Who are we?
Manafe Economic Real Estate launched its operations from its headquarters in Jeddah, responding to the needs of the thriving real estate market in Saudi Arabia. The company developed its first real estate product, “Al-Deera Center,” in South of Jeddah in 2000. Since then, the company has developed over 30 projects across various real estate sectors.
Our Vision
To be the leading name in investing, developing, and operating commercial real estate across all sectors.
Our Mission
To provide comprehensive real estate solutions through innovation, keeping pace with the flourishing real estate market in KSA.
Our Goal
To develop innovative and integrated real estate projects that enhance quality of life and meet the aspirations of our clients.
Manafe in Numbers
Chairman's Message
At Manafea Economic Company, we believe that developing commercial real estate is both a science and an art that transforms a static structure into a vibrant, dynamic, and unique environment that touches the human spirit. Throughout the company’s journey, we have ensured that our projects blend quality, beauty, and functionality while delivering sustainable and rewarding returns for our partners. We have also prioritized building specialized expertise in real estate development, leasing, and operations to ensure the realization of our project visions.
Today, by the grace of God, Manafea Economic Company’s projects have become distinctive real estate landmarks, leaving remarkable imprints across all real estate sectors. Thanks to our strong partnerships and outstanding team, we continue to expand and explore new opportunities, committed to actively contributing to a prosperous and sustainable future in line with the aspirations of Saudi Vision 2030.
Saleh bin Mohsen Basurrah
Chairman of the Board
Our Journey
Our Strengths
Expertise in the latest regulations and laws, with extensive experience in dealing with regulatory authorities.
Specialized in commercial real estate development
Payment in stages tied to progress and delivered milestones for investors.
A dedicated and specialized team in real estate investment, development, and operations.
Strategic alliances with investors, top-tier consultants, contractors, and financing entities.
Investor risk management and verification at every step.
A proven track record of achievements and diverse projects.
Flexible and innovative investment structures with extensive expertise in company establishment and governance.
