AWJ Investment Gains 40% Stake in Oud Real Estate
Deal News | May 22, 2025 | Zawya
AWJ Investment, part of AWJ Holding, has acquired a 40% stake in Oud Real Estate, marking a strategic partnership aimed at transforming Saudi Arabia's real estate landscape. The collaboration, with projected investments of over SR8 billion in the next five years, seeks to create branded residential, commercial, and hospitality projects that emphasize cultural heritage and modern design. AWJ Holding's CEO Abdulaziz Al-Mousa underlines the alignment with Saudi Vision 2030, highlighting the focus on sustainable and culturally mindful urban development. Meanwhile, Oud Real Estate, known for its culturally infused projects since its inception in 2016, looks to expand its luxury real estate footprint under the guidance of its founder, Arc Mohammed Al-Duraibi. The partnership will focus on major urban centers, primarily Riyadh and Jeddah, aiming to marry Saudi authenticity with modern living, thus responding to a growing demand for high-end real estate in the Kingdom.
Sectors
- Real Estate Development
- Investment and Asset Management
- Cultural and Heritage Projects
Geography
- Saudi Arabia – The article focuses on developments within Saudi Arabia, specifically targeting urban centers like Riyadh and Jeddah.
Industry
- Real Estate Development – This industry is directly involved due to the acquisition targeting Oud Real Estate for the development of residential, commercial, and hospitality projects.
- Investment and Asset Management – AWJ Investment, part of AWJ Holding, is focusing on strategic investments in Oud Real Estate, aligning financial expertise with development plans.
- Cultural and Heritage Projects – Oud Real Estate focuses on culturally infused developments, integrating Saudi heritage within its project designs.
Financials
- 40% – Percentage stake acquired by AWJ Investment in Oud Real Estate.
- SR8 billion – Projected investments in the development projects over the next five years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AWJ Investment | Bidding Company | Company | A subsidiary of AWJ Holding, focused on strategic investments in the real estate sector. |
| Oud Real Estate | Target Company | Company | A real estate company known for creating culturally infused developments in Saudi Arabia. |
| AWJ Holding | Other | Company | Parent company of AWJ Investment, providing strategic direction and support. |
| Abdulaziz Al-Mousa | Person | Person | CEO of AWJ Holding, commenting on the strategic importance of the partnership. |
| Arc Mohammed Al-Duraibi | Person | Person | Founder and Managing Director of Oud Real Estate, optimistic about the partnership’s potential. |