Saudi Investment Company
Riyadh-based commercial real estate developer founded in 2005 that develops, leases and manages retail and office properties in Saudi Arabia, including the Automoto Mall in Al-Khobar.
Industry: Commercial real estate development and leasing | Location: Riyadh, Saudi Arabia | Founded: 2005
About Saudi Investment Company
Saudi Investment Company, abbreviated SICO, is a commercial real estate development company headquartered in Riyadh, Saudi Arabia. LinkedIn states that it was founded in 2005, has a branch office in Dammam, and develops and leases retail and office properties.
Its operating companies are Eshraf, which handles project management, Nabtat, which handles landscaping, and Franchise, which handles property management. LinkedIn names the Automoto Mall in Al-Khobar and Al Muzahmiyah Mall among its projects, and says a shopping mall is under development in Quwaieyah. City AM, reporting on a 2024 partnership, described the Automoto centre and Al Muzahmiyah Mall, the first shopping centre in Al Muzahmiyah, about 50 kilometres west of Riyadh, and said SICO also offers consulting on maximising investment returns and managing real estate projects.
On 1 October 2024 Milan-based Progetto CMR International announced a joint venture with SICO called Progetto CMR Saudi. The Riyadh-based company acts as Progetto CMR's regional office for integrated design in Saudi Arabia. Progetto CMR International holds 51 percent and SICO holds 49 percent. City AM named Sultan Al Shathri as a SICO board member and Fahad Nasser Al Shathri as its general manager.
Leadership
- Fahad Nasser Al Shathri, General Manager
- Sultan Al Shathri, Board Member