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AREIC: Pioneering innovation towards exceptional destinations

At AREIC, quality and innovation have remained a top priority for every project, balancing today’s needs with tomorrow’s aspirations

Founded in 2006 and headquartered in Riyadh, AREIC is a diversified investment company committed to the long-term ownership and management of high-quality property portfolios. With a wealth of assets across the Kingdom of Saudi Arabia, AREIC operates across a broad range of asset classes, aiming to pioneer the origination, development, and management of unique and innovative destinations.

Driven by a vision of innovation and quality, AREIC has remained committed to delivering comprehensive real estate projects that enhance Saudi Arabia’s competitive investment sector. The goal is to maximise value for shareholders, partners, investors, and communities by offering innovative, sustainable, and human-centred destinations. These projects are designed not only to become distinguished destinations but also to serve as national landmarks aligned with the Kingdom’s ambitious economic diversification agenda, Vision 2030.

As part of Vision 2030, AREIC actively contributes to Saudi Arabia’s PPP sector, collaborating with key entities like NEOM, Red Sea Global, ARAMCO, and MODON to drive urban development. By integrating sustainability, innovation, and strategic investments, AREIC plays a vital role in shaping future-ready real estate projects that enhance infrastructure, hospitality, and commercial growth. Through PPPs, AREIC continues to support the Kingdom’s economic transformation while delivering high-value, investment-driven destinations.

“At AREIC, excellence is a core standard that enhances our reputation as a trusted development partner in the Kingdom, placing us at the forefront of companies that prioritise investor and community needs. Quality permeates every stage of our workflow—from planning to final delivery—utilising advanced technologies and meticulous methodologies to ensure the highest efficiency standards, as demonstrated in projects such as Somerset – Al Khobar Hotel, Citadines – Abha Hotel, The Move – Jubail, and Joy Avenue – Riyadh,” the company told Global Business Outlook.

Talking about The Move, the project exemplifies AREIC’s commitment to quality and excellence. Designed as a modern lifestyle destination, it uniquely blends innovation with operational efficiency, making it a crucial entertainment and tourism hub in the region. This project enriches the Jubail area and fosters its development. Operational since 2022, The Move’s ultimate goal is to create a dynamic retail experience encompassing restaurants, cafes, a spa, a fitness centre, and a range of engaging outdoor activities.

Riyadh-based Joy Avenue, on the other hand, has become a magnificent open-air mall since 2023, offering a variety of retail shopping, family entertainment, exquisite dining, coffee shops, and a gym, thereby creating a unique one-stop-shop mall for families.

AREIC has created an infrastructural masterpiece in Khobar, Saudi Arabia, with the Somerset Hotel. This stunning 17-storey building features 139 guest rooms and a two-level parking facility.

“As we continue to embed excellence in our operations, AREIC enhances its leadership through innovative projects that reflect our commitment to adding value to investors and the community, enriching the real estate sector, and supporting the national landscape. Firmly believing that real estate development is integral to achieving Vision 2030 goals, we focus on creating meticulously crafted communities that enhance the quality of life and support economic growth,” AREIC continued.

“Each project is an investment in the present and a fundamental pillar for building a future that meets the aspirations of the Kingdom. At AREIC, we support business growth by identifying new opportunities, developing growth strategies, and building relationships with key stakeholders, with a proven track record of supporting businesses of all sizes to achieve our growth targets,” it added.

AREIC’s passion for delivering comprehensive real estate projects ensures that its initiatives symbolise innovation, excellence, and precision, all under a vision based on collaboration with the venture’s strategic partners. Through this, the company aims to achieve accomplishments worthy of the Kingdom’s ambitions, committed to delivering innovative and sustainable real estate solutions that enhance the nation’s status as a global hub for real estate development.

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