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Al-Othaim Investment unveils new real estate arm
Abdullah Al-Othaim Investment Company has launched a new subsidiary called "Al-Othaim Real Estate Development," with the goal of developing a variety of real estate projects in the Saudi market. These projects include residential, commercial, hotel, and entertainment developments, with investments exceeding 16 billion SAR, encompassing around 8,000 residential and service units. The company's operations will commence in Dammam with the "The Ooo Residence" project, along with plans to expand its projects to other Saudi cities over the next two years, aiming to meet market demands and diversify real estate components based on the nature of each city and location.
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