EDIC Development Expands into Saudi Real Estate Market with Landmark Project in Medina
EDIC Development has officially announced its entry into the Saudi real estate market through a strategic partnership with investor Rabah Al-Khatib to develop the Al Sultan Residence project in Medina.
This major development marks a significant milestone in the company’s regional expansion strategy, strengthening its presence across the Middle East and reinforcing its investment footprint in high-growth real estate markets.
The project covers an area of 35,500 square meters and is designed as a mixed-use residential and commercial development, featuring luxury villas and integrated commercial spaces. It aims to deliver a modern, sustainable community aligned with Saudi Arabia’s urban development vision and rising demand for premium housing in Medina.
Al Sultan Residence: Luxury Mixed-Use Development in Medina
Dr. Amr Zaki, Chairman of EDIC Development, stated that the project is being developed according to the latest international urban planning and architectural standards, ensuring a high-quality residential experience.
He confirmed that the company is currently in the final stage of completing the design phase, with the launch of the first development phase scheduled for July. The project responds to increasing demand for luxury residential communities in Medina, one of the fastest-growing real estate markets in Saudi Arabia.
Strategic Expansion and Real Estate Investment Diversification
The chairman emphasized that the Al Sultan Residence project represents a strategic entry point into the Saudi market, supporting EDIC Development’s broader plan to diversify its real estate investment portfolio across promising regional markets.
He also highlighted the company’s established portfolio in Egypt, which includes:
- Clavel 1 & Clavel 2 – Sheikh Zayed
- Celestia Mall – Dahshur Link Road
- DR5 Mall – New Cairo
These projects demonstrate EDIC Development’s expertise in delivering mixed-use, residential, and commercial real estate developments across multiple sectors.
Strengthening Presence in Saudi Arabia: Jeddah, Riyadh, and Medina
Hatem Adel, General Manager of EDIC Development, confirmed that the company’s expansion strategy includes establishing sales offices in Jeddah, Riyadh, and Medina.
This initiative aims to:
- Strengthen direct client engagement
- Improve investor relations
- Accelerate project execution
- Enhance marketing efficiency in the Saudi real estate sector
Rabah Al-Khatib: Boosting Arab Real Estate Investment Cooperation
Rabah Al-Khatib stated that the partnership marks an important step in strengthening Arab cooperation in real estate development.
He noted that both the Egyptian and Saudi real estate markets are experiencing strong growth, creating opportunities that require deeper collaboration and knowledge sharing between regional developers and investors.
He further added that partnering with an experienced developer such as EDIC Development enhances project quality, execution efficiency, and overall investment value, paving the way for future joint developments aligned with Saudi Arabia’s urban development plans.
Long-Term Vision for Al Sultan Residence Project
Al-Khatib concluded that the Al Sultan Residence project represents the beginning of a long-term strategic investment partnership between both parties.
The vision focuses on developing sustainable real estate projects that deliver strong economic and urban returns while reinforcing the role of Arab partnerships in shaping the future of the regional real estate sector.
