Seef Properties, a leading Bahrain-based developer, has announced that it has started the design phase of its inaugural project in Saudi Arabia, a 78,000sq m mixed-use development in Dammam, in partnership with Majd Investment Company.
The project, located in the Kingdom’s Eastern Province, marks Seef’s entry into the Saudi market and is part of its regional expansion strategy to boost shareholder value and diversify its portfolio, the company said in a statement. It will feature residential, commercial, hospitality and entertainment components, including retail outlets, hotel services and a family entertainment centre.
The move comes following a strategic agreement signed by 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 work, while Mohamed Salahuddin Consulting Engineering Bureau (MSCEB) will provide all engineering design services and supervise on-site construction. Cracknell Landscape Design, a renowned urban design and planning firm, will be responsible for designing the project’s green and outdoor spaces, said the statement from Seef Properties. Impact Consulting Engineers will serve as the appointed architectural engineering office responsible for securing official approvals.
“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,” remarked its CEO Ahmed Yusuf .
