Saudi Arabia, which celebrates its 88th National Day, remains the Gulf's largest market for real estate development and construction firms alike. Ahead of Construction Week’s Top 50 GCC Developers 2018 list, which will be published in print on 29 September, 2018, CW rounds up the top five Saudi real estate builders that have made the cut this year.
5. Hathal Alutaibi
Alandalus Property Company
Alandalus Property Company announced that design work had been finalised for a project that it is developing in a joint venture named West Jeddah Hospital Co with Dr Sulaiman Al-Habib Medical Group near its Al Andalus Mall in Jeddah. The 30,251m2 is being built with HMG as the developer partner, and excavation work due to begin at the time. Construction work will complete in Q1 2022, with operations due to commence in Q2. The developer’s other assets include Hayat Mall, Sahafa Centre, Tilal Centre, and the planned Al-Andalus Square and Panorama North Jeddah Project.
4. Ahmed Ibrahim Linjawy
Emaar the Economic City
Emaar EC leads the master-planning and development of King Abdullah Economic City (KAEC), a project being built off the Red Sea in Jeddah. KAEC comprises six components, which include a sea port, an industrial district, an educational zone, resorts, a residential area, and a central business district featuring commercial, mixed-use, and retail outlets, as well as a financial island. Based on initial forecasts, KAEC will create up to one million employment opportunities in the various industries and service-oriented companies it will host, and will be home to two million residents.
Read More about the top three Saudi real estate builders here.