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
Can Alternative Therapies Treat Cancer?
Doctor and breast cancer survivor Liz O'Riordan addresses misinformation around managing the disease
Falling for Romance
A new book, Nora Ephron at the Movies, celebrates the writer/director best known for her iconic rom-coms and strong female characters
Cracking the Norse Code
Walrus DNA has shown that Vikings were likely the first to have encountered Indigenous North Americans
Monumental Shift
The discovery of 165-million-year-old crystals Easter Island has upended the longheld notion of how the Earth's \"conveyor belt\" moves
'OUR FOREIGN POLICY AND DOMESTIC REFORMS ARE TWO SIDES OF THE SAME COIN'
It is a well-known fact across the globe that the North Korean regime is irrational and unpredictable, but we have been consistent in strengthening our defense posture against the threat from North Korea since the Korean War, and I believe that their conventional capability is much inferior to that of the Korean military.
'They Read My Eulogy As I Lay in an Open Grave'
Like Paris Hilton, Natasia Pelowski claims she was subjected to abuse at a teenage therapy program
Russian Economy Faces 'Burnout
Vladimir Putin admits difficulties” as the country’s key interest rate reaches a historic high
China's 'Silent Chemical War'
The U.S. must investigate Beijing's role in the manufacturing of fentanyl that is killing Americans, says one mom whose daughter died after accidentally taking the illicit substance
HARSH HEADWINDS
President Yoon Suk Yeol's BATTLE to reform a South Korea beset with structural problems under the specter of an increasingly aggressive neighbor to THE NORTH
Bridget Everett
BRIDGET EVERETT NEVER THOUGHT SHE'D BE THE LEAD OF A TV SHOW. \"I come from the downtown world in New York, a cabaret singer, and these things just don't happen, you don't find yourself with three seasons of HBO.
