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RIKAZ Launches ZAYA to Develop Residential and Commercial Projects with Investments Totaling SAR 600 million

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 RIKAZ announces the launch of ZAYA, its affiliate company specializing in developing residentia and commercial projects, with investments amounting to SAR 600 million.

The launch of ZAYA reflects the company’s commitment to expanding its activities in the Kingdom and meeting the increasing needs in the housing and commercial sectors. ZAYA focuses on developing real estate projects characterized by modern and innovative designs, utilizing advanced infrastructure technologies, thus enhancing project efficiency, and demonstrating its capability to meet the market’s needs. The newly established company aims to provide an exceptional living experience for citizens in the Kingdom, while ensuring a blend of luxury and quality in every project.

These objectives are part of the company’s vision to deliver unprecedented new projects that meet citizens’ needs and fulfil their aspirations for modern living, contributing to achieving the Kingdom’s Vision 2030.

Currently, ZAYA has five milestone projects under development: SKAYA, UPSCALA, UPTOWN, and several other projects in the Dhahran, Khobar, and Riyadh areas, combining luxurious living and modern commerce while providing green spaces and advanced recreational facilities.

Additionally, AZAYA Beach, a beach club dedicated to ZAYA’s customers, will upscale their unique residential experience. ZAYA is working to achieve its vision, which centers on the aspirations and needs of its customers, reinforcing its leading business model in the region.

As part of its expansion plan in the Kingdom, RIKAZ Company plans to launch several key projects in the hospitality sector in Riyadh, Asir, Abha, and Al-Ahsa, with a total area exceeding 800,000 square meters and investments exceeding one billion Saudi Riyals.

RIKAZ has also entered the logistics sector by launching the Node project with investments of SAR 1.1 billion, which is considered the largest integrated logistics service complex in the Kingdom. This project aims to meet the growing demand for high-quality logistics properties that support various economic sectors. Two phases of the project have been launched so far, and it is expected to achieve sales exceeding SAR 1.5 billion.

Mr. Khalid bin Hassan Al-Qahtani, Chairman and CEO of RIKAZ, expressed his happiness at the launch of ZAYA, confirming that this step represents a quantum leap in the company’s journey to enhance its presence in the Saudi market.

He added: “We are proud to launch ZAYA, which we see as part of our ambitious strategy for expansion and development. The launch of ZAYA aligns with our long-term plans that comply with the Kingdom’s Vision 2030, which we consider a key reference in all our projects. Our vision is to be a key partner in achieving the Kingdom’s goals by delivering projects that meet the highest global standards and support sustainable development.”

Mr. Khalid Al-Ward, CEO of Zaya, added, “The launch of ZAYA comes amid the company’s ongoing efforts to expand its investments across various real estate sectors, providing an opportunity for excellence in line with the local and international market demands through developing modern projects that contribute to building integrated communities, ensuring prosperity and well-being for their residents.”

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“كونيKONE-” تحتفي بالذكري الخمسين للعلاقات الدبلوماسية بين فنلندا والإمارات وتؤكد التزامها برؤية الإمارات الحضرية المستقبلية

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شاركت شركة “كونيKONE- ” سفارة فنلندا لدى دولة الإمارات العربية المتحدة في الاحتفال بالذكرى الخمسين لإقامة العلاقات الدبلوماسية بين البلدين، بالتزامن مع الاحتفال بعيد استقلال فنلندا، وذلك خلال فعالية أُقيمت في دبي. وقد شكلت هذه المناسبة لحظة هامة أبرزت عمق الروابط المتنامية بين البلدين، كما سلطت الضوء على الإسهام المتزايد للابتكار الفنلندي في دعم التحول الحضاري للإمارات والذي يشهد تطوراً متسارعاً.

أُقيم الحفل في مكتبة محمد بن راشد، التي تُعد رمزاً معمارياً يجسد التزام دولة الإمارات بالمعرفة والتصميم والتعاون الثقافي. وعكست الفعالية القيم المشتركة التي تربط فنلندا والإمارات المتمثلة في الابتكار، والاستدامة، والرؤية طويلة الأمد للمدن المصممة لخدمة الإنسان أولاً. تتوافق هذه المبادئ بشكل وثيق مع غاية شركة ” كوني-KONE ” ودورها في دعم حقبة التنمية الحضرية القادمة للإمارات.

قالت تولا يريولا، سفيرة فنلندا لدى دولة الإمارات العربية المتحدة: “تُعد شركة “كونيKONE- ” مثالاً قوياً على الابتكار الفنلندي الذي يزدهر عالمياً.  إن ريادتها في دولة الإمارات تعكس نقاط القوة الفنلندية في التكنولوجيا والتصميم والاستدامة، كما تعكس طموحنا المشترك لبناء مدن ذكية محورها الإنسان.” وأضافت سعادتها: “إن احتفالنا بخمسين عاماً من الصداقة بين فنلندا والإمارات، ويوم استقلالنا، جنباً إلى جنب مع شركة تجسد هذه القيم، يؤكد الفرص الكبيرة للتعاون المستمر بين فنلندا والإمارات، ونتطلع إلى الخمسين عاماً المقبلة من الشراكة القوية”.

ومع تسارع خطط التنمية في دبي على مستوى الدولة، تمثل المراكز الناشئة مثل “دبي الجنوب” الجبهة التالية للتوسع الحضري. وبرؤية ترتكز حول التنقل المتكامل، والمجتمعات المستدامة، ونمط العيش الخاص بالجيل القادم، تبرز “دبي الجنوب” زيادة الطلب لحلول متقدمة من تدفق الأفراد. إن خبرة ” كونيKONE- ” العالمية في أنظمة التنقل عالية السعة والمصممة حول الإنسان تضع الشركة كشريك موثوق وقوي لدعم مثل هذه الطموحات الحضرية واسعة النطاق.

وقال هادي نمر، المدير العام لشركة “كونيKONE- ” في دولة الإمارات العربية المتحدة: “إن تواجدنا في الإمارات يرتكز على شراكات طويلة الأمد مع عملائنا. فنحن نعمل بشكل وثيق مع المطورين والاستشاريين والمشغلين لضمان أن كل حل نقدمه يدعم رؤيتهم طويلة الأمد ويلبي احتياجات المستخدمين اليومية لهذه المباني. فالتزامنا يتجاوز بكثير مجرد عملية التركيب، حيث يعكس طموحاً مشتركاً مع دولة الإمارات لبناء مدن عالمية المستوى محورها الإنسان، وتعتمد على تقنيات مستدامة وموثوقة وجاهزة للمستقبل.”

تواصل ثقافة “كونيKONE- “، القائمة على السلامة، والجودة، والاستدامة، والقيم المشتركة القوية، توجيه مساهمتها في دعم المشهد الحضري المتطور للإمارات.  ومع التركيز على القيمة طويلة الأجل، والابتكار، والشراكات الموثوقة مع العملاء، تظل “كونيKONE- ” ملتزمة بدعم مسيرة الدولة نحو مدن ذكية محورها الإنسان، وتتمتع بمكانة رائدة عالميًاً.

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Strategic Insights from Dr. Andrey Rogachev on Corporate Finance & Investment Trends Reshaping the UAE Market

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As the UAE moves toward another year of strong non-oil economic expansion, Dr. Andrey Rogachev, a leading expert in corporate finance, governance, and cross-border investment strategy, has released his 2026 outlook outlining the trends shaping business and investor behaviour across the Emirates.

With diversification, technological evolution, and global economic shifts accelerating, 2026 is expected to be one of the most strategically significant years for capital deployment in the UAE. According to Dr. Rogachev, several high-growth sectors are already attracting heightened domestic and international investment.

These include advanced technology and AI-driven innovation powered by the UAE’s digital transformation agenda; renewable energy and clean technologies aligned with national sustainability commitments; logistics and trade infrastructure reinforced by the UAE’s global connectivity; healthcare and life sciences responding to rising demand; and premium real estate and construction, particularly in sustainable, mixed-use, and experience-led developments.

In this changing landscape, Dr. Rogachev highlights that businesses are rethinking how they structure capital, manage liquidity, and safeguard financial resilience. Organisations across the UAE are adopting more agile corporate-finance models that incorporate diversified funding channels, flexible debt structures, active cost optimisation, and long-range scenario planning to navigate uncertainty.

Dr. Rogachev stresses that disciplined risk management will define which companies succeed in 2026. “In 2026, organisations must balance growth with resilience,” he explains. “Effective risk management today requires financial stress-testing, currency and supply-chain risk analysis, and a clear capital allocation framework. The companies that succeed will be those that can adapt quickly while maintaining strong governance and transparent financial structures.”

He notes a clear shift in the region: UAE-based companies are increasingly adopting dynamic cash-flow management, diversifying investment portfolios, and incorporating cross-border risk mitigation measures as they expand into new markets and sectors.

Drawing on more than two decades of international experience across finance, strategy, and advisory roles, Dr. Rogachev continues to guide organisations on corporate finance structuring, investment strategy, due diligence, governance, and market-entry planning as the UAE’s business environment evolves.

With strong fundamentals and rising investor confidence, Dr. Rogachev believes the UAE remains one of the world’s most attractive destinations for strategic capital. For businesses ready to innovate and adapt, 2026 will be a defining year for sustainable growth and competitive advantage.

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King of Malaysia Visits Arabian Oud Headquarters in Riyadh and Praises Its Global Leadership in Perfume Manufacturing

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Arabian Oud’s headquarters in Riyadh welcomed a distinguished royal visit by His Majesty Sultan Ibrahim Iskandar, King of Malaysia, accompanied by his sons Prince Idris and Prince Abdulrahman, Saudi Minister of Tourism Ahmed Al-Khateeb, Malaysia’s Ambassador to the Kingdom Mohammad Baker, and several members of the accompanying delegation.
His Majesty was received by Omar bin Abdulaziz Al-Jasser, CEO of Arabian Oud, who warmly welcomed the royal delegation and emphasized that the visit reflects the depth of economic and cultural ties between Saudi Arabia and Malaysia, as well as the prominent position Saudi industries hold in global markets.
During the tour, His Majesty explored the company’s latest innovations and premium perfume creations and listened to a detailed presentation by Al-Jasser about the company’s journey from its founding to its current esteemed status in the perfume and oud industry. The presentation also highlighted the company’s extensive global presence, with more than 1,200 branches across 35 countries, in addition to its future expansion plans in Asian markets.
His Majesty Sultan Ibrahim expressed great admiration for the quality and craftsmanship he witnessed, praising Arabian Oud’s global achievements. He also expressed his pride in being one of the brand’s customers in Malaysia, noting that Arabian Oud represents an inspiring Saudi model that blends authenticity, quality, and innovation.
The visit concluded with the exchange of luxurious commemorative gifts, in an atmosphere that reflected mutual respect and strengthened the company’s position as a leading Saudi brand in the global perfume and oud industry… leaving Arabian Oud as a symbol of Saudi elegance and a bridge that reinforces relations between East and West.

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