AlUla Development Company
Hamzah Alsomali currently serves as the Director of Procurement for a Confidential Government entity since January 2024. Previously, Hamzah held the position of Procurement Supply Chain Manager at Olayan Saudi Holding Company from January 2023 to January 2024 and was the Procurement and Logistics Manager at Alkhorayef Commercial Company from January 2022 to January 2023. Prior experience includes roles as Procurement Supervisor at Aujan Coca-Cola Beverages Company (October 2019 - November 2021), Procurement Officer specializing in Global Procurement at Saudi Fal Controls Division (July 2015 - October 2019), and Procurement Specialist at Premier Construction Company (November 2013 - June 2015). Hamzah began the professional career as a Salesperson at Obeikan Investment Group from August 2010 to September 2013. Academic qualifications include a Bachelor's degree in Business Administration from Saudi Electronic University and ongoing studies at the EF Executive Language Institute since September 2016.
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AlUla Development Company
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AlUla Development Company is a Public Investment Fund (PIF) company that has been established to support the development of AlUla. It will build and operate a world-class portfolio of hospitality, residential, retail and commercial assets in collaboration with the Royal Commission for AlUla (RCU) and the private sector. With a long-term investment strategy aimed at sustainable economic growth, UDC will rejuvenate and preserve one of the world's largest and oldest cultural sites and create opportunities for the local community in AlUla and the people of Saudi Arabia. AlUla Development Company serves as the gateway to opportunity and growth in AlUla, providing a wide range of opportunities for local and international investment across various sectors. It will offer companies with a chance to be part of Saudi Arabia's ongoing transformation in the pursuit of its goals to support the responsible, sustainable development of AlUla. UDC’s real estate footprint will cover a total gross floor area of 7.3 million square meters. The primary focus includes hotels but extends to villas and penthouses, contemporary apartments built in the new low-rise Saudi architectural style, offices, warehouses, secondary infrastructure, retail and more. AlUla Development Company will support the achievement of PIF goals in line with Vision 2030 and unlock the capabilities of new and promising sectors and support the economic diversification in Saudi Arabia.