Chairman of Sumou Holding: The group”s investment portfolio is worth $10 billion, and Saudi Arabia is one of the safest investment destinations.
Ayed Al-Qahtani, Chairman of the Board of Directors of Sumou Holding Group, affirmed that Saudi Arabia is among the safest and most attractive investment destinations globally, thanks to the strength, resilience, and adaptability of the Saudi economy to global economic changes.
Al-Qahtani explained that the Saudi economy has historically demonstrated its ability to cope with various crises and challenges facing the world and the region. He noted that the Kingdom has consistently adapted to these circumstances and emerged stronger and more stable, thanks to wise economic policies and efficient management that have bolstered the market's strength and financial position.
He added that Saudi Vision 2030 has contributed to restructuring the national economy by promoting economic diversification and leveraging the Kingdom's strengths. This has led to a more flexible and sustainable economic environment and made the Saudi market more resilient to global fluctuations.
Al-Qahtani pointed out that the business sector in the Kingdom continues its normal operations, emphasizing that Saudi companies possess the expertise and capabilities to continue growing and expanding across various economic sectors.
He explained that the investment portfolio of Sumou Holding Group amounts to approximately $10 billion, noting that the group is working, in the coming phase, to expand its investments, in addition to attracting more foreign capital to the Saudi market through international partnerships and joint ventures.
He added that the group is currently studying a number of investment opportunities in vital sectors within the Kingdom, foremost among them the real estate sector, which he described as one of the safest and most attractive sectors for investment, given the growing demand for residential, commercial, and development projects.
The Chairman of Sumou Holding pointed out that the Saudi real estate market has witnessed significant regulatory changes to enhance its investment appeal, noting the entry into force of the system allowing non-Saudi ownership of real estate at the beginning of 2026. This will enable foreigners, both individuals and companies, whether residents or non-residents, to own residential, commercial, and agricultural properties in various regions of the Kingdom within specific geographical areas.
He emphasized that this system aims to boost investment flows into the real estate sector and support its growth, while opening the door to foreign investment, subject to specific ownership regulations in the holy cities of Mecca and Medina, which are among the safest and most attractive real estate markets globally, thus presenting a promising opportunity to attract further capital.
The Sumou Holding Group owns two companies listed on the Saudi Stock Exchange: Sumou Real Estate and Adeer Real Estate. Al-Qahtani also explained that the group's international arm, Adeer Global, is working to build partnerships with global investors and direct capital towards promising investment opportunities in the Kingdom.