Memar Development & Investment

Overview

Memar Development & Investment, established in 2007, is a private investment firm based in Riyadh, Saudi Arabia. The company focuses on real estate development and investment, encompassing commercial, residential, office, and hospitality sectors. Guided by the motto 'Developing to enhance life,' Memar aims to create value and maintain profitability through well-crafted real estate management services and sophisticated investment structuring criteria. The firm's portfolio includes various projects in the hospitality and entertainment sectors, contributing to the urban landscape of Saudi Arabia. Memar's strategic priorities involve developing hotels in strategic locations, providing properties that meet market needs, and forming partnerships with leading local and international hotel operators. In May 2023, Memar signed an agreement with Dur Hospitality to operate two Nur by Makarem hotels in Makkah, reflecting its commitment to enhancing the hospitality experience in the Kingdom.

Investment Focus

• Focus on real estate development and investment projects in Saudi Arabia
• Preference for partnerships with established local and international hotel operators
• Commitment to projects that align with Saudi Vision 2030 objectives
• Emphasis on quality design and construction standards
• Interest in projects that contribute to the urban development and tourism sector in Saudi Arabia

Portfolio Companies