User:Almajdiah/Almajdiah Residence

Almajdiah Residence
Almajdiah Residence’s beginnings were in the late 1960s of the last century. Its works have recently emerged as a result of the development and renaissance of the Kingdom in general, and Riyadh in particular.

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The beginnings of what we witness today of the Almajdiah Residence projects were in 1969, individually by Sheikh Abdulrahman bin Nasser Al Majid, may Allah grant him mercy. As he worked partly in the field of real estate and the construction of residential and commercial buildings in the city of Riyadh, his business was simple at that stage. Then it developed with the boom that occurred in Saudi Arabia during the reign of King Khalid, and the beginning of the reign of King Fahd, may Allah grant them mercy.

After the death of Sheikh Abdulrahman, his eldest sons followed the same strategy as their father in real estate and its development. In late 1999 they established the real estate company Mohammed and Khaled Sons of Abdulrahman Al Majid. The company was the first turning point in the beginning and expansion of their business. It included several real estate activities, such as the development and planning of raw land, residential villas, residential buildings, and commercial and office buildings. They also worked in real estate purchase, sale, leasing, and management. The business expanded outside the city of Riyadh and included Al-Khair, Dhahran, Jeddah, Makkah, and Madinah.

After that, they dispersed to the rest of the brother companies working in the same field:

·  	Hussam and Majed Sons of Abdulrahman Al Majid Real Estate Company

·  	Nasser and Abdulsalam Sons of Abdulrahman Al Majid Real Estate Company

·  	Abdullah bin Abdulrahman, Al Majid Real Estate Company

This is considered to be the second turning point in their path, as at that stage the business moved forward towards further expansion, and became more specialized. At that time, the focus was on the apartment property business due to the transformations and developments occurring in the commercial market and Saudi society. The Saudi market needed to offer suitable housing for small families wanting to meet their needs.

In 2018, the third and most important turning point occurred in the process, with the merger of the four companies into one united and more effective company in the Saudi market. They aimed to achieve their vision and strategic objectives by working with the nation on its vision and aspirations. This led to the birth of the Almajdiah Residence brand in its current form, with institutional and professional work with Saudi cadres and competencies.

Almajdiah Residence Vision, Objectives, and Values:

Vision

Vision
The company's vision is to achieve leadership in the field of real estate development and investment and to be the first developer to implement housing units in the Kingdom of Saudi Arabia, with specifications and standards appropriate to this stage. It aims to provide facilities and create more opportunities for Saudi citizens, enabling them to own homes.

objectives

 * ·  	Improve the quality of buildings.


 * ·  	Raise the quality of life for the community


 * ·  	Create a stimulating environment for innovation.


 * ·  	Embrace social responsibility.

values

 * Integrity: It emphasizes its firm commitment to business ethics in all its businesses, adopting practices of self-discipline, honesty, fairness, and safety.


 * Respect and Valued Relationships: It respects the cultural diversity of individuals and their right to lead a dignified life; it encourages and supports human development.


 * Transparency:  It accepts full responsibility for all company business; it communicates objectively and openly with all types of business practiced.


 * Flexibility: It operates with flexibility and efficiency, making bold decisions that advance our clients’ interests.


 * Trust and Credibility - It improves its credibility and standing with its clients.


 * Sustainability: It aims to find solutions that guarantee the sustainability and continuity of the company to meet any challenges that might arise in the face of its goals.

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Almajdiah Residence has been able to take on the task of implementing many real estate projects in the Kingdom of Saudi Arabia. Due to its righteous decision-making during the establishment stages and even afterwards, when the company was involved in the execution of large and diversified real estate projects, the number of projects that have been completed in recent years has been:

·  	More than 1 million meters developed.

·  	More than 220 projects implemented.

·  	More than 850 buildings.

·  	More than 12,000 housing units.

Almajdiah Residence and the Vision of the Kingdom of Saudi Arabia 2030
Almajdiah Residence is interested in proving its effectiveness and its keenness to offer facilities that contribute to the achievement of the 2030 vision. Starting with its interest in choosing plans with integrated and equipped infrastructure to start construction. It has not neglected to meet the needs of  Saudi citizens by providing high-quality, ready-to-purchase housing units at competitive prices, where large areas are available with the best means of comfort and safety. It has also worked on reinforcing relations with banks and real estate finance companies and cooperating with the Ministry of Housing, all this to offer real estate ownership opportunities for Saudi citizens in proportion to their average annual income.