Our Sectors
...Commercial centers
Employment and public benefit
At Riyadh Development Company, we play the role of the main operator of public benefit markets in the field of fresh products and meat, in addition to operating the public transportation center between cities and the car auction activity.
Globally, the fresh produce sector is the fastest growing. Locally, the sector is expected to grow at an annual rate of 6.8% by 2026. This growth is supported by several government initiatives, led by the Ministry of Environment, Water and Agriculture and the Ministry of Health. Furthermore, the increasing population globally and in the Kingdom will lead to increased consumer spending. In light of this, we at Arriyadh Development Company have identified global best practices to adopt an approach that will enable us to achieve maturity in our operations in this vital sector and leverage our expertise to seize opportunities across the sector's value chains. It is worth noting that the size of the fresh produce sector in the Kingdom of Saudi Arabia exceeds SAR 60 billion annually, with 60% of these transactions passing through the company's central market for vegetables and fruits (Al-Azizia Wholesale Market for Vegetables and Fruits).
Regarding car auctions, the used vehicle sector is witnessing a 4% annual growth rate for the period 2021-2027 globally. This is driven by the growing middle-income population, the ease and reliability of digital transactions, and a shortage of vehicles due to challenges in global supply chains. Locally, the used vehicle market in the Kingdom is expected to witness an acceleration comparable to global growth, with an annual growth rate of 5% by 2027. This is driven by rising vehicle ownership rates, the increasing number of women owning and driving vehicles, the growing need for transportation, the increasing number of new workers in the Saudi market, and the desire of many to benefit from the non-implementation of the value-added tax increase on used car sales among individuals. In light of this, we at Arriyadh Development Company have examined global best practices to adopt an approach that will enable us to increase operational efficiency and maximize our leadership in this sector.
Employment and public benefit projects
04
Commercial Offices
03
Construction auction
Car Auction
Car Auction
02
AlTameer Public
Transport Center
Transport Center
01
Fresh Products
AlAziziyah Wholesale Market for Vegetables and Fruits
