COVER EXCLUSIVE
“AL OTHAIM INVESTMENT THE AMBITIOUS EXPANSION
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M
eshaal Bin Omairh is the Group CEO of Abdullah Al Othaim Investment Company. He boasts an impressive 30-year career in finance, navigating the complex landscapes of multinational and multi-divisional companies. His track record is demonstrably one of success, marked by progressively increasing responsibilities and a consistently motivational approach. His leadership experience includes roles as Chief Executive Officer and Board Member of Mohammad Abdulaziz Alrajhi & Sons Investment Co. from 2018 to 2021, and Acting Chief Executive Officer of Manafea Investment from 2019 to 2021. In addition to being a retail giant, Al Othaim Investment Company, a top 50 Gulf real estate developer in 2023, is a multi-faceted force in Saudi Arabia’s development. With 12 commercial complexes, including four Al Othaim Malls across the Eastern Province and two in Riyadh, the company’s reach extends to Qassim, Hail, and Arar. Al Othaim also holds interests in hospitality, real estate, entertainment, cinema, fashion, and more, with 23 diverse projects currently shaping the kingdom’s future. The awardwinning Kunooz in Riyadh stands as a testament to their innovative vision. WHAT ARE SOME OF THE KEY ACHIEVEMENTS AND CONTRIBUTIONS OF AL OTHAIM INVESTMENTS IN 2023?
For over 20 years, Al Othaim Investments has strived to be a beacon of innovation, development, and economic prosperity in Saudi Arabia. We’re known for our pioneering spirit, and we’ve built an impressive portfolio in retail, F&B, entertainment, residential, and commercial complexes, creating spaces that not only redefine shopping experiences but also serve as the heart of vibrant, connected communities.
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As a pivotal player in Saudi Arabia’s Vision 2030, we’re committed to amplifying the nation’s socio-economic landscape and enriching individual lives. We’ve delivered projects worth a staggering $1.97 billion (SAR7.4 billion), with over $3.2 billion (SAR12 billion) currently under construction - a testament to our dominant presence and unwavering dedication. Over 2023, we achieved significant milestones by implementing our strategy and laying the groundwork for an even stronger expansion. We forged strategic partnerships with esteemed entities like the Tourism Development Fund, the Quality of Life Programme, and the Ministry of Municipal and Rural Affairs and Housing, solidifying our commitment to holistic growth and collaboration. Our recent projects have significantly elevated our portfolio. We launched Konoz Riyadh, a $1.86 billion fully integrated community featuring commercial offices, entertainment, retail, F&B, cinema, a luxury hotel with serviced apartments, and premium residential spaces. Ko n oz R i ya d h e m b o d i e s o u r d e d i c at i o n to sustainability, with 15,000m2 of green areas aligned with the green Riyadh City initiative. We’ve also unveiled Al Othaim Mall in Jubail and Mithneb, Al Othaim Multi-use in North Riyadh, and expanded Rabwah Mall and Khurais Mall in Riyadh. Additionally, we’ve initiated mixed-use developments in Madinah and Khamis Mushait. Each of these projects is strategically located and features state-of-the-art designs, reflecting our commitment to creating spaces that are not only functional but also visually appealing and seamlessly integrated into their surroundings. Furthermore, we proudly marked a new chapter in Hail with the groundbreaking of Al Othaim City Centre, our
