In a formal ceremony held on April 19 in Las Rozas de Madrid, and with the notable presence of Mayor José de la Uz, a agreement between Modular Home and Ibrahim Real Estate with the support of the Cosmos Group studio, to export MH System technology to Arabia, representing a significant step towards single-family construction and urban complexes proposed in Saudi Vision 2030.
An Innovative Approach to Luxury Residential Construction
Modular Home, recognized for its leadership in the construction of prefabricated homes and with more than 1000 homes built in Spain, joins Ibrahim Real Estate, experts in the execution of megaprojects in Saudi Arabia with the aim of satisfying the growing demand for luxury homes in Saudi Saudi, a market in full expansion and evolution.
Cosmos Group: Avant-garde Design and Engineering
Cosmos Group, study of design and engineering with offices in Spain and Italy, will contribute its experience in large-scale projects, such as NOS, and other residential and commercial developments in Saudi Arabia. Your participation ensures a high-quality, innovative approach at every stage of the project, from design to construction.
Objectives and Projections of the Agreement
The agreement focuses on Saudi Vision 2030 strategy, which seeks to transform the way of living and building in the Middle East, wanting to be a global benchmark in modern construction and urban planning. The main goals of this collaboration are:
- Home building: In the first years, the construction of 100 homes, scaling to 1000 in future phases.
- Complete Urbanizations: One of the first large developments will include more than 200 luxury villas near Riyadh, with scheduled start before 2025 late.
- Pilot House: The first show home is scheduled to be completed before the end of 2024, marking the tangible start of the project.
Impact on the Spain-Saudi Arabia Trade Relationship
This agreement also has significant implications for the international trade:
- Ease of Entry for Spanish Companies: The aim is to open doors so that more Spanish companies can establish and prosper in Saudi Arabia.
- Promotion of High Quality Exports: Spain will have the opportunity to promote and export high quality products, strengthening its presence in one of the most dynamic markets in the world.
Declarations and Institutional Support
The Mayor of Las Rozas, Jose de la Uz present at the signing ceremony, stressed the importance of this agreement as an example of innovation and development in the construction sector. "Today we sign an agreement in order to export our technology to one of the countries with the greatest demand for luxury housing worldwide," he declared. Angel Cava, president of Modular Home.
This agreement signifies the commitment of Modular Home, Ibrahim Real Estate and Cosmos Group to development and innovation, in addition to establishing an international collaboration framework that could redefining the future of luxury residential construction in Saudi Arabia and elsewhere in the world. With the signing of this agreement, a new chapter opens in the commercial relationship between Spain and Saudi Arabia, marked by excellence, quality and the shared vision of a prosperous and sustainable future.
