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الاقتصادية
Al Othaim launches real estate arm with 16B riyals investment
Abdullah Al Othaim Investment Company has launched its new subsidiary, "Al Othaim Real Estate Development," with the aim of developing around 8,000 units within a diverse portfolio that combines residential, services, entertainment, retail, and office spaces. This will be carried out through 10 projects to be implemented over the next two years, with investments exceeding 16 billion riyals. The company’s first project is "The OUU Residence" in Dammam, with plans for expansion into other Saudi cities. The goal is to build an integrated real estate portfolio that meets market needs and combines multiple-use components. This step is strategic to strengthen the company's presence in Saudi Arabia’s real estate development sector, with a focus on projects that blend housing, services, and entertainment.
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