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.