Tuesday November 19th, 2024
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Aqaratic & Egeez World Announce USD 1 Billion Partnership

Could entertainment-themed real estate be coming to the Kingdom?

Scene Now Saudi

Aqaratic & Egeez World Announce USD 1 Billion Partnership

Aqaratic, a leading Saudi real estate firm, has announced a landmark USD 1 billion partnership with Egeez World, a licensed entertainment holding company, to develop real estate projects in Saudi Arabia.

Egeez World is already known for creating "15-minute happy places" - dynamic urban environments that blend luxury living with branded, immersive experiences using popular licensed intellectual properties. Their approach is designed to offer residents and visitors engaging, entertainment-driven spaces where convenience and fun are seamlessly integrated.

One of the key innovations of this partnership is Egeez World’s use of artificial intelligence (AI) technologies in the early stages of real estate development. By utilising AI, Egeez World accelerates the design process, generates presentations, and creates mock-ups with greater creative flexibility, streamlining development while staying ahead of emerging trends.

This collaboration aligns with Saudi Arabia’s Vision 2030, which aims to diversify the economy and establish the Kingdom as a global leader in tourism and entertainment, with landmark developments ranging from cultural hubs to expansive theme parks.

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