AWJ Investment, a subsidiary of AWJ Holding, has secured a 40% stake in Oud Real Estate, marking a significant strategic partnership aimed at enhancing urban development in Saudi Arabia. This collaboration is expected to drive investments exceeding SR8 billion over the next five years, focusing on branded residential, commercial, and hospitality projects.

The partnership combines AWJ’s financial expertise with Oud’s innovative approach to creating lifestyle destinations that celebrate Saudi heritage. Established in 2016, Oud Real Estate has gained recognition for its culturally infused and design-forward developments that reflect Saudi Arabia’s evolving urban landscape.

Abdulaziz Al-Mousa, CEO of AWJ Holding, highlighted the importance of this partnership in the context of the Kingdom’s Vision 2030. He noted, “Saudi Arabia is experiencing a renaissance in urban development, emphasizing cultural preservation, sustainability, and cohesive design. Oud Real Estate has demonstrated a profound understanding of this transformation. We are excited to collaborate with them to enhance their growth and contribute to the creation of dynamic, forward-thinking urban environments.”

Arc Mohammed Al-Duraibi, Founder and Managing Director of Oud Real Estate, expressed enthusiasm about the potential of the partnership. He stated that this collaboration represents a pivotal moment for Oud Real Estate, aiming to accelerate expansion plans and strengthen its position in the luxury real estate sector. Al-Duraibi emphasized the commitment to designing spaces that enhance quality of life while showcasing Saudi culture through innovative design, hospitality, and architecture.

The partnership will prioritize key urban centers, including Riyadh and Jeddah, with a focus on developing distinctive, upscale destinations that integrate Saudi authenticity with contemporary urban living. Oud’s design philosophy is inspired by local narratives, customs, and hospitality, reimagined through modern architecture.

With the demand for high-end real estate on the rise in the Kingdom, the collaboration between AWJ and Oud 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.