Midrar is the fourth fastest growing company in Saudi Arabia in 2010, according to a list released by the Saudi General Investment Authority (SAGIA) at the Fourth Global Competitiveness Forum in Riyadh. Sagia's elite list includes the top 100 small and mid-sized companies in the Kingdom that achieved a growth rate of at least 40 percent in one year. Dr. Rihab Riza, chairman of Midrar, was delighted in being included in the highly coveted list, which recognized the company's strategies and achievements since its inception. “We thank the Saudi Arabian General Investment Authority for this initiative, which provides the right business environment for small and mid-sized national companies to grow and to encourage them to aspire for excellence,” he said. Since it started conducting a survey of the fastest growing companies in Saudi Arabia, Sagia's list has become a respected benchmark for business classification in the country and has become a great motivation for Saudi companies to compete fairly and aspire for success. “Since its establishment, Midrar has committed to work in line with international quality standards, and to employ local and international experts in the area of real estate development in order to provide highest levels of services that meets the aspiration and needs of its clients,” he added. Established in 2007, Midrar is a limited liability company in the field of real estate development and projects management. It has carried out management and development of a number of real estate projects all over the Kingdom. Currently Midrar manages and develops a number of large and distinctive real estate projects, including “The Headquarters Business Park” located on Jeddah north corniche, King Abdul Aziz Endowment 2 in Makkah, and King Fahd Specialist Hospital in Dammam. The company also provides various services such as marketing, sales and transportation studies. The portfolio of Midrar is diversified and has numerous projects totaling more than SR10 billion, and an area exceeding 2.4 million square meters in various sectors including high-rise and multi-use buildings, urban planning, medical real estate development, and transportation studies.
