Al-Othaim Investment Achieves 70% Saudization Rate, Aims to Generate Employment for 50,000 Citizens by 2030

Al-Othaim Investment Company has initiated the launch of several companies and the implementation of over 23 projects, encompassing the development of existing initiatives and the establishment of a new set of comprehensive, multi-use model projects. These endeavors are expected to have a significant social impact, positively influencing job opportunities and Saudization rates.

Bader AlFaheed, the Executive Director of the Human Capital Sector at Al-Othaim Investment Company, highlighted the company’s success in achieving high nationalization rates across various business sectors. Al-Othaim Investment continues to attract national talent from the country’s young men and women, particularly through recently launched ventures in malls, commercial centers, and the hospitality sector. In sectors such as hotels, restaurants, cafes, entertainment, fashion, cinemas, research, artificial intelligence, and sports centers, the company currently employs over 3,500 male and female workers, achieving a nationalization rate exceeding 70% and a feminization rate surpassing 36%.

As part of its strategic transformation into comprehensive, multi-use model projects, Al-Othaim Investment aims to experience a substantial increase in employment, targeting more than 50,000 Saudi male and female employees directly and indirectly by 2030. This commitment aligns with the goals outlined in the Kingdom’s Vision 2030, showcasing the company’s awareness of its national responsibilities and social role. By integrating its work cycle with the community in every region of its facilities, Al-Othaim Investment strives to be a significant contributor to job creation, considering the members of the local community as partners in the success of its investment facilities.

To further support its workforce development initiatives, Al-Othaim Investment has entered into agreements with various government agencies. Notably, an agreement with the Saudi Entertainment Academy aims to train and qualify 100 Saudi young men and women to obtain the General Entertainment Authority’s diploma, with guaranteed employment upon completion. Similar agreements have been forged with the General Corporation for Technical and Vocational Training, among other government entities.

Bader AlFaheed emphasized the pivotal role of the human element in the success of any institution, underscoring the company’s dedication to attracting top talents.

Al-Othaim Investment consistently opens job applications to individuals seeking positions that align with their qualifications, offering clear career paths with competitive salaries, incentives, and bonuses. The company also prioritizes continuous and diverse training programs through the Al-Othaim Training Academy, focusing on areas such as English language proficiency, computer skills, and business administration. These programs provide employees with real-world experiences, ensuring the enhancement of technical, mental, and human skills, as well as fostering positive attitudes and improving performance levels.

Notably recognized among the “50 best” real estate developers in the Gulf for 2023, Al-Othaim Investment Company currently owns 12 commercial complexes with a diverse portfolio of investment projects under implementation and in the pipeline. The company’s expansive projects, totaling 23, are distributed across key regions and cities of the Kingdom, including Riyadh, Dammam, Al-Khobar, Jubail, Hail, Al-Kharj, Jazan, Qurayyat, Khamis Mushait, Al-Madhanb, Madinah, and Buraidah. These ventures encompass investments exceeding 12 Saudi billion riyals and span various sectors, including major commercial complexes, hotels, real estate investment, entertainment, cinema, fashion, restaurants and cafes, artificial intelligence, sports centers, residential units, and commercial offices.