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.