What AREIC does

AREIC generates revenue primarily through one-time real estate sales of residential, commercial, and industrial units to individual buyers, commercial investors, and industrial operators across Saudi Arabia, supplemented by recurring facility management and catering services contracts tied to institutional projects such as the NEOM Modern Village (including a SAR 436 million catering partnership with Baan Holding over six years). Distribution is conducted via direct sales through the corporate website (areic.com.sa), on-site sales teams, and participation as Diamond Sponsor in the Restatex Riyadh Real Estate Exhibition. Strategic partnerships with marquee Saudi entities — NEOM, Aramco, MODON, SIDF, Saudi Facilities Management, Baan Holding, Mada Real Estate, Red Sea, SPARK, and Yanbu — anchor AREIC's positioning within the Kingdom's Vision 2030-aligned development ecosystem. The AREIC Diversified REIT fund trades on the Saudi stock exchange main market, providing a public capital-markets vehicle for its property portfolio.

Name

AREIC

Legal name

AREIC

Website

https://areic.com.sa

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Architectural, Engineering, and Related Services (5413), Management, Scientific, and Technical Consulting Services (5416)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)

Keywords

• Real estate development
• Residential property development
• Industrial real estate
• Mixed-use developments
• Commercial property development

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Sales: AREIC generates revenue through the development and sale of residential, commercial, industrial, and mixed-use real estate projects across Saudi Arabia. Revenue is realized through one-time property sales to end buyers and investors, supplemented by integrated facility management and hospitality services contracts.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

AREIC is a Saudi Arabian real estate development company that develops, sells, and manages residential, commercial, industrial, and mixed-use real estate projects across the Kingdom. Its portfolio includes flagship developments such as AREIC Tower in Riyadh, Rabiah Jizan in Jizan, AREIC Living in Al Khobar, and the AREIC Ready-Built Factories in Jeddah's MODON Industrial Oasis. The company also provides integrated facility management, hospitality, and catering services for institutional projects, including the NEOM Modern Village staff camp.

Product overview

AREIC is a Saudi Arabian real estate development company offering a diversified portfolio of property solutions. The company's core offerings include commercial real estate through AREIC Tower in Riyadh, residential developments via AREIC Living in Al Khobar, mixed-use projects such as Rabiah Jizan in the southwest, and industrial infrastructure through AREIC Ready-Built Factories in Jeddah. The company operates as a single-brand platform with multiple distinct product lines targeting residential, commercial, and industrial segments across different regions of Saudi Arabia.

Differentiator

Problem solved

Functional benefit

Brands

• AREIC Tower: A landmark tower in Riyadh featuring residential units with panoramic views, premium amenities including pools, spa, hanging gardens, and smart home technology.
• Rabiah Jizan
• AREIC Living
• AREIC Ready-Built Factories

Products and services

• AREIC Tower (برج اريك) A flagship commercial and residential tower development located in Riyadh, Saudi Arabia, featuring residential units with panoramic views, premium amenities (pools, spa, hanging gardens), and smart home technology. It serves individual residential buyers, lifestyle buyers, and commercial tenants seeking premium real estate in the Saudi capital.
• Rabiah Jizan (رابية جيزان) A master-planned mixed-use development spanning over 150,000 square meters in Al Rawabi District, Jizan, featuring 147+ residential and commercial plots. It serves individual home buyers, lifestyle buyers, and commercial/investment buyers in the southwestern region of Saudi Arabia.
• AREIC Living (اريك ليفينج) A residential development in Al Khobar's Al-Omal District offering apartments equipped with smart home technology and community amenities. It targets individual home buyers and lifestyle buyers in Saudi Arabia's Eastern Province.
• AREIC Ready-Built Factories (مصانع اريك الجاهزة) An industrial factory development in Jeddah's MODON Industrial Oasis spanning 100,000 square meters with 108 ready-built factories (89 standard units and 19 hazardous-material units). It is fully MODON-licensed and SIDF-compliant, serving factory owners and industrial operators needing turnkey manufacturing workspace in the Western Province.
• NEOM Modern Village Facility Management and Catering Services Integrated facility management, maintenance, technical supervision, energy management, sustainability-aligned services, and catering/provisioning for the NEOM Modern Village staff camp. The offering targets institutional clients and major national projects and is delivered in partnership with Marafq and Baan Holding.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• مرافق السعودية (Saudi Facilities Management Company)coreImplementation/ SI/ Consulting Partner · 16 September 2025AREIC signed a strategic agreement with Saudi Facilities Management Company (مرافق السعودية) for the management and operation of facilities at the Modern Village project in NEOM. The agreement was signed on the sidelines of Restatex Riyadh Real Estate Exhibition, where AREIC served as a Diamond Sponsor. The partnership involves maintenance, technical supervision, energy management, and sustainability-aligned services for the residential community.
• مجموعة بان القابضة (Baan Holding Group)coreStrategic or Co-development Partner · 1 September 2025AREIC, through its subsidiary Al-Khidad Al-Mustaqim (الخدمات المستديمة), signed a strategic partnership with Baan Holding Group to provide catering and provisioning services at the Modern Village staff camp in NEOM. The partnership is valued at approximately SAR 436 million over six years, ensuring high-quality food service and accommodation standards for residents and workers at the compound.
• شركة مدى العقارية (Mada Real Estate)majorStrategic or Co-development Partner · 1 September 2025AREIC signed a strategic cooperation agreement with Mada Real Estate during Restatex 2025, aimed at enhancing collaboration and supporting the development of Saudi Arabia's real estate sector. Mada Real Estate blends global expertise with local knowledge to provide tailored real estate solutions.
• الهيئة السعودية للمدن الصناعية ومناطق التقنية (مدن) / MODONcoreStrategic or Co-development PartnerAREIC's Ready-Built Factories project is fully licensed by MODON (Saudi Authority for Industrial Cities and Technology Zones), and the project is designed to meet the requirements of the Saudi Industrial Development Fund (SIDF). MODON provides the regulatory and infrastructural framework within which AREIC operates its industrial development.
• أرامكو السعودية (Aramco)majorStrategic or Co-development PartnerAramco is listed as a strategic partner of AREIC, indicating a collaborative relationship in real estate development initiatives.
• نيوم (NEOM)coreStrategic or Co-development PartnerNEOM is listed as a strategic partner of AREIC. AREIC is developing the Modern Village project within NEOM, supported by facility management and catering partnerships.
• روابط (Red Sea) / ريل sea / سبارك (SPARK) / ينبع (Yanbu)majorStrategic or Co-development PartnerRed Sea, SPARK, and Yanbu are listed among AREIC's strategic partners. These represent key Saudi national projects and industrial cities with which AREIC collaborates on development initiatives.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Roshn: PIF-backed Saudi residential developer operating the largest master-planned housing communities in the Kingdom; directly comparable as a Saudi-focused, giga-project-aligned residential developer competing for the same end-buyer demand addressed by AREIC Living and Rabiah Jizan.
• Dar Al Arkan Real Estate Development: Publicly listed Saudi real estate developer with a diversified residential, commercial, and mixed-use portfolio across the Kingdom; directly comparable to AREIC's master-planned community and tower strategy and competes for the same Vision 2030-aligned developer mandates.
• Jabal Omar Development: Saudi-listed mixed-use developer building large integrated urban districts with hospitality, residential, and commercial components; comparable to AREIC's integrated master-planned communities with adjacent managed-services and giga-project-aligned strategy.
• Emaar The Economic City (EEC / KAEC): Developer of King Abdullah Economic City, a Saudi mixed-use megaproject combining residential, industrial, and commercial zones under one regulatory master plan — structurally analogous to AREIC's Rabiah Jizan and Jeddah Ready-Built Factories model within MODON-style industrial cities.
• Taiba Investments: Saudi hospitality and real estate developer operating in Medina's central area; comparable to AREIC's integrated hospitality/community-management model around high-traffic pilgrimage and giga-project adjacent developments.
• Saudi Real Estate Company (SRECO / SEDCO Development): Long-established Saudi real estate developer and asset manager active in commercial and residential projects; comparable to AREIC on its combined development + asset management positioning and access to institutional Saudi capital for real estate deployment.
• Knowledge Economic City (KEC): Saudi economic-city developer operating in Madinah with mixed-use zones including residential, commercial, and industrial plots; comparable to AREIC's land development + ready-built industrial factory + residential model within a single economic-city framework.
• Retal Urban Development Company: Saudi-listed residential and mixed-use developer targeting modern apartment and community inventory across Saudi cities; directly comparable to AREIC's AREIC Living and AREIC Tower residential units and competes for the same Saudi mid-market housing demand.

Broad incumbents

• Emaar Properties: UAE-listed global real estate developer with Saudi operations and giga-project partnerships; broader incumbent whose mixed-use, branded-residential, and integrated-community management strategy mirrors AREIC's positioning across asset classes, though at substantially larger scale.
• Aldar Properties: UAE-listed diversified real estate developer and asset manager with growing Saudi exposure; broader incumbent that competes for institutional capital and large master-planned community mandates in the Gulf, with overlapping strategies in residential, commercial, and mixed-use projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/almutlaq-real-estate-investment-company
• Xx.com/areic_ksa
• Facebookfacebook.com/areicsaudi

Revenue estimate

Valuation estimate

Number of profiles

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 AREIC