- Business
- Arriyadh Development Company SJSC engages primarily in real estate development and investment, focusing on the purchase, sale, and development of lands and real estate in Saudi Arabia. Its core products and services include real estate development of residential and commercial buildings; off-plan sales activities; management, leasing, and operation of owned or leased residential and non-residential properties; infrastructure works such as construction and repair of roads, parks, water and sewage networks, and electricity grids; establishment and operation of building materials factories and ready-mix concrete plants; manufacturing and supplying construction machinery and furniture; and wholesale and retail sale of new and used vehicles, including ambulances, minibuses, and four-wheel-drive vehicles. The company also undertakes urban development projects, public transportation projects, maintenance and operation of industrial and entertainment cities, and administrative support services such as building maintenance and cleaning. Arriyadh Development operates principally in Riyadh and other regions across Saudi Arabia, serving both public and private sector clients. Founded in 1993, the company is headquartered in Riyadh, Saudi Arabia.
In recent strategic developments, Arriyadh Development completed a significant acquisition of two real estate assets valued at SAR 1.4 billion from Remat Al-Riyadh Development Company through a capital increase by issuing new shares in favor of Remat Al-Riyadh. This acquisition aligns with the company’s broader strategic objective to maximize shareholder value and expand its real estate portfolio under its "Invest for Growth" strategy announced in early 2023. The company is also actively engaged in partnerships and contracts to develop key infrastructure projects, including a major deal to build the Riyadh Wholesale Market. These moves underscore the company’s focus on sustainable growth, diversification of investments, digitization, and enhanced shareholder returns. Arriyadh Development's strategy also includes expanding its footprint in the fresh produce sector alongside its core real estate activities to capitalize on Saudi Arabia’s economic development.
Arriyadh Development Company operates under multiple business segments covering commercial centers, public benefit projects, land contributions, and common assets. It targets diverse markets comprising government bodies, private enterprises, and retail customers within Saudi Arabia. The company continues to pursue urban, economic, educational, cultural, and entertainment development projects within Riyadh and broader regions, supported by a strong operational base that includes real estate management, construction contracting, and manufacturing capabilities in construction supplies and vehicles. Arriyadh Development remains a pivotal player in Saudi Arabia’s real estate sector with a comprehensive portfolio and ongoing investments designed to sustain long-term growth and shareholder value creation.