Al Othaim Launches New Real Estate Arm with US$4.27 Billion Saudi Investment Plan
Abdullah Al Othaim Investment Company has established Al Othaim Developments, planning to invest over **US$4.27 billion** into approximately 10 integrated real estate projects across Saudi Arabia within the next two year
Saudi-based Abdullah Al Othaim Investment Company has announced the formation of a new dedicated real estate development entity, Al Othaim Developments. This new arm is set to channel substantial investment into Saudi Arabia's burgeoning property market, with plans to deploy over US$4.27 billion (approximately SAR 16 billion) across around 10 projects within the next two years.
The strategic move aims to create integrated destinations that combine various property types. These developments will feature residential units alongside hospitality, retail, entertainment, and office facilities, with the specific mix tailored to the location and market requirements of each project.
According to Abdullah Al Othaim Investment Company, the planned projects will include approximately 8,000 residential units distributed across several Saudi cities. The first announced development under this initiative is 'The O Residence' in Dammam, with further projects anticipated in other key Saudi urban centres as part of the two-year investment programme.
Abdulmalik Abdullah Al Othaim, Vice Chairman and CEO of Abdullah Al Othaim Investment Company, stated that the launch signifies a new strategic milestone. He emphasised the company's ambition to build an integrated presence in the real estate sector by developing projects that transcend standalone housing. The focus will be on creating thoughtful destinations that cater to residents' evolving needs and lifestyles, integrating services and amenities within residential communities.
Questions, answered
- What is the total investment planned by Al Othaim Developments?
- Al Othaim Developments plans to invest more than **US$4.27 billion** (approximately SAR 16 billion) in its new projects within Saudi Arabia.
- How many projects and residential units are planned?
- The company aims to develop approximately **10 projects** that will include about **8,000 residential units**.
- What type of developments will Al Othaim focus on?
- The new unit will concentrate on **integrated destinations** that combine residential properties with hospitality, retail, entertainment, and office facilities, tailored to specific locations and market needs.
- What is the first announced project?
- The first project under this initiative is 'The O Residence' located in **Dammam**, Saudi Arabia.
- What is the timeline for these investments?
- The investment of over US$4.27 billion is planned to be deployed over the **next two years**.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.