Alijarah Holding Company is expanding operations into Saudi Arabia

Alijarah Holding Company is expanding its operations into Saudi Arabia with the establishment of a new subsidiary, Alijarah Al Mubtakrah Al Aqariya.This move is part of the company's broader strategy to tap into the real state market across the Gulf countries, the company said in a statement published on Qatar Stock Exchange (QSE) website.The CEO of Alijarah Holding Company Hamad Al Jamali said that the company has begun its investment activities by purchasing a land in Jeddah's Al-Rawdah district.He highlighted the strategic decision to invest in Saudi Arabia due to its promising market conditions, including a strong urban development boom and high purchasing power. This is aligned with the company's goal of achieving high returns for its investors.Saudi Arabia presents a fertile ground for investments not only in real estate but also in sectors like healthcare, education and retail, he added.