Memar

What Memar does

Memar Development and Investment (معمار للتطوير والاستثمار) is a Saudi closed joint-stock real estate company founded in 2007 and headquartered at Tashkeel Tower on Olaya Street in Riyadh. The company develops, sells, leases, and operates assets across three sectors — hospitality, residential, and commercial — through three wholly-owned subsidiaries: Memar Hospitality (12 hospitality projects, 10 operational, 1,200+ hotel keys), Memar Properties (8 residential compounds and 4 commercial projects totalling 120,000 m²), and Memar Business Solutions (8 commercial projects totalling 90,000 m² serving 40+ corporate tenants). Its published portfolio of 21 projects covers roughly 250,000 m² and SAR 1 billion in real-estate assets across five Saudi cities (Riyadh, Jeddah, Makkah, Al Khobar, and Khamis Mushait), with a stated target to reach eight cities by 2030.

The operating model is built on a vertically integrated platform in which Memar develops the asset, partners with international operators (Rotana, Radisson, and more recently Sukunay under the Memar Partners programme) for hospitality distribution, and handles commercial leasing in-house through Memar Business Solutions. The firm pursues a 'human-centred' development philosophy branded as Annasah and targets LEED Silver certification on all new projects, aligning its roadmap with Saudi Vision 2030 quality-of-life and tourism objectives. Notable assets include Edge Al Rabie (Rosali Rayhan by Rotana, 70-71 keys), Boudl Al Munsiyah (157 keys), Al-Balad Hotel Jeddah (158 units), Tashkeel Tower (commercial HQ), Cargo Center near King Khalid Airport (50,000 m² logistics), and the under-development Tashkeel Hotel (158 keys). Leadership is chaired by Naif Saleh Alrajhi with Abdulaziz Al Meqren serving as Managing Director and CEO.

Revenue derives from a combination of one-time residential and commercial property sales and recurring streams from hotel operations and commercial leasing. Pricing is not publicly disclosed; distribution relies on direct sales teams, brand-channel partnerships (Rotana, Radisson, Sukunay), and a presence at Saudi real-estate events such as Cityscape. The company raised capital to SAR 485 million through a 2022 private placement and relies on social media, an email newsletter, and its corporate website (memar.sa) for demand generation. In November 2025, Memar signed five strategic MoUs at Cityscape — with Sukunay, Raven Real Estate, Heyazah Real Estate Development, Sukouk Al Maliyah, and Forsa Al Maliyah — to extend distribution, operations, and capital capabilities.

Name

Memar

Legal name

Memar Development & Investment (معمار للتطوير والاستثمار)

Website

https://memar.sa

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Memar is a Saudi closed joint-stock real-estate developer founded in 2007 in Riyadh, operating three subsidiaries across hospitality, residential, and commercial sectors with 21 projects, 1,200+ hotel keys, and SAR 1 billion in assets across five Saudi cities.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Real estate sales: Development and sale of residential and commercial properties, including integrated residential compounds, hotel units, and commercial spaces.
2. Hospitality operations: Hotel development and management through Memar Hospitality subsidiary, operating hotels in partnership with international brands such as Rotana (Rayhaan by Rotana) and Radisson. Revenue generated from hotel room rentals and hospitality services.
3. Commercial leasing: Leasing of commercial spaces including offices, showrooms, retail frontages, and logistics centres (Cargo Center) across Riyadh, Jeddah, and the Eastern Province. Memar Business Solutions manages these commercial assets providing integrated services from design to operation.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Memar is a Saudi real-estate developer and investor that develops, sells, leases, and operates hospitality, residential, and commercial properties across five Saudi cities through three subsidiaries. Its portfolio covers 12 hotel projects (including Rotana- and Radisson-branded assets), 8 residential compounds, and 8 commercial projects spanning 250,000 m² of developed area with SAR 1 billion in real-estate assets.

Product overview

Memar is a Saudi real estate development and investment company organized into three distinct divisions operating across hospitality, residential, and commercial sectors. The company's core structure consists of Memar Hospitality (hotel development and management with partnerships including Rotana and Radisson operating 12 projects), Memar Properties (residential and commercial development with 8 residential compounds and 4 commercial projects), and Memar Business Solutions (business real estate solutions for offices, logistics centers, and retail). The portfolio encompasses 21 published projects across five Saudi cities: Riyadh, Jeddah, Makkah, Al Khobar, and Khamis Mushait, including 10 operational hotels, 3 residential compounds, and 8 commercial properties totaling approximately SAR 1 billion in assets and 250,000 m² of developed space.

Differentiator

Problem solved

Functional benefit

Products and services

• Memar Hospitality Memar's hospitality subsidiary that develops and manages hotel projects in partnership with international hotel brands such as Rotana and Radisson. Oversees 12 hospitality projects (10 operational) with 1,200+ keys across five Saudi cities, including Rayhaan by Rotana and others operating under the Memar Partners programme (Sukunay).
• Memar Properties Memar's real-estate subsidiary developing and selling residential compounds and commercial projects. Operates 8 residential compounds and 4 commercial projects across Riyadh, Jeddah, and the Eastern Province with 120,000 m² of built area. Targeted at families and end-user buyers seeking integrated housing in Saudi cities.
• Memar Business Solutions Memar's commercial business-real-estate subsidiary offering offices, logistics centres, and retail frontages with integrated services from design to ongoing operation. Covers 8 projects totalling 90,000 m² and serves 40+ corporate clients across Riyadh, Jeddah, and the Eastern Province.
• Edge Al Rabie (Rosali Rayhan by Rotana) Hotel project on Al-Takhassusi Street in Al-Rabie District, Riyadh with 70-71 units operating under the Rayhaan by Rotana brand, including two function rooms, restaurant and café, located near KAFD and Kingdom Hospital.
• Boudl-Al Munsiyah Hotel 4-star hotel with 157 keys on Thumamah Road in Al Munsiyah District, Riyadh, featuring restaurant, café, spa, and lounges for business travellers and tourists.
• Aber-Al Munsiyah 3-star hotel with 76 keys on Thumamah Road in Al Munsiyah District, Riyadh, featuring restaurant, café, spa, and lounges.
• Nova M Hotel on Olaya Street in Al Wurud District, Riyadh with 104 keys, offering restaurant, café, spa, and gym facilities for business and leisure travellers.
• Snood Al Narjis Hotel (180 Degree Al Narjis) High-quality furnished residential units near King Khalid International Airport in Al Narjis District, Riyadh, suitable for business travellers and tourists, with restaurant, café, spa, and swimming pool.
• Al Khobar Hotel (Serena) Hotel in Al Khobar, Eastern Province with 80 keys on a 5,666 m² built-up site, offering a contemporary hospitality experience for business travellers and tourists.
• Tashkeel Hotel Hospitality project on Olaya Street in Al Wurud District, Riyadh, adjacent to Tashkeel Tower, spanning 8,125 m² built-up area with 158 hotel keys serving business travellers and visitors.
• Al Sahafa Hotel (Park View) Hotel in Al Sahafa District on King Fahd Road, Riyadh, with 114 tastefully designed units of different sizes, on the main artery connecting northern and southern Riyadh near King Abdullah Financial District.
• Al-Balad Hotel Hotel in historic Al-Balad District, Jeddah, with 158 units featuring authentic Hijazi design harmonising with Historic Jeddah's identity, including restaurant, café, spa, and gym.
• Lamar Hotel Mecca Hotel on Ajyad Street in Mecca, 1.8 km from the Grand Mosque, with 111 units featuring restaurant and café for pilgrims and visitors.
• Nour Al-Nasim Mecca Hotel in Al-Nasim District of Mecca with 124 units providing integrated hospitality experience for visitors of the Holy Mosque.
• Noura Compound Integrated residential compound in Al Yasmin District, Riyadh, with 115 residential units (single-storey and duplex), featuring garden, walking track, café, commissary, swimming pool, kindergarten, school transport, and 24/7 security for families and individual buyers.
• Al-Balad Residential Residential project in Al-Balad District, Jeddah, offering 260 units in two 17-storey towers on 7,115 m² of land, built in an environmentally friendly, energy-efficient manner.
• Al-Nakheel Residential Residential compound in Al-Nakheel District, Jeddah, with 130 housing units on three plots, located near Mecca Gate, King Abdulaziz International Airport, and King Abdulaziz University.
• Tashkeel Tower Commercial tower with 4,800 m² across 11 floors plus two levels of underground parking and VIP ground-floor parking, located on Olaya Street in Al Wurud District, Riyadh, and housing Memar's corporate headquarters.
• Cargo Center Commercial centre in the support area of King Khalid International Airport, Riyadh, on 50,000 m² land with 110 keys, offering furnished offices, storefronts, and warehouses with parking for 500 cars and 200 trucks plus 24/7 security.
• Arc Avenue Commercial complex on Salahuddin Road in Khamis Mushait covering 28,000 m² land area with 52 units, featuring restaurants, cafés, retail showrooms, walking trails, prayer space, and entertainment facilities.
• Mist Center (Must Riyadh) Commercial complex on 100,000 m² land on Thumamah Road in Al-Munsiyah District, Riyadh, with 14,000 m² leasable space, 60% green spaces, hiking facilities, luxury restaurants, and walking/cycling paths in an environmentally friendly development.
• Rabih 2 Center Commercial centre on King Abdulaziz Road in Al Rabie District, Riyadh, with 2,712 m² net leasable area and 889 m² showrooms, with a capacity of 124 keys.
• Rabih 1 Center Shopping centre on King Abdulaziz Road in Al Rabie neighborhood, Riyadh, covering 3,000 m² with 2,712 m² leasable office space and 889 m² showrooms.
• Al-Muhammadiyah Center Commercial centre on Prince Turki Bin Abdulaziz I Road in Al-Muhammadiyah District, Riyadh, on 2,500 m² land with 1,442 m² office space and 1,347 m² showrooms.
• Al-Takhassusi Center Commercial centre in Al Nakheel District on Al-Takhassusi Street near Riyadh northern ring, covering 4,000 m² with 12 offices (1,442 m²) and 8 showrooms (1,630 m²), with a capacity of 20 keys.

Quantifiable outcome

• SAR 1 billion in real-estate assets
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Heyazah Real Estate DevelopmentcoreStrategic or Co-development Partner · 19 November 2025Strategic MoU signed during Cityscape to expand excellence across real-estate, hospitality, and business solutions sectors in collaboration with one of the Kingdom's leading development companies.
• Raven Real EstatecoreStrategic or Co-development Partner · 18 November 2025Strategic cooperation agreement signed during Cityscape 2025, aimed at launching a new phase in developing hospitality experiences through innovative, advanced solutions that reshape the standards of hotel operations. Embodies Memar's commitment to creating smart solutions that elevate guest experience and bring qualitative improvement in operational efficiency.
• SukunaycoreStrategic or Co-development Partner · 1 January 2025MoU signed at Cityscape 2025 for operating and managing hotel units under the Memar Partners programme. Represents a strategic collaboration that enhances real-estate asset quality and elevates hospitality services, affirming both parties' commitment to developing projects that improve residential and guest experience.
• Sukouk Al MaliyahsupportingGTM or Marketing Partner · 1 January 2025MoU signed at Cityscape to develop investment and financing solutions that strengthen the urban development sector. Combines Memar's urban innovation expertise with Sukouk's investment services competence to launch initiatives that support growth and entrench value and sustainability concepts in the market.
• Forsa Al MaliyahsupportingGTM or Marketing Partner · 1 January 2025MoU signed at Cityscape to open new investment pathways in the real-estate sector, aligned with and reinforcing the ambitious goals of Saudi Vision 2030.
• RotanacoreChannel Partner/ Reseller/ Distributor · 1 January 2015Memar Hospitality operates hotel projects in partnership with international hotel brands. Rotana manages the Edge Al Rabie (Rosali Rayhan by Rotana) hotel, leveraging Rotana's brand, distribution network, and operational expertise.
• RadissoncoreChannel Partner/ Reseller/ Distributor · 1 January 2015Memar Hospitality operates hospitality projects in partnership with international hotel brands including Radisson, which provides brand management and distribution for select Memar hotel assets.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/memar_dev
• Facebookfacebook.com/people/Memar-Development-and-Investment/61571123730652
• LinkedInlinkedin.com/company/memar-development-and-investment

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

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 Memar