Abdullah Al-Othaim Investment Company Continues Development of 'Al-Othaim Train - Al-Ahsa' Project with Investments of 286 Million Riyals and Completion Rate Reaching 76%
تواصل شركة عبدالله العثيم للاستثمار تطوير مشروعها المتكامل في الأحساء بالشراكة مع الخطوط الحديدية السعودية، متجاوزة ثلاثة أرباع الإنجاز في المركز التجاري، ضمن استثمار إجمالي يبلغ 286 مليون ريال.
Abdullah Al-Othaim Investment Company continues to implement the "Al-Othaim Train - Al-Ahsa" project, an integrated multi-purpose destination developed in strategic partnership with the Saudi Railways Company (SAR), with investments amounting to 286 million riyals, as part of its commitment to developing destinations that enrich daily life details, enhance quality of life, and contribute to supporting economic and tourism growth, in line with the objectives of the Kingdom's Vision 2030.
The project is witnessing rapid progress in execution, with the completion rate of the commercial center reaching 76%, an indicator reflecting the project's transition to an advanced development stage, and continued work according to the highest quality and efficiency standards, in preparation for offering a distinctive destination that adds new value to Al-Ahsa Governorate.
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The "Al-Othaim Train - Al-Ahsa" project spans an area exceeding 85,000 square meters, and is being developed as an integrated destination combining shopping, hospitality, and services within a comprehensive experience catering to residents, visitors, and travelers, benefiting from its strategic location adjacent to the Saudi Railways station, thereby enhancing the project's status as a new urban gateway in the governorate.
The project embodies a model of partnership between Abdullah Al-Othaim Investment Company and the Saudi Railways Company (SAR), aiming to maximize the benefit of strategic sites linked to national infrastructure, and transform them into integrated destinations that contribute to stimulating economic activity, enhancing investment attractiveness, and supporting sustainable urban development.
Upon completion, the project will include a commercial center with a leasable area of 24,500 square meters, along with a hotel comprising 120 rooms, 13 hotel apartments, in addition to 881 parking spaces, offering an integrated experience combining shopping, hospitality, and services in one destination.
The project is designed to be more than just a commercial center, as it will offer an integrated experience combining shopping, accommodation, and daily services in a modern and interconnected environment, enhancing quality of life, providing a new destination for Al-Ahsa residents and visitors, and enriching the commercial and tourism landscape in the governorate.
Al-Ahsa is considered one of the most prominent heritage and tourism destinations in the Kingdom, thanks to its cultural heritage, natural features, and strategic location, along with its continuous economic growth and expansion in the tourism, retail, and hospitality sectors, which enhances its status as an attractive destination for quality investments.
Mr. Abdulmalik bin Abdullah Al-Othaim, Vice Chairman of the Board and CEO of Abdullah Al-Othaim Investment Company, said: "The 'Al-Othaim Train - Al-Ahsa' project embodies our vision of developing integrated destinations that respond to the needs of cities and communities, and achieve sustainable economic and social value. We are proud of our partnership with the Saudi Railways Company (SAR), which represents a successful model of integration in developing quality projects that invest in strategic sites, enhance quality of life, and contribute to achieving the objectives of the Kingdom's Vision 2030."
He added: "The progress witnessed by the project reflects our commitment to implementing projects according to the highest standards of quality and operational efficiency. We look forward to offering a destination that combines shopping, hospitality, and services, enriches the experience of residents and visitors, and contributes to solidifying Al-Ahsa's position as a leading commercial, tourism, and investment destination."
The project is scheduled to open in two phases, the first starting with the opening of the commercial center, followed by the second phase with the opening of the hotel. Upon completion, the project is expected to attract local and global brands, enhance the hospitality sector, create direct and indirect job opportunities, support small and medium enterprises, as well as contribute to stimulating the local economy and consolidating Al-Ahsa's position as a destination for investment and tourism.
The "Al-Othaim Train - Al-Ahsa" project is part of a portfolio of projects being developed by Abdullah Al-Othaim Investment Company in various regions of the Kingdom, through which it continues to develop integrated destinations that bring people together, stimulate local economies, and create sustainable value for individuals and communities, in line with its mission to enrich daily life details and support the objectives of the Kingdom's Vision 2030.
Original source: Al-Yaum
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