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Safa Investment and Mohammed Al-Habib Holding have announced their strategic partnership with the launch of the "Safa Oasis" project during the inauguration ceremony held on the evening of Saturday, June 1 2024, in the Hittin district of Riyadh. The project comprises 28 buildings, 406 residential units, and 6 commercial outlets, spanning a total area of 31,627 square meters. The gardens and landscapes extend over 5,576 square meters, and the oasis boasts proximity to essential services, healthcare, educational and sports facilities, and significant touristic, commercial, and historical landmarks in Riyadh. Notable nearby landmarks include the new Boulevard, just three kilometers away, Al Makan Mall at four kilometers, the new Square at five kilometers, the historic Diriyah at eight kilometers, the Sports Track at eleven kilometers, and the Metro Station at nineteen kilometers.
During the event, officials from both companies expressed their delight in launching this project, reflecting their shared vision to develop the real estate sector and enhance its role in supporting the national economy. They affirmed that the "Safa Oasis" project is a significant step toward achieving the goals of Saudi Vision 2030, which focuses on promoting quality investments in the real estate sector. They added that the "Safa Oasis" project serves as a model for modern real estate development projects that aim to provide an integrated and advanced residential environment, designed to the highest global standards to be an ideal destination for luxurious living and stability.
This strategic partnership between Safa Investment and Mohammed Al-Habib Holding comes at a time when the real estate sector in the Kingdom is experiencing rapid growth, highlighting the importance of private sector partnerships in achieving sustainable development. It also underscores the commitment of both companies to support national objectives and contribute to building a prosperous economic future for the Kingdom. This partnership aligns with the efforts of both companies to enhance the role of the private sector in quality investments in the real estate sector and support the local economy.
