
Dubleuse and RIVA Development ink joint venture to develop flagship real estate projects in KSA
• Dubleuse Signs Joint Cooperation Agreement with Saudi “RIVA Development” Under the Patronage of the Egyptian Embassy in KSA
Cairo, January 29, 2025 – Dubleuse, the leading real estate company, has proudly announced the signing of a joint venture agreement with RIVA Development, the major Saudi Arabian company. The agreement, under the patronage of the Egyptian Embassy in Saudi Arabia, aims to foster collaboration between the two companies to develop diverse real estate projects in the Kingdom, with investments totaling SAR 2.5 billion and it spans 10 years.

Dubleuse and RIVA Development ink joint venture to develop flagship real estate projects in KSA
The agreement was signed by Eng. Moaaz Wessam Al-Din, the Chairman of Dubleuse, and Eng. Mugbel AL Thukair, the Chairman of RIVA Development. The signing ceremony was attended by Mr. Diaa Hamad, Deputy Egyptian Ambassador to Saudi Arabia, officials from both companies including Mr. Ibrahim Moaaz Wessam Al-Din, Managing Director of Dubleuse, Dr. Jalal Sheikh, Director of Business Development at Dubleuse, and several of well-known Saudi businessmen.
This partnership echoes the long-standing relations between Egypt and Saudi Arabia across various sectors (political, economic, commercial, and social). Both parties expressed their enthusiasm with the fruitful cooperation and their eagerness to strengthen Egyptian-Saudi relations at all levels. This agreement marks a new breakthrough for excellence in the region’s real estate development landscape.

Dubleuse and RIVA Development ink joint venture to develop flagship real estate projects in KSA