Asteco Saudi Arabia Makes Cityscape Debut in Riyadh

Asteco Saudi Arabia, the first and only Asteco franchisee in the Kingdom, and the main real estate division of the Rabiah & Nasser Group (RANCO), a leader in the Saudi construction, industrial and real estate industry, attended their inaugural Restatex Cityscape exhibition in Riyadh International Convention & Exhibition Centre recently.

John Stevens, Managing Director, Asteco, said: “Restatex Cityscape Riyadh is the largest and most prominent real estate exhibition held in the Kingdom. The event provided Asteco KSA with the perfect platform to showcase our latest project in Dubai; The Address Residences Jumeirah Resort & Spa. The response we had to this development was incredibly positive.”

The real estate exhibition and urban forum in Riyadh brings together investors, developers, government officials, financial institutions and real estate professionals from KSA and the wider Gulf region, all under one roof.

The show was officially opened by the Minister of Housing for KSA, HE Majed Al-Hogail, who spent time at the Asteco KSA stand – the only non-Saudi stand he visited – where he was welcomed by Ahmed Albader, General Manager of Asteco KSA.

Albader said: “We are extremely proud to bring the Asteco brand to the Kingdom, our extensive experience and solid reputation in the region is perfectly aligned with Asteco, creating a mutually beneficial partnership. Attending our first Cityscape under the Asteco banner not only underscores our commitment but also sends out a clear message that we’re here to do business and make our mark in the Saudi real estate market.”

RANCO is recognised as one of the key driving forces behind Saudi Arabia’s positive urban development. Projects developed include residential and compound properties in Riyadh and Al Khobar, as well as commercial office complexes in Riyadh, Al Khobar and Jeddah.

Currently, Asteco has many franchises across three different countries in the GCC, including Property Concierge, Haxxon Real Estate and Savana Homes Real Estate in Dubai, as well as Jordan based Astra Plaza. All franchisees benefit from more than three decades of real estate experience earned by Asteco. Franchisees can also capitalise on a tailored set-up support service, free regular professional training and regional brand visibility while tapping into an enviable Residential and Commercial, Sales and Leasing portfolio.

To find out more about franchise opportunities with Asteco, please call +971 600 547773 or visit www.asteco.com