Maz Real Estate has signed two strategic agreements during the Cityscape Exhibition, bringing together Nama Capital and Aqarat Development & Investment Company, with a total value exceeding SR1.24 billion.
The first agreement, valued at SR1 billion, was signed between Maz Real Estate and Nama Capital to establish a series of specialized real estate investment funds.
The second agreement, valued at SR240 million, was signed between Maz Real Estate, Nama Capital, and Aqarat to develop a distinguished real estate project in one of Riyadh’s key urban zones—supporting the growth of the real estate sector and enhancing the sustainability of future developments.
The agreements were signed by Fares Al-Sawwaf, executive vice president of Aqarat Development & Investment, Zaid Al-Subaie, CEO of Maz Real Estate, and Bassam Al-Bassam, head of Real Estate at Nama Capital, during the Cityscape Exhibition, marking a collaborative framework aimed at developing high-impact projects and launching specialized real estate funds that contribute to strengthening the national property market.
These agreements represent a pivotal step in enabling high-value investments within the real estate sector.
Through a set of targeted investment funds, the partnership aims to develop sustainable residential and commercial projects in collaboration with Nama Capital, which is one of the leading asset management firms with extensive experience in real estate investment.
Over the years, Nama Capital has created successful investment opportunities that delivered attractive returns and enriched local communities in partnership with strong real estate developers, aligning with the rapid transformation of the sector and supporting Vision 2030’s goals of diversifying investment opportunities, improving quality of life, and building innovative and attractive urban ecosystems.
These partnerships come as part of the strategic direction of Maz Real Estate to enhance its competitiveness and expand its footprint through investment solutions that support the sustained growth of the national real estate sector, with a strong emphasis on developing human-centric, high-quality, and sustainable real estate products.
Maz Real Estate CEO Zaid Al-Subaie emphasized that the agreements align with a clear development roadmap aimed at enhancing sector efficiency through diversified investment models.
He added that the company is strengthening its presence through projects that create positive urban impact and embed sustainability as a core principle across all future initiatives.
He noted that these partnerships reflect the company’s commitment to delivering an integrated development experience that places the customer at the center of every decision.
Nawaf Al-Eid, chief investment officer at Maz Real Estate, said that establishing these real estate funds presents a significant opportunity to maximize the value of investment instruments.
He noted that the funds will open new avenues for beneficiaries to participate in long-term, high-value real estate opportunities that enhance quality of life.
He added that Maz aims through this step to build a more diverse and responsive investment ecosystem capable of keeping pace with the sector’s rapid growth, creating high-impact opportunities, boosting the local economy, and elevating the efficiency of the real estate market.
Nama Capital CEO Hisham Manna said that these strategic partnerships reflect Nama Capital’s commitment to supporting the Kingdom’s urban transformation and developing investment solutions that align with market aspirations and deliver sustainable value for investors.
He added that the agreements extend the company’s role in enabling high-impact real estate funds that contribute to enhancing the quality of life and promoting innovation and governance in the development sector.
Bassam Al-Bassam, head of real estate at Nama Capital, emphasized that these agreements align with Nama Capital’s strategic direction to expand its activities within the real estate sector through well-studied investment solutions targeting high-growth areas.
He added that the company is currently focusing on developing distinguished projects that elevate the urban landscape and enhance the quality of real estate offerings in partnership with highly capable developers.
Maz Real Estate affirms that these agreements represent a major milestone in advancing innovation in real estate development, reaffirming its commitment to the highest standards of quality, governance, and sustainability, and strengthening its role as a key real estate developer contributing to the creation of integrated urban environments that support sustainable development.
