Riyadh – Sharikat Mubasher: Cairo-based real estate developer El Attal Holding plans to build between 800 and 1,200 residential units in a gated compound in north Riyadh, in partnership with Saudi Arabia’s National Housing Company (NHC).
Ahmed El Attal, the Chairman, stated in an interview with Asharq News that the project will target upper-middle-income buyers.
El Attal’s announcement comes amid growing momentum from major Egyptian developers entering the Saudi market to capitalize on the Kingdom’s ongoing urban expansion. Over the past two years, firms such as Talaat Moustafa Group, Mountain View, and others have all signed or explored partnerships in cities like Riyadh, Jeddah, and NEOM.
Beyond Saudi Arabia, El Attal revealed plans to launch a new project in Oman after six months of feasibility studies. The firm aims to build 2,500 housing units—including luxury villas and townhouses—on a 600,000-square-meter site in Muscat.
The company also intends to list 28% of its shares on the Egyptian Exchange (EGX) in Q3 2025, with CI Capital managing the IPO. Last year, Al Attal achieved EGP 12 billion in sales and targets EGP 20 billion in 2025, after securing EGP 10 billion in the first half of this year alone.
