Saudi real estate have been in Cairo over the weekend for a summit held by Egypt’s proptech platform Aqarmap, testing waters in Egypt’s real estate market for worthwhile opportunities. EnterpriseAM was there, and we spoke with real estate executives to gain their insights on the Kingdom’s real estate market.

We spoke with Al Ramz Real Estate’s CEO Harun Al Rasheed (LinkedIn) about the firm’s plans to earn the title of the fastest growing developer in the Kingdom. The company plans to grow its real estate portfolio, currently valued at over SAR 9.6 bn, to seize the title, tapping into the booming Saudi real estate market ahead of the 2027 AFC Asian Cup, World Expo 2030, and the 2034 FIFA World Cup.

How will this be achieved? The company plans to develop a series of mixed-use projects, including its flagship 240k sqm mixed-use compound, valued at approximately SAR 3.3 bn, with Al Ahli Capital as fund manager, Al Rasheed said.

Al Ramz has already developed 3.8k residential units across the Kingdom and has 6.5k units currently under development, 60-65% of which are in Riyadh, Al Rasheed added.

** We also got their word on their Tadawul IPO. Details on the plans are in the news well, below.

Al Otaishan Holding’s CEO Dhary Al Otaishan (LinkedIn) also spoke to us about plans to develop an automated petrochemical logistics warehouse in Al Jubail Industrial City, valued at SAR 80 mn. The flagship project — the first of its kind in the region — will be developed in partnership with the German company Al Otaishan-Schmidt, managed by Al Otaishan Holding, and is expected to be operational by November 2026, Al Otaishan said.

The holding company is currently mulling the public listing of its subsidiaries, Al Otaishan said. The company is currently working on overhauling managerial and financial governance for up to three companies over the next three years, after which the board will decide whether to move on with IPOs, subject to market conditions, he added.

IN THE PIPELINE- Al Otaishan Holding is set to develop a 21k sqm food warehouse in Al Khumrah, Jeddah. Early-stage plans include a hospitality venture in Al Qassim and a 10-story project in Buraidah with commercial spaces. The company will also build, own, and manage a 14k sqm office project in Dammam targeting corporations lease, set to be managed by its property management subsidiary.

About Al Otaishan Holding: Founded in 1982 as a transport establishment, Al Otaishan evolved into a specialized company offering logistics, industrial, and trading services. Al Otaishan Holding was launched in 2022, with operations spanning the construction, maintenance, logistics, and industrial sectors.

AND- We also met with Abdulrahman Al Hadlaq (LinkedIn), the CEO of Asas MakeenReal Estate Development and Investment, to discuss the company’s future plans, which include several hospitality projects, mainly in Riyadh, that are currently under construction, such as a 30-story hotel near the airport.

Asas Makeen has delivered 80 projects so far, including 5k residential units, with a total of SAR 4 bn in pipeline projects for 2025-2026, Al Hadlaq added.

REMEMBER- Asas Makeen is floating 10% of its capital in its Nomu IPO, with the subscription period starting today. The real estate developer has plans to join the main market TASI in the future, Al Hadlaq told EnterpriseAM.

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