Majaal: Latest Developments, Strategy and Overview

According to Al Arrayed, “Our focus will remain on Majaal. Simply, Majaal is in a very defensive sector and in an environment where there’s uncertainty, we feel more comfortable growing Majaal simply because it is a very defensive sector. So in industrial facilities and the industrial sector, I think there is room for further growth. Even though we do have lands in Seef and Janabiyah, which are more traditional investment, commercial properties, I think we still are waiting to see the right signs from the economy and that there will be growth and recovery in those sectors before we start to invest in a heavy way.”