Abdullah AI Othaim Investment Company is an exemplary example of how some of Saudi Arabia's most prominent enterprises are facilitating the country's rapid economic and societal transformation.
Over the last 20 years, the group has built up a comprehensive and integrated portfolio of pioneering investment projects worth around 15 million Saudi riyal that includes shopping malls; mixed-use developments; entertainment, fashion retail, restaurant and other hospitality brands; sports centers; and artificial intelligence initiatives. "AI Othaim Investment Company has a distinguished financial solvency covering the sectors in which it operates. For instance, we currently have 12 mega shopping centers that attract approximately 50 million annual visitors. We're ranked as the country's second-largest mall operator, with a majority stake of 70 percent in our projects and a strong net-profit margin of 30 percent in heavy assets," reveals AI Othaim Investment Company's group CEO, Meshaal Bin Omairh. "By creating distinctive experiences, our strategy aligns with Saudi Vision 2030 in developing quality-of-life methodologies. Our strategy also contributes to the diversification of local economies through our wide presence in most regions and cities of the country."
The group has become a leader in its sectors of activity thanks to its expertise in delivering projects that embrace best global practices and inject vibrancy into communities. In addition, states Omairh: "Our success and growth results from a firm commitment to the principles of innovation and sustainability. We apply those principles in all our operations, through international standards regarding financial sustainability and meeting the desires of all stakeholders; in encouraging entrepreneurship by providing a distinctive work environment for employees; and in environmental sustainability by using clean energy and increasing green spaces in development projects."
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Mystery of Ginger Cat Is out of the Bag
The genetics behind the vibrant orange color in feline coats is finally confirmed after 112 years
Paris Hilton & Nicole Richie
PARIS HILTON AND NICOLE RICHIE ARE READY TO BRING A LITTLE “SANASA” to the world with Peacock's Paris & Nicole: The Encore, their first project together since their reality show The Simple Life ended in 2007. What's “sanasa”? It's a song and phrase the longtime friends created as kids and popularized on The Simple Life. The show, a cultural phenomenon in the early days of reality TV, followed them over a series of blue-collar jobs. Now they're bringing it back as an opera. “I know this is just going to make people laugh, have fun, be nostalgic and just celebrate our friendship,” Hilton said. While Richie acknowledged “you can't do Simple Life again,” she said now “felt like the right time.” The famous pair also revisit some old jobs in Arkansas, like fast-food chain Sonic, where they now have drinks named for them. “I think that there is a part of our friend- ship that the show ended up showing that people connect to,” Richie said. As for this new special, Hilton is glad to do something positive for their fans. “It's been such a crazy past couple years, and I just feel like the world needs more joy.”
What Next for Your Drugstore?
Walgreens and Amazon are placing opposing bets on the future of retail pharmacy
AMERICA'S GREATEST WORKPLACES for Diversity
AS COMPANIES IN THE UNITED STATES CONTINUE TO navigate the evolving dynamics of the workplace, diversity remains a cornerstone of organizational success and social responsibility.
FIGHTING SPIRITS
ANDREA MCCARTHY TOLD FRIENDS and family when she gave up alcohol on January 1, 2024, that she would toast 12 months off the sauce with a drink to ring in 2025. As that anniversary approached, the Los Angeles-born content creator told Newsweek she had had a change of heart.
Lessons Over Lunch
Ninety-year-old volunteer Hugh showed me how the winter years can be full of purpose
Is California's Green Dream Hot Air?
The state aims to rely on zero-carbon energy sources in two decades' time but has hurdles to overcome along the way
Power Struggle
As the dust settles following the toppling of Bashar al-Assad, new front lines could be drawn in Syria's old civil war
Downsizing Goes Bust for Boomers
Rising property costs are not just affecting young Americans—older people are ‘aging in place’ due to a dearth of affordable accessible housing
Ray Romano
\"I read about three scripts, and at the end of each there was a little twist, a little turn, [and] it was funny.\"
