ABOUT US
“We are part of this nation and believe in the Kingdom’s potential.
At RIKAZ, we don’t just develop real estate we create homes for families, offices that fuel businesses, and entertainment venues that offer experiences. Since 1997, we’ve laid the foundations for a vibrant society, a thriving economy, and an ambitious nation in line with Vision 2030.
I’m privileged to work with a talented, creative, and quality-driven team. Our goal is to develop standout projects in design, functionality, and cost; ultimately building better lives for our communities.
Beyond construction, we add social, economic, and environmental value to the communities we serve. This is our commitment to the future of our country, and we are proud to be RIKAZ.”
Khalid bin Hassan Al-Qahtani
CHAIRMAN & CEO
RIKAZ is a heritage-rich and large-scale real estate developer, driven by a commitment to building excellence in projects and fostering thriving communities. Through partnerships and a dedication to stakeholder value, RIKAZ aims to create a lasting impact. Our ethos reflects in the development of unique, attractive, innovative, and sustainable built environments that empower communities, generate consistent returns for investors, deliver increased value to clients and provide employees with professional growth opportunities.
MISSION
Creating attractive, innovative, and sustainable real estate development projects that enhance the spirit of the community. We aim to achieve consistent, risk-adjusted returns on investment for our shareholders, value for customers, and professional growth opportunities for employees.
VISION
Developing unique built environments including homes, offices, commercial hubs, or hotels that serve as a foundation for community growth and prosperity. We are a partner in success and believe in mutual benefit for our investors, clients, and the nation.
SINCE 1997
Arabian Property Awards 2023-2024 Five Stars – Best Development Marketing (The Node)
Arabian Property Awards 2014-2015 Five Stars – Best Mixed-Use Development (Al-Qanadeel-Mecca)
Arabian Property Awards 2015-2016 Five Stars – Best Mixed-Use Development (Downtown RIKAZ – Al-Khobar)
Arabian Property Awards 2015-2016 Five Stars – Best Development Marketing (Al Qanadeel – Mecca AlMukarrama)
Arabian Business Awards 2016 Residential Company of the Year
Founder of Maskani RE Educational Program
Cityscape Architecture Award
M.E. Advertising Sward Award
Proud Sponsor of First TV Program in Real Estate in CNBC Arabia
Restatex Al-Sharqiya 2015 Best Real Estate Marketer in Eastern Province
KSA Enterprise Agility Awards 2015 Project of the Year – Entrepreneur of the Year (Downtown RIKAZ)
MIPIM Award Best Overall Design
MIPIM Award Best in Master-Planned Communities