Chief Executive Officer
SEDCO Development is a wholly-owned subsidiary of the SEDCO Holding Group that in 2013 changed its business focus from development manager and service provider to direct developer.
Since, the company has focused on investing in promising developments, securing development opportunities that fit with its investment criteria, and adding value to projects through expertise in financing, project management, marketing and sales.
SEDCO Development is particularly in the Western Region, where investment in transportation, tourism and other infrastructure continues apace.
Some of the projects in the brand’s portfolio include the 372-residential unit Gardenia Residence in Jeddah’s Salamah District 2; the 364-room five-star Galleria hotel and retail complex on Jeddah’s Tahlia Street; a retail development on Jeddah Corniche; and a retail property in the city’s Al-Rawdah area.
SEDCO Development expects to maintain prudent growth despite market challenges and a tightening of economic conditions. The firm is partnering with capital providers to explore new opportunities in Jeddah, Makkah, Yanbu and Taif.
SEDCO holds a strategic stake in the land sub-division development that will offer independent housing plots.
SEDCO Holding has an influential presence in the global financial services arena. Our wholly-owned subsidiary SEDCO Capital is a world-class Shariah compliant asset manager that has won a slew of awards for its prudence, prudent and market outperformance. We have also directly invested in Bank Muamalat, Indonesia’s first Shariah bank, which is cementing its position as a modern retail banking institution.