Omran International Real Estate Investment and Development Company
Vision:
To lead future real estate development by utilizing the latest technologies to meet the needs of its project users.
Mission:
To invest in the development of advanced real estate projects, utilizing the latest modern construction technologies and the finest urban designs to meet the quality of life requirements of our project users according to their financial capabilities, and to achieve complete flexibility in responding to the changes in their lives.
Omran International Real Estate Investment and Development Company
The Modern Building Initiative, adopted by the Ministry of Municipal and Housing, aims to lay the foundations for the construction industry and support the transition from traditional to modern construction. This initiative encourages factories, enables the use of modern construction methods and practices in the construction sector by investing in advanced systems and technologies. This initiative plays a key role in keeping alignment with industrial development and affirming the Kingdom's leadership in this field. This is done with the aim of enabling citizens to find housing that meets their aspirations in record time, with high-quality and competitive costs.
Omran Real Estate Investment and Development Company seeks to be an influential player in this industry. Launching the Building Technology Incentive Initiative as part of the housing system plays a significant role in supporting the transition from traditional to modern construction. The initiative has contributed to stimulating investment in advanced technologies to keep alignment with industrial development, while ensuring quality and reducing costs, thus positioning the Kingdom as a regional leader in this field. The initiative was launched under the supervision of the Housing and National Industrial Development Programs and the Logistics Support Program, with support from the Private Sector Stimulus Plan. This initiative emphasizes the contribution made by Saudi Vision 2030 to the real estate sector and real estate developers, enhancing the quality of life for Saudi families.
Modern Methods Construction:
Modern Methods Construction (MMC) encompasses new and improved methods for the construction process, the use of which results in high-quality results while significantly reducing construction time. MMCs contribute to reducing the overall cost of projects and improving supply and demand for modern construction technologies in the Kingdom.
Future construction methods include some futuristic approaches that have not yet been fully adopted internationally or regionally. Therefore, one of the objectives of the Building Methods Stimulus Initiative was to support providers of future construction methods to localize these technologies in the Kingdom, and Omran Investment and Real Estate Development Company seeks to be one of them.
Modern construction technologies play a significant role in localizing the construction and contracting market, particularly since the majority of workers in these technologies can be Saudi citizens. Unlike traditional construction methods, which are difficult to Saudize, especially low skilled labor, the initiative to stimulate modern construction technologies represents an important step in Omran's management with a team of Saudi technicians.
Omran and Construction Technologies:
Omran International Real Estate Investment and Development Company began its journey through advanced prefabricated construction by equipping its first factory with one of the world's leading companies specializing in this field. Advanced prefabricated construction is a technology that involves assembling buildings or their components in a location off-site. This method controls construction costs by saving time, cost, and materials. The first phase focuses on three-dimensional prefabricated buildings as an integrated building component, producing environmentally friendly buildings through reduced waste and recycling, cost savings, shorter construction periods, flexibility and the possibility of transporting buildings, and improved quality due to buildings being produced in a quality-controlled environment. This goal aims to localize the construction industry by providing a suitable working environment for citizens.
