Riyadh, Saudi Arabia May 21 2025 : AWJ Investment, a subsidiary of AWJ Holding, is pleased to announce the acquisition of a 40% stake in Oud Real Estate. This strategic partnership is set to drive the development of branded residential, commercial, and hospitality projects, with projected investments exceeding SAR 8 billion over the next five years.
Launching Landmark Projects with Investments Exceeding SAR 8 Billion.
This collaboration combines AWJ’s financial expertise with Oud’s innovative approach to creating lifestyle destinations that celebrate Saudi heritage. Since its establishment in 2016, Oud Real Estate has earned acclaim for its culturally infused, design-forward developments that reflect the evolving urban landscape of Saudi Arabia.
Mr. Abdulaziz Al Mosa, CEO of AWJ Holding, emphasized that the Kingdom’s real estate sector is undergoing a profound transformation aligned with the Saudi Vision—aiming to develop culturally rich destinations that promote sustainability and elevate quality of life. He noted that this transformation has created new opportunities for Saudi developers to lead in the creation of mixed-use projects that cater to diverse community needs. He added that Oud has firmly positioned itself in the market by successfully delivering and operating premium developments, and this partnership represents a pivotal move to support the company’s expansion and further solidify its leadership in the sector.
Commenting on the partnership, Eng. Mohammed AlDuraibi, Founder and Managing Director of Oud Real Estate, expressed optimism about the partnership’s potential: “This collaboration marks a pivotal moment for our company. It is a strategic initiative that will accelerate our expansion plans and reinforce our position in the luxury real estate sector. We are committed to designing spaces that enhance quality of life while showcasing Saudi culture through innovative design, hospitality, and architecture.”
The partnership will focus on key urban centers, including Riyadh and Jeddah, with an emphasis on developing distinctive, upscale destinations that seamlessly integrate Saudi authenticity with contemporary urban living. Oud’s design philosophy draws inspiration from local narratives, customs, and hospitality, reimagined through a modern architectural lens.
As demand for high-end real estate continues to rise in the Kingdom, the AWJ-Oud collaboration aims to set new standards in quality and cultural relevance. Both companies share a vision to create iconic destinations that embody Saudi Arabia’s confidence, creativity, and aspirations on the global stage.
