustainable growth by entering new markets in the region, in line with its approach of investing in promising opportunities and expanding its entertainment and hospitality portfolio in Saudi Arabia.
The development is one of the most significant initiatives in the Eastern Province, aiming to create an integrated destination featuring residential, commercial, entertainment, and office facilities built to the highest standards of comfort and sustainability. This move follows a strategic agreement signed during last year’s Cityscape global exhibition in Riyadh and represents a milestone in strengthening Seef Properties’ regional presence.
With the project now in the design phase, a team of leading international and local consultancy firms has been appointed to oversee its development. Benoy Limited, a global architecture firm, will handle the master plan, architectural, and interior design. Mohamed Salahuddin Consulting Engineering Bureau (MSCEB) will provide all engineering design services and supervise on-site construction. Cracknell Landscape Design LLC, a renowned urban design and planning firm, will design the project’s green and outdoor spaces. Impact Consulting Engineers will serve as the appointed architectural engineering office responsible for securing official approvals. Mashari Al Shathri Engineering Consultants (MISSION), a Saudi firm, will conduct the traffic studies. Haj Gulf, a specialist in project and cost management, will oversee project and cost management services.
Seef Properties Chief Executive Officer, Ahmed Yusuf said: “This step reflects our commitment to delivering high-quality projects with a positive impact that support economic and social development, especially in the Saudi market, which is one of the most promising destinations for growth in the retail, hospitality, and entertainment sectors. Advancing the project to the detailed design phase is a key milestone in realizing our vision of developing innovative urban destinations. We will continue to leverage our expertise, in collaboration with Majd Investment Company, to deliver a project that sets a benchmark for enhancing the investment environment and creating added value for the region.”
Majd Investment Company CEO, Mahmood Al Kooheji said: “We are pleased to partner with Seef Properties on this ambitious project, which brings together Bahraini and Saudi expertise to develop an integrated urban destination that meets the expectations of the local market. We are confident that this collaboration will result in a distinctive development that enhances the Eastern Province’s position as a comprehensive center for investment, commerce, and living.”
This unique Saudi Arabia project aims to create a vibrant environment that seamlessly integrates living, working, and leisure, with a strong focus on sustainability and quality of life. It will include retail and dining outlets, hotel services, and a family entertainment center, spanning a total area of approximately 78,000 square meters.