Al-Othaim Investment launches new real estate arm

Abdullah Al Othaim Investment Company has launched a new company called "Al Othaim Real Estate Development" with the aim of developing approximately 8,000 residential, commercial, and hotel units in Saudi Arabia. There are plans to launch around 10 projects over the next two years with investments exceeding 16 billion riyals. The first project, titled "The Ooo Residence," will begin in Dammam and will later be expanded to other cities, focusing on integrating housing, hospitality, services, and entertainment based on the project's location and market needs. This step is part of the company's strategy to strengthen its presence in the real estate development sector and to develop mixed-use destinations that meet the demands of the Saudi market.

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