SNG: Al Othaim unveils $4.3bln Saudi real estate investment plans

By Zawya

By Staff Writer

Saudi-based Abdullah Al Othaim Investment Company has launched a dedicated real estate development arm, Al Othaim Developments, with plans to invest more than SAR16 billion ($4.27 billion) in about 10 projects over the next two years.

These projects would comprise about 8,000 residential units across several Saudi cities, said a statement from Abdullah Al Othaim Investment Company.

The new unit will focus on integrated destinations combining residential properties with hospitality, retail, entertainment and office facilities, depending on the location and market requirements, the company said.

The new business will build on the expertise and investment capabilities of Abdullah Al Othaim Investment Company, while operating as a dedicated platform for real estate development and investment opportunities, it stated.

Its first project is The O Residence in Dammam, with further developments planned in other Saudi cities under the two-year investment programme.

"The launch of Al Othaim Developments marks a new strategic milestone in the group's journey," remarked Abdulmalik Abdullah Al Othaim, the Vice Chairman and CEO of Abdullah Al Othaim Investment Company.

"We do not view real estate development simply as an addition to our portfolio. Rather, it is a sector in which we aspire to build an integrated presence through a specialised platform that understands market needs and translates them into thoughtfully planned destinations," he stated.

Al Othaim said the company aimed to develop projects that go beyond standalone residential units by combining housing with services and amenities designed around residents' daily needs.

"The success of any real estate project begins with a deeper understanding of what people are looking for and how their needs and lifestyles are changing," he stated.

The differences between cities and locations would determine the mix of components included in each development, he added.

Al Othaim pointed out that its development strategy would allow it to tailor each project to its location and target market while maintaining a broader focus on creating integrated destinations.

Al Othaim Investment, which operates across a range of consumer and investment businesses, said it would continue developing its service ecosystem and pursuing strategic partnerships to enhance its projects and the experiences they offer.-TradeArabia News Service

Copyright 2026 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.