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Memar Development & Investment, established in 2007, is a private investment firm based in Riyadh, Saudi Arabia. The company focuses on real estate development and investment, encompassing commercial, residential, office, and hospitality sectors. Guided by the motto 'Developing to enhance life,' Memar aims to create value and maintain profitability through well-crafted real estate management services and sophisticated investment structuring criteria. The firm's portfolio includes various projects in the hospitality and entertainment sectors, contributing to the urban landscape of Saudi Arabia. Memar's strategic priorities involve developing hotels in strategic locations, providing properties that meet market needs, and forming partnerships with leading local and international hotel operators. In May 2023, Memar signed an agreement with Dur Hospitality to operate two Nur by Makarem hotels in Makkah, reflecting its commitment to enhancing the hospitality experience in the Kingdom.