SEDCO’s portfolio of domestic residential developments includes compounds and apartment blocks, and prime undeveloped land in Riyadh, Makkah, Al-Khobar, Taif, Madinah, Abha, Yanbu, Jazan and Jeddah. Recent regulatory changes, and a white land tax, have increased the momentum to earmark undeveloped land for projects that support Vision 2030.
Al Qadisiyah, Riyadh
With Vision 2030 calling for Riyadh to become one of the world’s major economic cities and double its population by 2030, SEDCO’s real estate strategy has increasingly reflected a sharper focus on the capital as a key business and residential hub.
Against this backdrop, SEDCO and two partners acquired 1.9 million sqm of prime land in Al Qadisiyah, north of Riyadh, in January 2021. We subsequently entered a partnership agreement with Hamad M. Al Mousa Real Estate Company to undertake the site’s subdivision, infrastructure, and residential/mixed-use development. Al Qadisiyah’s proximity to King Khalid International Airport and accessibility to key transportation networks made the area an ideal choice for such a development project.
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Umm Al Joud Community, Makkah
The Umm Al Joud Community is a planned integrated residential neighborhood in Makkah’s Al Fayhaa district. Our master plan for developing the 1.5 million sqm site features open green spaces and walkways for residents, with superior accessibility and visibility, straddling both sides of the highway.
Key Facts
Golden Belt Village Compound, Al-Khobar
Golden Belt is an upscale gated residential community in Al-Khobar, Eastern Province occupying land purchased in 1994 by SEDCO and three Saudi businessmen. Featuring 143 villas, the compound is located on a prime site of 46,000 sqm beside Al-Khobar Mall, in the area between Dammam and Al-Khobar known as the Golden Belt district.
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