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Akam Al Rajhi Developments
Company Profile
About the Company
Akam Al Rajhi Developments is the result of a strategic partnership between Al Rajhi Group – Saudi Arabia and Akam Developments, an Egyptian joint-stock real estate development company.
This partnership was officially announced between Mr. Abdulwahab Saleh Al Rajhi, one of the leading investors in the Kingdom of Saudi Arabia, and Akam Developments, with the aim of establishing a strong real estate entity that combines regional expertise with solid financial capabilities.
Partners
Eng. Saad Al Ghaithi
Chairman of Al Mohayed Holding Contracting Company – Saudi Arabia
Eng. Essam Mansour
Chairman of Residence Developments, developer of Aroma El Sokhna Compound and Elite Tulip Hotel – El Sokhna
Eng. Idris Mohamed
Owner of Dar Al Benaa Al Araby Contracting Company, with affiliated entities including:
Banayat Real Estate and Edress Innovation Research Center
Akam Developments Track Record
Akam Developments has successfully developed two residential projects in the New Administrative Capital:
Scenario Residential Compound
Scene 7 Compound
Both projects have been fully developed, with the first phase already delivered.
Akam Al Rajhi Partnership
A separate entity was established under the name Akam Al Rajhi Developments, in partnership with Al Rajhi Group – Saudi Arabia, to develop the company’s first project on the North Coast, DOSE, located in one of the most prime and distinguished locations in the area.