Investment in Real Estate
The real estate department within Alrajhi Real Estate Investment Company is responsible for investments in compounds and commercial and offices centers. In addition to join ventures and strategic partnerships contracts with a number of the most reputable companies specialized in operating commercial centers and residential compounds that have a vast experience in the Saudi market. Also, the department is responsible for managing and operating facilities, managing contractors’ contracts and follow-up of rehabilitation and developments of properties.
The real estate portfolio includes a large number of different investment projects, in which some of them are under construction in Riyadh, Makkah, Madinah, Eastern Province, Hail and Tabouk regions. Currently, the company is working on diversifying its future projects to cover all regions in Saudi Arabia.
Real Estate projects
The real estate projects include a group of different investment options with more than 10 projects diversified across a number of regions within Saudi according to the market study. Some of the most prominent projects are:
- “AJA” Residential Towers in Hail city, which is comprised of 14 residential towers with different heights that include 350 high-end residential units of different sizes and some commercial showrooms.
- Altawon commercial project in Riyadh city with a land size of 12,796 sqm.
- Alrajhi Offices Tower which located on King Abdullah Road in Riyadh with a land size of 1395 sqm; 10th floors. The company main office is on this tower.
- Alsafa commercial/offices building project in Riyadh city with a land size of 2,916 sqm. The project concept is to develop a 3 floors building that includes 6 showrooms and 18 managerial offices.
- Sharq Plaza Center in Riyadh City, which includes a commercial center and offices with a total land size of 21,377 sqm.
- Alshamsiah which contains commercial and offices with 5373 sqm; located near Riyadh city center
- Alrajhi Center in Makkah which include commercial, offices and apartment with a land size of 7979 sqm.
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