sponsors 10
Principal Sponsor Founding Sponsor Inaugural Sponsor
Sumou Ewaan Global Aqarat
Real Estate Residential Real Estate
Company Development Co.
Established in 2007, Sumou Real Estate T_he company was established in 2007 Part of the Omer Kassim Alesayi Group
is a fully-owned subsidiary of Sumou as a joint venture between a number of companies, which was established
Holdings and operates from offices in the of organisations and independent in 1945, Aqarat Real Estate’s vision is
cities of Makkah and Jeddah, as well as businessmen, led by the Islamic based on creative innovation through a
within Saudi Arabia’s Eastern Province. Corporation for the Development of comprehensive future vision that looks
During 2008, Sumou established a the Private Sector (a member of the at regional economics and a global
basic infrastructure in Makkah, Jeddah, Islamic Development Bank), Al Nemou perspective in order to drive prosperity
and Al-Khobar in order to support Real Estate Co., Pension Funds and the and contribute to national development
its operations. The Jeddah office is International Investment Bank. through the provision of quality
positioned to potentially become the Ewaan’s vision is to cater to the services to meet the requirements of
group’s headquarters at a later date. needs of the middle-income market Saudi society, now and in the future.
Sumou Real Estate currently has five through the development of integrated The company’s objectives include
ongoing projects across the Kingdom residential compounds that offer high the establishment of a perfect root
with developments in the commercial, quality and competitive prices. model for real estate investment;
residential and mixed-use sectors; The company seeks to continue development of new industry
four of which have been set up in to build up its series of strategic concepts; upgrading of the level of real
collaboration with other partners. alliances with reputed and renowned estate services; development of land
The company’s development international organisations, and enter as a foundation for real estate wealth
activities to date have largely into strategic partnerships with these and ROI maximisation.
been focused on the identification, entities across all aspects of operation Aqarat’s varied service portfolio
evaluation, development, and including management, technical, encompasses land development and
management of its investments. financial and marketing. construction across all asset classes;
While Sumou has been actively Ewaan’s maiden project is a mega- marketing and sales; assessment
involved in physical real estate residential city comprising 2,500 of facilities and property valuation;
development, it now aspires to take on residential units along with integrated property management and real estate
a more active role within the realms of facilities and services. Situated in the consultancy. Additionally, the company
real estate project financing. north-west of Jeddah, the SR1.2 billion is able to provide expertise in the area of
project began construction at the the establishment and management of
end of 2008. real estate portfolios and funds; building
and construction of villas and residential
complexes; real estate financing through
a wide selection of facilities programs
and feasibility studies.
PREVIEW Cityscape Saudi Arabia
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