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Al-Othaim establishes real estate arm with 16B riyal investments
Abdullah Al Othaim Investment Engine has launched a new company called "Al Othaim Real Estate Development" with the goal of developing real estate projects in the Saudi market. Plans include launching around 10 projects over the next two years with investments exceeding 16 billion riyals, covering residential, hotel, commercial, entertainment, and office components, including approximately 8,000 residential units. The company's activities will begin in Dammam with the "The Ouh Residence" project, and later expand to other cities, with a focus on meeting market needs through city-specific projects. This move is part of the company's expansion strategy in real estate development activities to strengthen its portfolio and diversify its investments.
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