Top Real Estate Companies in Saudi Arabia | Largest Developers
Marcopolis.net has compiled the ranking of the top real estate companies in Saudi Arabia. View the list of the largest real estate companies. The largest real estate companies are Dar Al Arkan, Al Saedan Real Estate, Kingdom Holding Company, Ewaan, Jabal Omar Development Company.
Top Real Estate Companies in Saudi Arabia
Saudi Arabia’s Largest Real Estate Companies
Marcopolis.net has compiled the ranking of the top real estate companies in Saudi Arabia. View the list of the largest real estate companies. The largest real estate companies are Dar Al Arkan, Al Saedan Real Estate, Kingdom Holding Company, Ewaan, Jabal Omar Development Company.
The real estate and construction sector is one of the largest non-oil sectors in Saudi Arabia. Jadwa Investment equity research team estimates that the sector contributes 10% to the GDP. The sector is doiminated by large public real estate companies, large private real estate companies and the government. The governmenal invovlement in the sector is a salient feature of the saudi real estate sector. In 2014, Arab News reported that the “The real estate market in the Kingdom is valued at more than SR1.3 trillion, and is expected to reach SR1.5 trillion in the next few years due to high demand from investors seeking a market with high returns.”
Furthermore, Arab News writes “the market is growting at 5-7% due to high demand for housingr housing, development, and commercial projects. Estimates confirm that the Kingdom is in need of more than 5 million new housing units across all cities by 2020, thus indicating that the market will witness unprecedented activity due to large scale investments. The Kingdom is in need of SR640 billion in real estate investments and housing units will account for up to 91 percent of these investments.”
Toping the list of the private — non-listed — real estate companies is Al Saedan Real Estate company and family — one of the largest real estate developers in Saudi Arabia followed by Ewaan and SEDCO Development. Out of the listed companies, the largest real estate develper is Kingdom Holding, followed by Jabal Omar Development Company. Due to lack of disclosure the ranking of the top private developers is an estimate. As for the list of largest real estate consultants — JLL, Colliers and Intimaa are the leading real estate consultants in Saudi Arabia. Some of the largest real estate developers in the country can be public sector entities such as Al Ra’idah Investment Company (RIC) — a developer behind the massive US$7.8 billion King Abdullah Financial District. RIC is one of the leading companies in real estate development in Saudi market. The head quarter of the company is located in Al Riyadh city. It is the active tool of the Saudi Public Pension Agency (PPA) for investment in real estate development field. The list does not include the public sector real estate developers.
The List of Top Private Real Estate Companies in Saudi Arabia
| Rank | Company | Country | Industry | Description |
|---|---|---|---|---|
| 1 | Saudi Arabia | Real Estate | Al-Saedan Real Estate Co is one of the top leading real estate companies in Saudi Arabia and within Arab countries. Al Saedan Real Estate and Al Saedan family are one of the largest real estate developers in Saudi Arabia. | |
| 2 | Saudi Arabia | Real Estate | Ewaan is the outcome of the partnership between a group of established corporations, including the Islamic Corporation for Private Sector Development (ICD), which is affiliated with the Islamic Development Bank (IDB), Real Estate Development Company (subsidiary to SEDCO Group), Public Pension Agency and the International Investment Bank (IIB). | |
| 3 | Saudi Arabia | Real Estate | Al Ra’idah Investment Company (RIC) is a Saudi Public company. RIC is one of the leading companies in real estate development in Saudi market. The head quarter of the company is located in Al Riyadh city. | |
| 4 | Saudi Arabia | Real Estate | SEDCO Development is a Jeddah based real estate developer. The company is 100% owned by SEDCO Holding, a Sharia compliant private wealth manager with a long and successful track record in real estate investment, development and management within Saudi Arabia. |
The List of Top Listed Real Estate Companies in Saudi Arabia
| Rank | Company | Country | Industry | Market Cap. | Description |
|---|---|---|---|---|---|
| 1 | Saudi Arabia | Real Estate | 19.4 | Althought listed as a multi-investment company, KHC is one of the largest developers in Saudi Arabia. Involved in some landmark projects such as the tallest tower in the world. | |
| 2 | Saudi Arabia | Real Estate | 14.9 | The company engages in the development of buildings and infrastructure; and management, investment, and leasing activities. | |
| 3 | Saudi Arabia | Real Estate | 3.4 | Makkah Construction & Development Company develops construction projects close to the Great Mosque of Makkah. The Company develops facilities for people visiting Makkah on pilgrimage. | |
| 4 | Saudi Arabia | Real Estate | 3.1 | The Tadawul-listed Emaar, The Economic City is developing King Abdullah Economic City (KAEC), the region’s largest-of-its-kind real estate project. Creating a dynamic city hub, KAEC serves as a strong growth catalyst for the Saudi economy. | |
| 5 | Saudi Arabia | Real Estate | 2.5 | Dar Al Arkan Real Estate Development Company is a property development company. The Company develops commercial and residential properties. The copmany is one of Saudi Arabia’s largest listed property firms | |
| 6 | Saudi Arabia | Real Estate | 1.89 | KEC is a 4.8 million sqm zone located only 5 km from the holy mosque on the main axis connecting the airport, train station with the holy mosque providing numerous investment and development opportunities across all the sectors through commercial, residential, educational, and hospitality projects that will enable KEC to be a knowledge industries hub and enabler . | |
| 7 |
Saudi Taiba Investment and Real Estate Development Co |
Saudi Arabia | Real Estate | 1.74 | Taiba Inv. & Real Estate Dev. Co. engages in the ownership, management, and investment of real estate, hotels, hospitals, and resort areas. It also engages in general contracting in the field of operation, maintenance, construction, and electromechanical works. The company’s portfolio includes three commercial and residential projects in the central area. Taiba was founded in 1988 and is based in Medina, Saudi Arabia. |
| 8 | Saudi Arabia | Real Estate | 1.25 | Al Akaria was established by royal decree in 1976 and has been a leading Saudi real estate development company since its inception. During the past 34 years Al Akaria has designed, constructed, maintained and managed various residential and commercial buildings. | |
| 9 |
Arriyadh Development Company |
Saudi Arabia | Real Estate | 0.8 | Arriyadh Development Company engages in building, operating, and managing service and public benefit projects, and residential and commercial projects in Saudi Arabia. |