Naif Al-Atawi, Chief Executive Officer of Arabian Dyar for Real Estate Development, said the company is studying the possibility of going public on Saudi Arabia’s stock market (Tadawul), adding that its current focus is on innovation and sustainable growth.
Al-Atawi said Arabian Dyar aims to redefine real estate development in the Kingdom by integrating artificial intelligence and digital transformation into its operations - a move he described as a qualitative leap toward greater efficiency and long-term sustainability across its projects.
The announcement coincided with the company’s signing of a strategic partnership with Google during the Future Investment Initiative (FII) 2025 in Riyadh. The $100 million agreement aims to support Arabian Dyar’s transformation into a “smart real estate” firm that leverages data and intelligent technologies in both its development and operational activities.
Under the deal - the first of its kind in Saudi Arabia and the wider region - Google will act as Arabian Dyar’s global advisor and technology partner, helping the company adopt advanced digital platforms and AI-based systems in planning, design, and real estate management.
Al-Atawi told Asharq Al-Awsat that the partnership will enhance the company’s investment decision-making and site selection, while improving its ability to identify target customer segments with greater precision.
The joint initiative focuses on turning data into actionable insights to improve predictive accuracy, accelerate project execution, and boost asset management efficiency.
Al-Atawi said the transformation aligns with Saudi Vision 2030 and reflects the company’s commitment to innovation and sustainability as key drivers of growth. Integrating smart technologies into real estate development, he added, will enhance decision-making, reduce operational risks, and help create more resilient and efficient communities.
Founded in 2011, Arabian Dyar develops world-class residential, commercial, and mixed-use projects across Makkah, Madinah, Riyadh, Jeddah, and Yanbu.
The company’s project portfolio in 2025 was valued at around $2.93 billion, including more than $1 billion in completed developments and $1.26 billion under construction, according to company figures.
Among its flagship projects is “Dyar AlHaram” in Makkah, which comprises 12 residential and hotel towers with total investments estimated at 8 billion riyals ($2.8 billion).
Located about 550 meters from the Grand Mosque, the development is part of the “Masar Makkah” urban destination, which combines residential, commercial, and service facilities in a modern environment.
The project aims to provide integrated real estate solutions that meet the needs of Makkah’s residents and visitors, in line with the company’s strategy to build sustainable, contemporary communities in strategic locations across the Kingdom.
