Top 100 GCC Real Estate Developers: Arriyadh Development

Riyadh Hills and Tameer Technical Services City are among the Tadawul-listed company's projects

Arriyadh Development Co is listed on Tadawul.
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Arriyadh Development Co is listed on Tadawul.

Saudi Arabia’s Tadawul-listed Arriyadh Development Company (Ardco) is chaired by Eng Tarek A Alfares, and is involved with projects such as Riyadh Hills, Tameer Technical Services City, and Sunrise City.

Ardco said this February that its net profits dropped by 8% in 2018 due to reduced land sales, while revenue from real estate sales declined by 9% year-on-year to $75.4m (SAR283m).

Construction Week's Top 100 GCC Real Estate Developers 2019 list is a compilation of the region's most influential and successful property firms.

The list has been produced based on publicly available information, and is not a ranking.

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