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Saudi Arabia has signed a Memorandum of Understanding (MoU) with the Bahrain Masar Group to enhance cooperation in marina projects and benefit from the integrated expertise and capabilities of the two sides in the fields of investment, real estate development and maritime projects, in order to support opportunities for the development of marinas and waterfronts in the Eastern Province of Saudi Arabia.
The MoU was signed on the sidelines of the Gulf Investment Gate Forum 2026, hosted by the Bahrain Economic Development Board in Manama. The MoU was signed by His Highness Holding, CEO Saeed bin Salem Al Nahdi, and Masar Group, CEO Yousef Khalifa Al Mana, in the presence of Fawaz Ahmed Behzad, Board Member of Masar Group.
The signing of the MoU represents a step towards strengthening strategic partnerships and benefiting from the integration of expertise between the two sides
The MoU aims to enhance cooperation and integration of expertise between the two parties, taking advantage of the investment and management capabilities of SMO Holding and its expertise in real estate development and investment project management, in addition to the expertise of Masar Group in marine projects, maritime logistics, maritime tourism and maritime operations, within the framework of cooperation in maritime marina projects.
In a press release, Property Middle East received a copy of it, Saeed bin Salem Al Nahdi, CEO of SMO Holding, said that the signing of the memorandum of understanding represents a step towards strengthening strategic partnerships and benefiting from the integration of expertise and potential between the two sides, pointing out that the cooperation with Masar Group opens up prospects for investment in marina projects and waterfronts, and contributes to supporting the development of quality projects in this sector.
The signing of the memorandum reflects the interest of the two sides in enhancing cooperation in maritime projects, and employing their investment, technical and administrative expertise to study the available opportunities, in order to support the development of maritime marina projects and enhance investment partnerships between Saudi and Bahraini companies.
SMU Holding is one of the leading Saudi companies in investment and real estate development, as its business extends across multiple investment sectors, and its investment portfolio includes projects and assets valued at about $ 16 billion, according to the Forbes Middle East classification for the year 2026. The company also continues to strengthen its regional presence and expansion in the Gulf markets, by recently winning the Marina West project auction in the Kingdom of Bahrain, in a move that reflects its orientation towards investing in mixed-use real estate projects and coastal destinations, and strengthens its presence in the development and real estate investment sector at the regional level.
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