In a major milestone for its expansion in the Gulf real estate sector, New Event Developments has announced the complete sell-out of the first phase of its residential project “Sakan View 1” in Saudi Arabia, completed in record time.

Building on this success, the company has officially launched its second project in the Kingdom under the name “Sakan View 2.”

The move reaffirms New Event’s strategic vision to expand its footprint in Saudi Arabia’s booming property market, known for its investment stability and growing demand for high-quality housing.

Strong Customer Demand Fuels Rapid Sell-Out

Dr. Hamid Al-Rgwy, Chairman of New Event Developments, expressed that the swift sales performance reflects the company’s ability to deliver premium residential solutions that resonate with clients.

“The success of Sakan View 1 confirms the strength of our product offering and the trust we’ve earned in the market,” Dr. Al-Rgwy stated.
“We are excited to bring Sakan View 2 to the Kingdom as part of our regional growth strategy.”

He emphasized that New Event’s expansion in Saudi Arabia is backed by its experience in delivering landmark projects in Egypt, and the launch of Sakan View 2 marks a significant addition to its growing portfolio.

Sakan View 2: A New Benchmark for Urban Living

Eng. Mohamed Al-Asry, CEO of New Event Developments – Saudi Arabia, highlighted that Sakan View 2 will set new standards in urban integration, offering a modern lifestyle with a full range of amenities and services.

“This project reflects our deep understanding of the Saudi market and its evolving needs. We are committed to delivering not just homes, but holistic living experiences,” Al-Asry noted.

He added that the company’s expansion in the Kingdom is based on the strong fundamentals of the Saudi real estate market, which continues to attract investors due to its stability, growth potential, and consumer demand.

Focus on Long-Term Client Relationships

.New Event Developments has made client trust and satisfaction a cornerstone of its strategy

:The company pledges to

Deliver projects on schedule

Offer flexible payment plans for various income segments

Provide ongoing after-sales service to ensure a seamless customer experience

“Our mission is to build long-lasting relationships with our clients by ensuring value, trust, and quality throughout the entire homeownership journey,” Al-Asry concluded.

About New Event Developments

New Event Developments is a leading real estate development company with a strong presence in Egypt and the Gulf region, known for delivering innovative residential projects that blend modern design, integrated services, and community-focused living.