December 2021) Arabian Centres
Company, the leading owner, developer, and operator of lifestyle shopping centres
in Saudi Arabia, has been ranked the largest real estate developer in the Kingdom
of Saudi Arabia, and the ninth largest among real estate
developers in the Middle East and North Africa (MENA) region, by Forbes Middle
East for 2021. The rankings by Forbes highlight Arabian Centres’ leading
position as Saudi Arabia’s premier provider of organized retail space, with a
strong and expanding presence in each of the Kingdom’s three main regions:
Western, Central, and Eastern. Nearly two decades of experience in design and
development have given Arabian Centres an unmatched ability to move projects
rapidly and efficiently from design to delivery.
Arabian Centres holds a portfolio of 23 commercial centres across the Kingdom of Saudi Arabia, with a total gross leasable area (GLA) of 1.36 million square meters (sqm). ACC has inaugurated two new properties during the current fiscal year: Jeddah Park and The View (Riyadh). The launch of Jeddah Park in mid-2021 introduced an additional 121 thousand sqm of GLA, while the inauguration of The View in November brings another 53 thousand sqm of new GLA to ACC’s portfolio. Built on freehold property overlooking King Salman Park in Riyadh, The View and introduces yet another innovative and unique lifestyle offering to the rapidly growing Riyadh market, deepening its presence and differentiating its offering in the Kingdom’s capital city. Arabian Centres plans to launch a further six centres over the next four years, covering the cities of Riyadh, Jeddah, Madinah and Qassim, and further strengthening the Company’s leading market position.