Saudi Tharwa

What Saudi Tharwa does

Saudi Tharwa (ثروة السعودية) is a privately held Saudi Arabian real estate development company founded in 2007 and headquartered in Dammam, Eastern Province. The company specializes in Sharia-compliant real estate acquisition, infrastructure development on raw land, project supervision, and real estate marketing, operating under Saudi municipal master-plan approvals. Its portfolio comprises six major master-planned developments: Tharwa Town (4+ million sqm flagship coastal city on the Arabian Gulf between Dammam and Al Khobar, featuring a 4km corniche and 200,000 sqm waterfront), Tharwa One (104,387 sqm luxury Gulf-front towers), Sharqia Oasis (2+ million sqm residential/commercial master plan in Dammam with 1,280 plots), Khzm Gate (436,560 sqm mixed-use project in north-east Riyadh, in joint venture with Jarir Trading), Rawabi Maad (438,124 sqm residential/commercial in Makkah), and Corniche View (tower development).

The company's core business model is one-time land and plot sales executed via public auctions held at major exhibition venues (Al Dhahran Expo, hotel corniches in Al Khobar), supplemented by dedicated sales centers in Dammam and Jeddah and direct digital marketing through its corporate website and social channels. Pricing is determined through market-clearing auctions rather than fixed lists. Saudi Tharwa has recorded aggregate auction sales of 670 million SAR across two documented events (450M SAR for Maali Al Khobar; 220M SAR for Dhahran Views in 2011) and has won multiple international awards including FIABCI Best Multi-Use Project for Tharwa Town, with operations explicitly aligned to Saudi Vision 2030 and the Quality of Life Program.

The customer base consists primarily of individual Saudi homebuyers and real estate investors purchasing residential and commercial plots for personal use, investment, or rental income. The company employs 11-50 staff and operates without disclosed external venture capital, private equity, or parent-company backing, distinguishing it from larger publicly listed Saudi developers such as Dar Al Arkan or Emaar. Revenue is non-recurring and tied to auction event timing, making financial performance project-cycle dependent rather than subscription-based or annuity-driven.

Name

Saudi Tharwa

Legal name

شركة ثروة السعودية

Website

https://sauditharwa.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Saudi Tharwa is a privately held Saudi Arabian real estate developer founded in 2007, headquartered in Dammam. It develops Sharia-compliant master-planned residential and commercial communities across the Eastern Province, Riyadh, and Makkah, selling plots via public auctions to individual Saudi homebuyers and investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Property Sales (Direct): One-time sale of developed land and residential/commercial plots through public auctions. Revenue generated from the sale of land parcels in various development projects.
2. Real Estate Development Services: Property acquisition under Sharia-compliant regulations, infrastructure development, and property marketing services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Saudi Tharwa is a Saudi Arabian real estate development company that acquires land in compliance with Sharia regulations, develops raw land infrastructure (roads, lighting, water, electricity, sewage, drainage), supervises real estate projects, and markets developed residential and commercial plots through public auctions across Saudi Arabia.

Product overview

Saudi Tharwa is a leading Saudi Arabian real estate development company that operates as a diversified property development firm offering multiple distinct projects and master-planned communities. The company's portfolio includes Tharwa Town (their flagship coastal city project spanning over 4 million m²), Tharwa One (luxury waterfront residential/commercial towers), Khzm Gate (mixed-use development in Riyadh), Sharqia Oasis (large-scale community in Dammam), and Rawabi Maad (residential/commercial project in Mecca). Saudi Tharwa handles the full real estate development lifecycle including acquisition, project supervision, infrastructure development, and marketing, operating in compliance with Saudi Arabian regulations and Islamic law principles. The company implements sustainable development practices and smart city concepts aligned with Saudi Vision 2030 quality of life objectives.

Differentiator

Problem solved

Functional benefit

Brands

• Khzm Gate (بوابة الخزم): Multi-use development project in north-east Riyadh covering 436,560 m², developed in partnership with Jarir Trading.
• Tharwa One (ثروة ون)
• Sharqia Oasis (واحة الشرقية)
• Rawabi Ma'ad (روابي معاد)
• Rimal Gate (بوابة الرمال)

Products and services

• Tharwa Town (مدينة ثروة) Flagship master-planned coastal city project on the Arabian Gulf between Dammam and Al Khobar, spanning over 4 million square meters with residential and commercial uses, featuring a 4km corniche road and 200,000 m² waterfront area, approved by the Eastern Province Municipality.
• Tharwa One (ثروة ون) Luxury residential and commercial project at the northern corner of Tharwa Town, spanning 104,387 m² with 15-story investment towers with direct Gulf views, 4-story residential buildings, mosque, garden, and waterfront access, implementing smart city concepts and sustainability standards aligned with Vision 2030.
• Khzm Gate (بوابة الخزم) Mixed-use development project in north-east Riyadh in Rumal District, spanning 436,560 m² with residential villas (272 plots), residential buildings (20 plots), commercial buildings (36 plots), and integrated facilities covering 51,864 m², expected to serve approximately 4,600 residents.
• Sharqia Oasis (واحة الشرقية) Large-scale residential and commercial master plan in the heart of modern Dammam, spanning over 2,000,000 m² with 106 blocks and 1,280 plots across three zones including 456 residential plots (2-floor buildings), 54 commercial plots (3-8 floor buildings), 25 commercial market plots, and a business trade center.
• Rawabi Maad (روابي معاد) Residential and commercial project in Mecca's Amra New District, spanning 438,124 m² with 406 total plots including 303 residential plots (3.5 floors) and 95 commercial plots along 32m streets, featuring 8 service zones, 3 educational facilities, 2 mosques, government facilities, and parks.

Quantifiable outcome

• 450 million SAR total sales achieved from Maali Al Khobar project auction
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Roshn: Saudi Arabia's largest residential developer (PIF-backed), delivering master-planned communities with serviced plots and integrated infrastructure. Directly comparable to Saudi Tharwa in land subdivision and plot-sale GTM, though at significantly greater scale.
• Dar Al Arkan Real Estate Development: Publicly listed Saudi real estate developer with diversified residential, commercial, and land development projects across the Kingdom. Closely comparable business model of developing master-planned communities and selling plots to end-buyers and investors.
• Retal Urban Development Company: Saudi real estate developer focused on residential and mixed-use master-planned communities. Similar in approach to Saudi Tharwa in delivering serviced land plots and integrated infrastructure for Saudi homebuyers.
• Knowledge Economic City (KEC): Saudi developer building a master-planned economic city in Madinah with residential, commercial, and educational components. Comparable in the model of subdividing large land tracts into sellable plots with full infrastructure delivery.
• Emaar The Economic City (Emaar Kingdoms): Saudi-listed JV between Emaar and Saudi partners developing King Abdullah Economic City, a multi-million m² master-planned community. Closely mirrors Saudi Tharwa's Tharwa Town approach at greater scale.

Regional players

• Jabal Omar Development Company: Listed Saudi developer focused on large-scale mixed-use and residential developments centered on Makkah. Comparable to Saudi Tharwa's Rawabi Maad project in the Makkah Region, though with a hospitality/tourism overlay.
• Makkah Construction & Development Company: Saudi real estate developer concentrated in Makkah, developing residential and commercial communities. Directly comparable to Saudi Tharwa's Makkah-based Rawabi Maad project in both geography and product mix.
• SEDCO Development: Saudi real estate arm of the SEDCO Group, developing mixed-use and residential projects in the Western Region and other Saudi cities. Comparable in mid-sized Saudi land development, though focused in different geographies.

Broad incumbents

• Emaar Properties: UAE-based global real estate developer with a significant Saudi footprint through Emaar The Economic City and standalone projects. Comparable as a broad incumbent operating in the same Saudi land-development category, though diversified globally.

Emerging players

• Aldar Properties: UAE-listed real estate developer expanding into Saudi Arabia via master-planned community developments. Comparable in product category (large-scale residential master plans) though Saudi Tharwa has deeper domestic roots.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/sauditharwa
• YouTubeyoutube.com/@SaudiTharwa
• LinkedInlinkedin.com/company/saudi-tharwa
• Instagraminstagram.com/sauditharwa
• Facebookfacebook.com/sauditharware

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Tharwa