Riyadh, 13 November 2012: Maskan Arabia Real Estate Development Company won the award of the Best Development Company for Multiple Residential Units in Saudi Arabia, within the Arabian Property Awards, the most prominent category of international awards in the field of real estates around the world and one of the most important real estate competitions taking place in the region. Maskan Arabia also qualified for the award, the results of which will be announced at the end of the running year.

The award was received by Eng Hossam Rashoudi, CEO of Maskan Arabia during the property awards ceremony in Dubai, which was held yesterday evening in the presence of presidents and CEOs of major real estate companies and decision-makers in the region. On the other hand, the results of International Property Awards will be announced in a ceremony to be held in London later this year, where award-winning Arab companies will compete with their counterparts in Asia-Pacific, Africa, the Americas and Europe to determine the best companies globally in each category of the competition.

The award committee believed that the residential units implemented by Maskan Arabia met the strictest international standards with a touch of beauty that highlighted Andalusian, Ottoman and Moroccan Islamic architecture designs. The designs, in turn, reflected the idea of ​​tradition and modernity at the same time, and took into account the quality of finishing with the best international construction finishing materials, as well as the selection of sites that provide occupants with ease of movement by having access to the main roads of the city and due to its proximity to significant places, in addition to their safe environment.

Moreover, The committee considered that the multi residential projects implemented by the company such as "Maskan Villa 1 and Maskan Villa 2" in north Riyadh, the Dar project in the neighborhood of Moather in Riyadh and the project of BOMINVEST Maskan Arabia in north Riyadh, formed in its entirety a quality architectural transition adding to the civilized scene of the city and marked durable construction quality in accordance with the highest engineering and building standards and the choice of construction materials.

On this occasion, Eng Hossam Rashudi, CEO of Maskan Arabia said that, "we  Very proud to represent the Kingdom of Saudi Arabia in the 2012 Arab and African Award ceremony and we are honored that Maskan projects are recognized regionally. Winning this international award means that Maskan outperformed a number of the most important and most competitive companies in the Arab region. Being nominated for the international prize marks an important indicator of the company's excellence and its work according to international standards".

He added that, "it is the most prestigious international award in the field of real estates. Our continued success reflects our commitment to provide the Saudi market with world-class development projects. Winning the best company specializes in developing multi-residential projects is a great international testimony for the company, which demonstrated high levels of quality and excellence in its business fields and have demonstrated its ability to overcome its competitors from among largest real estate companies. This global honoring puts Maskan Arabia on top of the global real estate sector".

He emphasized that winning the Arab Property Award and being qualified to compete on the international award, the results of which will be announced by the end of this year, is a reiteration of the high quality and exceptional standards adopted by Maskan in developing its residential projects. Once again, it highlights the company's status as one of the most prominent property development companies in Saudi Arabia and the region as a whole, being recognized globally".

Eng Rashoudi added that, "Maskan's achievement is a new success in the company's track record containing many awards, whereas the Arabian Property Awards are considered part of the prestigious International Property Awards. The slogan of the winning companies in one of these awards remains a symbol of excellence in its field worldwide, while winning one of these awards is strong evidence that Maskan Arabia is able to outperform the best and most powerful competitors in its field within the Middle East".

On the other hand, Mr. Stuart Shield President of the International Property Awards said, we have received several participations from Ten Arab States, including Iraq which takes part for the first time. The general level of participating companies was very high, meaning that any winner of one of these awards has demonstrated a high level of professionalism and efficiency in its field".

He emphasized that the companies that obtained the Arabian Property Award will compete later this year with other winning companies from Asia-Pacific, Europe, South and North American, and African to win the best international ranking of each category. He also indicated that adding a new category of the international award to the Arab World and Africa represent a positive step towards evaluating the projects of these regions and confirms confidence in the property markets in the Middle East and Africa.

Maskan Arabia Investment and Development Outline
The company was established in 2008 and has become one of the leading companies in the kingdom.  It has high potential development in terms of organization, investment and management.  Maskan Arabia is committed to provide its clients with services that are outstandingly elegant, long-life and authentic in a modern style. It has a unique advantage compared to other real estate development companies since it provides a full range of integrated home development solutions under one roof providing options of quality site locations that have been carefully selected, with the best building materials and finishing according to international standards.  The strategy of Maskan Arabia intends to build smaller projects of villas and apartments that have guaranteed results and are easy to manage.  This has given the company the exposure, high reputation and the confidence of customers, in addition to achieving 100% sale of its projects within a short span of time.

For more information, please contact:
Badi Albadrani & Shaik Waheed
MPR PR  
T: +96614554033, Ext. 224
Email: badi@mpr.com.sa  / shaik@mpr.com.sa
M: 00966 500559009

© Press Release 2012