Who we are – AlOula

Today, AlOula is one of the largest asset management and real estate development company in the Kingdom and the Middle East.

Since the founding of AlOula in 2002, the company has made unparalleled achievements as a pioneer of the development sector in the Kingdom of Saudi Arabia, and as one of the most successful and famous brands on the local and regional levels.

AlOula Real Estate Development Holding Company is a Saudi closed joint-stock company with a total capital of SR 1.2 billion and is an ambitious alliance between Al Fozan Group and Al Muhaidib Group, two major renowned commercial conglomerates in the Kingdom of Saudi Arabia, the Arabian Gulf, and the world. AlOula has proudly served more than 15,000 clients in the past 15 years and developed more than 22 million square meters of land across the Middle East, most of it in Saudi Arabia and the Arabian Gulf. AlOula’s headquarter is located in Al Khobar, in the Eastern Province of the Kingdom, with branches in the kingdom, the UAE, and Egypt.

Today, AlOula is considered one of the largest real estate developers in the Kingdom and the Middle East, currently developing several major strategic projects in vital locations to meet the actual needs of all segments in society, such as the Ajdan Waterfront Destination Project.

Our Mission

To provide the highest value by building projects and offering products and services in line with the development progress in Saudi Arabia and the region.

Our Vision

To be the most comprehensive and most efficient asset management company.

Our Values

Integrity & Transparency An essential element in all our projects and our initiatives.

Quality

We keep quality in mind, to ensure the delivery of products with high efficiency.

Integration

To stay up-to-date on all the developments markets, we offer our services flexibly and professionally to all our customers.

Diversity

To offer a diverse mix of services and products in real estate development that meets all the requirements of our valued customers.

In the era of vision and future ambitions, the Kingdom of Saudi Arabia aspires to benefit from its vital and strategic geographic location as a religious, touristic, and commercial epicenter that links three continents, contains the holiest of places: the Haram Mosque in Mecca, and the Prophet’s Mosque in Medina, and overlooks the Red Sea and the Arabian Gulf. The combination of these factors makes Saudi Arabia a fertile ground for investment and real estate development. The Kingdom is also witnessing growth in its youth population, with young people accounting for more than 60% of the country’s total population of 32 million, which makes the Kingdom a promising market forecasted to be among the top growing markets globally within the next few years.

Our Purpose

Quality is at the
heart of everything
we do.

We have first-hand experience in developing land for years and the know-how we gained in sales & marketing within this highly competitive industry is our true strength. At alOula, quality is at the heart of everything we do and an important cornerstone of our success and our reputation. Transparency and openness also remain key ingredients in enabling us to develop not just value-driven real estate solutions but valuable and authentic relationships with our clients. In fact, our vast experience in land development, our proven track record in real estate, land division and hospitality, and our hands-on approach to sales and marketing, are reasons why our clients and investors have confidence in our ability to deliver.

Our Contributors

ALOULA is empowered by the joint forces of

One of Al Fozan group of companies, a pioneer Saudi company with diverse industrial, commercial and construction materials business lines.

Find out more

One of Al Muhaidib group of companies with a large investment base including commerce, industry, real estate, construction, and construction materials.

Find out more

Our Impact

Since our launch, alOula has set its sights on serving the community and delivering the highest value directly through its products and services in support of many National Social Societies and social initiatives in the belief of the importance of social responsibility.