Alsulaiman Group, a leading multi-sector Saudi conglomerate, hosted a gala in Jeddah to celebrate its 40th anniversary, attended by a large gathering of economic and social figures as well as media representatives.
Founded in 1983 by His Excellency Dr. Ghassan Ahmad Alsulaiman through acquiring the world’s first IKEA franchise, the Group has since expanded to include eight companies across retail, logistics, technology, and real estate sectors. It now operates across four Gulf countries: Saudi Arabia, Bahrain, UAE, and Kuwait.
The event featured a keynote by Dr. Ghassan Alsulaiman, founder and chairman of the Group, announcing the establishment of the Alsulaiman Foundation. This non-profit aims to foster positive societal change, focusing on economic empowerment, education, the environment, and family. Through these pillars, the foundation seeks to support community enhancement and further the goals of Saudi Vision 2030 by boosting economic and social development.
The celebration showcased the company’s achievements over the decades and unveiled future expansion projects. Saud Alsulaiman, CEO of Alsulaiman Group, announced the commencement of construction for an IKEA showroom in Medina, part of an expansion plan to reach 30 IKEA showrooms and outlets by 2028. Saud also disclosed the expansion plan for Circle K, aiming to launch 300 stores by 2027.
In the logistics sector, Saud announced the initiation of operations by Flow in the UAE and by Salasa to launch 100 dark stores within the next three years, significantly reducing last-mile delivery times to under two hours.
Alsulaiman Group continues to invest in reverse logistics, contributing to the Kingdom’s Vision 2030 goals in quality of life and environmental standards. Saud stated that Cartlow, the Middle East’s leading reverse logistics company, has helped mitigate 600,000 tons of carbon emissions through its services.
The Group has also elevated Livspace as the largest tech platform for interior design and home development in the Kingdom. A partnership between Livspace and the National Housing Company was announced to provide interior design solutions to their clients. Additionally, Saud launched “Qanvast,” a tech platform connecting residential unit owners with a broad range of local interior design studios.
In real estate development, Saud announced the entry of Ehteraf into managing three major real estate projects in Riyadh, Medina, and Khamis Mushait, offering integrated commercial, entertainment, and residential spaces, with rental areas exceeding 250,000 square meters.
