Press Release: New Lifestyle Waterfront Development “MOYA”

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Press Release: New Lifestyle Waterfront Development “MOYA”

New Lifestyle Waterfront Development “MOYA” launched at King Abdullah Economic City (KAEC), Saudi Arabia

“Mowa Resort” is currently planned on Plot V30 at a premium waterfront location of Baylasun, at the heart of King Abdullah Economic City (KAEC) urban lifestyle district. Mowa’s strategic scale and location coupled with excellent connectivity after the start of operation of Haramain High-speed Railway Station and established infrastructure of the City, provides for all the right ingredients to develop a leading branded waterfront lifestyle resort community that will cater to visitors, residents and tourists year-around.

Spread over 57,000 sqm of land with a total investment of SAR 750 Million, Mowa Resort is aligned with the KSA 2030 vision and KAEC’s hospitality development plans promoting both domestic and international tourism while generating more than 800 jobs.
Mowa Resort at completion in less than 4 years will have unparalleled offering of lifestyle residential, hospitality and retail & leisure providing the highest quality of services and amenities for visitors, guests and tenants.
Eng. Mohammad O. Wali - Chairman of Mowa Co./Bait AL-Arab Development Company, “Believe in KSA economy transformation vision and KAEC as the new emerging tourism destination”

.This unique initiative is introduced by Mowa Hospitality Company and Bait Al-Arab Development Company, with over 25 years of real estate development and operational experience, and unique projects such as Jeddah Palms, KSA (SAR 110M), Abhur Residence, KSA (SAR 220M), Manazil Al-Ein, Makkah, KSA (SAR 200M), and Heaven Hills Beach, Egypt (SAR 100M).

Mr. Pantelis Solomis – Chairman of House of Investment, “Opportunities and potential of hospitality and tourism in local market and the bringing of direct foreign investment to KSA”

Adding to project charter, an international development & investment advisory firm “House of Investment” (HOI), a Cyprus based company that brings together unique international real estate development and financial advisory for such large mixed-use schemes. HOI has been honored very recently by Wealth & Finance International as Top 100 Company in Wealth & Finance with focus on Real Estate Finance and Alternative Investments, and by The European (Business & Finance Awards) as Best International Investment and Investment Advisory Firm - Cyprus 2018. HOI has worked on multiple projects, such as Jeddah Park, KSA ($1.8B GDV), The Rhodes Marina – Rhodes, Greece (€300M GDV), Kition, Cyprus (€200M GDV) and Limassol Blu, Cyprus (€250M GDV).

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