Strategic Agreement with Arch Capital for Iconic Jeddah Tower

Sumou Real Estate signs development management agreement with Arch Capital to build a mixed-use skyscraper on Jeddah Corniche with sales over 700M SAR.

Sumou Real Estate and Arch Capital signed a development management agreement to create an iconic mixed-use skyscraper on Jeddah's Corniche. The high-rise project features luxury residential and commercial spaces designed to add a distinctive dimension to the Jeddah skyline. The project's projected sales exceed 700 million SAR, reflecting strong investor confidence and contributing to the urban goals of Saudi Vision 2030 through sustainable vertical communities.