Naif Saleh Alrajhi is a well-known businessman from Riyadh, Saudi Arabia, who founded Memar Investment & Real Estate Development and leads several major ventures in real estate and hospitality.
Early Life
Naif Saleh Alrajhi was born in Riyadh, Saudi Arabia. From a young age, he showed interest in business and building things that could make a difference in people’s lives. In 2001, Naif started his career in commerce, and by 2003, he moved into real estate development. His early work included projects such as the “Time Palace” residential towers in Dubai Marina, which marked his first big step into global real estate investment.
Founding Memar Investment & Real Estate
In 2007, Naif Alrajhi founded Memar Investment & Real Estate Development Company in Riyadh. At first, Memar focused on developing and selling residential properties. Soon, the company expanded into other areas, like hospitality and commercial real estate. Today, Memar has built a reputation for creating modern, innovative spaces that improve the quality of life for families and businesses in Saudi Arabia. The company’s portfolio is now valued at over one billion riyals, with more than 250,000 square meters of developed property.
Memar’s projects are not just about buildings; they aim to develop human-centered places where people can live, work, and flourish. Under Naif’s leadership, Memar became known for its sustainable developments and flexible communities that serve different lifestyles and business needs. The company’s approach follows the principles of Saudi Arabia’s Vision 2030, striving for innovation and a better future for all Saudis.
Achievements and Impact
Naif Alrajhi is recognized for introducing new ideas to the Saudi real estate market. In 2011, he launched the first real estate fund of its kind in Saudi Arabia, the Investor Real Estate Fund for Multiple Projects. This open fund is made for people to invest in real estate every day. Later, he created another fund called Riyadh Real Estate Income Fund, which was listed as the first REIT (Real Estate Investment Trust) on the Saudi Stock Exchange.
Besides Memar, Naif runs the Naif Alrajhi Investment Company, established in 2012. This company has offices in Riyadh, London, and Dubai, and holds investments in over 35 companies spread across twelve different industries. These include hospitality, mining, architecture, marketing, and food and beverage.
Naif is admired for his business success and for bringing long-term partnerships to Saudi Arabia. His companies have teamed up with big names like Awfa Investment, Ramla Real Estate Development, and Metaform Developments. In 2023, Memar signed a deal with Dur Hospitality to operate two hotels in Makkah, a move that strengthens Saudi tourism and hospitality.
Role as a Leader
Naif Saleh Alrajhi leads with careful planning, market research, and a strong sense of responsibility. He serves as the Chairman and CEO of Naif Alrajhi Investment, steering the company into new ventures and making sure each project meets high standards of design and efficiency.
About Memar Investment
Memar Investment is based in Riyadh and operates throughout Saudi Arabia. The company develops residential, commercial, hospitality, and office projects. Guided by the motto “Developing to enhance life,” Memar focuses on sustainable development, innovative architecture, and client-centered solutions.
Memar’s strategy is deeply influenced by Vision 2030, Saudi Arabia’s plan for progress and prosperity.
The Road Ahead
Naif Saleh Alrajhi stands out as a visionary founder and leader in Saudi Arabia’s real estate and investment sectors. He turned Memar Investment & Real Estate Development into a symbol of innovation, quality, and positive change. Through his work, Naif has made life better for many people, proving that big dreams and hard work can shape a country’s future.
