04. AlTameer Cold Storage Located over 27 , 000 m2 near AlTameer fresh produce markets , the company’s cold storage warehouses are instrumental in meeting the markets’ logistical needs. The first unit was leased out in 2013 , after 4 years of development beginning in 2009. 05. AlAziziyah Plots Parcels of land with a total area of 46 , 000 m2 strategically located along the South Ring Road. These plots are are leased out in a build- operate agreement. Initially acquired in partnership with several investors in 2004. 06. Office Building Acquired in 2022 , and consists of 12-story office space with two-story parking , developed over a 3 , 346m2 plot , with a total of 10 , 500 m2 leasable area.
Our Business Real Estate Investment and Development
Since 2001 , ARDCO has invested in developing infrastructure and raw land for various residential plans and communities in north and northeastern Riyadh. It has also developed numerous retail , residential , and public good services projects in central Riyadh , as well as leading development in multiple residential plans and communities within the city. ARDCO has established itself as a leading entity in real estate investment and development in Riyadh and the Kingdom. With this sector being one of the main drivers of growth for ARDCO’s new corporate strategy , we have identified key real estate sectors for investment which will maximize shareholder returns in the years to come. ARDCO’s strategy is founded on investment and economic acumen that delivers sustainable financial returns for investors. It achieves this by diversifying its income in leasing within its assets and centers , as well as leasing available space within projects that the company operates and manages. They are as follows:
01. AlTameer Wholesale Center Developed in 2000 and considered ARDCO’s first and largest project to date. A mixed-use complex with retail , office , and residential units , located in AlDirah area on a plot in excess of 105 , 000 m2. 02. Oteiqah Central Market Built on an area of over 196 , 000 m2 , phase one of Oteiqah Central Market was inaugurated in 2016 , with phase two following three years later in 2019. Developed in partnership with Riyadh Municipality as the landowner on a B.O.T agreement , Oteiqah is a historically significant landmark that offers a multitude of food options , from fresh produce to dates , meat , fish , and legumes to individual consumers and SMEs. 03. Riyadh AlTameer Market Opened in 1999 , over 38 , 000 m2 of property situated near the intersection… between AlBatha Street and South Ring Road , it is a multiuse complex with retail and office units. The market is part of a larger development along with the nearby AlAziziya central market that evolves into a singular comprehensive service complex.
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