Principal Sponsor

Established in 2007, Sumou Real Estate is an owned subsidiary of Sumou Holdings, and operates from offices in Makkah, Jeddah, and the Eastern Province within Saudi Arabia.

Over the past year, Sumou has established a basic infrastructure in Makkah, Jeddah, and Al-Khobar to support its operations. The Jeddah office is likely to become its Head Office, in future.

Sumou currently has five ongoing projects in the Kingdom, across commercial, residential, and mixed use segments, four of which have been set up in collaboration with other partners.

While Sumou has been actively involved in Real Estate Development, it now aspires to also take on a more active role in the financing of major Real Estate projects.

Sumou’s development activities have largely been focused on the identification, evaluation, development, and management of its real estate investments.

Founding Sponsor

Ewaan Global Residential Company was established in 2007 as a joint venture of a number of organizations and businessmen, led by the Islamic Corporation for the Development of the Private Sector - a member of the Islamic Development Bank-, Al Nemou Real Estate Co, Pension Funds and International Investment Bank.

The company vision is to cater to the needs of middle income group by developing integrated residential compounds with high quality and competitive prices.

The company seeks to continue building up its series of alliances with reputed and renowned international organizations and entering strategic partnerships with these entities in all management, technical, financial and marketing aspects.

The company’s maiden project is a mega residential city comprises of 2500 residential units and integrated facilities and services. Situated in the north west of Jeddah, the SR 1.2 billion project is scheduled for construction by end of 2008.

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