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Jeddah Governor honors “Jabal Omar” for sponsoring Startup Saudi Arabia Forum

Prince Mishal bin Majed, Jeddah Governor, has honored Jabal Omar Development Company (JODC) for sponsoring the Startup Saudi Arabia Forum 2018. CEO Yasser Al-Sharif received the plaque on behalf of the company.
The sponsoring of this event comes in line with JODC committed belief in serving the community and supporting startup businesses that offer services related to the hospitality industry and management of commercial centers. The company attaches a great priority in developing and honing the skills of outstanding Saudi cadre.

Jabal Omar collaborates with the startup businesses to set up a platform linking all entrepreneurs with one another and giving them an opportunity to market their services and products to customers and play an efficient role in improving and enriching the experience of visitors, pilgrims and Umrah performers.
The company’s strategy aims to develop the business of startups, enhance their role in strengthening the national economy and supporting the knowledge-based economy and regional leadership. It also focuses on expanding the productivity of startups and creating an environment conducive to creativity and knowledge as well as technological innovation.
The forum connects entrepreneurs with investors to develop their businesses and help them contribute to supporting the national economy.

Other Press Releases

“Jabal Omar” and “Al Arabiya” sign a strategic partnership to invest and market the media leasing in the Jabal Omar project

Jabal Omar Development Co. signed today (Sunday) a strategic partnership agreement with Al-Arabia OOH (Al-Arabiya); To invest and market the media leasing in the Jabal Omar project, which is one of the most important development projects in the central area of Makkah Al-Mukarramah. The announcement of the agreement took place during the signing ceremony at […]

Jabal Omar Revenues grew by 189% to reach SAR 317 million compared to the first quarter of 2022

Hospitality revenues grew by 179% for the first quarter of 2023 to reach SAR 268 million, a record improvement compared to SAR 96 million for the same period in 2022, driven by the success of the company strategy to improve the performance of the hospitality portfolio, besides benefiting from government initiatives related to the Hajj […]

JODC Shareholders Approve Landmark Alinma Fund Debt to Equity Transaction, Set to Issue 225 Million New Shares in Return for Settling SAR 5.3 billion in Outstanding Debt Owed to the Fund

Makkah, KSA; 28 August 2022: Jabal Omar Development Company (“JODC” or the “Company”) (Tadawul: 4250), one of the largest real estate developers in Saudi Arabia and the master developer of the iconic mega mixed-used project in Makkah, Jabal Omar, received shareholder approval for issuing new ordinary shares in the JODC to the unitholders of the […]

JODC’s H1 2022 Revenue Surges to Near Pre-Pandemic Levels on Recovery in Umrah Activity

Government’s exceptional management of the pandemic and easing of the restrictions on pilgrimage activities led to a significant increase in the number of pilgrims Revenue in H1 was SAR 391 million, more than tripling year on year Sustained improvement in gross profit driven by Company’s transformation strategy Company expects to bring in new sources of […]
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