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 September 06 - 13, 2024 edition of Newsweek US.
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This story is from the September 06 - 13, 2024 edition of Newsweek US.
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