Cairo, 31 October 2026: Dr. Hamid Mansour Al-Rgwy, New Event Developments Chairman, announced the official launching of the company's latest real estate project "New Hills," located in Al Olaya Hills development in South Obhr district in Jeddah.
Al-Rgwy emphasized that the project, which has obtained all necessary official building and off-plan (Wafi) permits, represents a new step in the company's strategy to deliver modern residential and urban communities that combine the highest quality standards with sustainable investment value.
Credibility becomes reality with the start of "Sakan View" delivery
In a move to solidify trust and credibility, Dr. Hamid Al-Rgwy announced, coinciding with the launch of the new project, the commencement of actual delivery of "Sakan View" project in Jeddah, ahead of the agreed-upon dates stipulated in the contracts, which has garnered widespread praise and satisfaction from the owners who have received their units, commending the accuracy and high quality of implementation.
Dr. Al-Rgwy also revealed the company's readiness to deliver a new batch of its residential and development projects at the beginning of 2027, emphasizing that the implementation plans are progressing according to precise and accelerated schedules to ensure that the units are delivered to their owners according to the highest approved construction and architectural standards.
New Event Chairman clarified that the handover of Sakan View and their readiness to deliver a new group of projects at the beginning of 2027 is the best practical evidence of their unwavering commitment, based on their constant dedication to be a real estate developer that fulfills its promises and prioritizes the interests of its clients and beneficiaries.
A strategic location near Jeddah Tower, the world's highest tower
Dr. Hamid Al-Rgwy explained that the selection of "New Hills" location within Al Olaya Hills in the heart of South Obhr was based on deep studies of urban growth trends in Jeddah- the Bride of the Red Sea-, as the project boasts an exceptional location near Jeddah Tower—an architectural icon and anticipated landmark, poised to become the world's highest tower—which grants the project significant investment value and places it at the heart of a promising area experiencing rapid development and integration of services and key infrastructure.
Dr. Al-Rgwy pointed that launching "New Hills" project represents a qualitative addition to the residential sector, as its launch comes after the project's completion and the acquisition of all necessary official building and development permits, most importantly the approved off-plan sales permit (Wafi), thus reinforcing the highest standards of governance and providing reassurance to investors and beneficiaries.
Architectural innovation and a smart residential community
Regarding the project's engineering and technical concept, Eng. Mohammed AlAsri, New Event CEO, pointed that "New Hills" project is a pioneering model for integrated smart residential communities, as it was designed according to the latest architectural schools and modern technological solutions, with a focus on meticulous attention to detail and the most efficient use of area to meet the aspirations of Saudi families and provide them with a modern and integrated environment as follows:
•Smart Home Solutions: Modern technologies for managing and controlling units, lighting, energy, and smart security to enhance well-being and safety.
•Modern Architectural Facades: Innovative designs that rely on the ideal distribution of natural light and smooth flow of movement to enhance the quality of life.
•Smart Space Utilization: A sophisticated architectural layout of interior spaces that ensures complete privacy and comfort for residents.
•Integrated Facilities and Services: A residential environment that includes green areas, family seating areas, and a comprehensive range of services.
Building on a proven track record of success in Saudi Arabia and Egypt
Dr. Hamid Al-Rgwy assured that "New Hills" project is a continuation of the successes and achievements of New Event Developments, a company with a distinguished and successful portfolio of projects in both the Kingdom of Saudi Arabia and the Arab Republic of Egypt, as the company has successfully built a strong reputation among a wide clients base and investors in the region, due to its commitment to the highest standards of innovative development and meticulous execution.
Dr. Al-Rgwy added that this launch is fully aligned with the Kingdom's Vision 2030, as through "New Hills" project, the company aims to actively contribute to increasing homeownership rates among citizens and providing smart and innovative housing options that enhance the concept of "quality of life" and align with the comprehensive urban development taking place in the Kingdom.