|Al Raid Group
|Sheikh Abdullah Al Araimi exemplifies a unique brand of entrepreneurship that found inspiration in the modern renaissance ushered in by His Majesty Sultan Qaboos in 1970. Enthused by a vision to support the budding nation’s economic development, he set up Al Raid Corporation in 1974. Nearly 35 years on, the company has blossomed into one of Oman’s leading business houses that serves as a model for young aspiring entrepreneurs today.
Al Raid Corporation’s corporate success mirrors that of Oman’s own progress over the past four decades – a developmental march underpinned by sound leadership, farsightedness and ambition. Sheikh Abdullah Al Araimi has used his formidable skills to steer the growth of Al Raid into the dynamic and vibrant commercial enterprise that it is today.
But as with many successful enterprises, Al Raid’s beginnings were rather humble. Sheikh Abdullah Al Araimi laid the foundations with the launch of a home appliances business. Carpets and handicrafts were soon added to the business, giving rise to a full-blown and successful trading operation. At this juncture, he took the momentous step to venture into property and real estate development. That decision paid handsome dividends leading to the establishment of a fine selection of properties in key locations in Muscat city. With the opening of Al Araimi Complex, a landmark shopping centre in the heart of Qurum in 1994, Al Raid Corporation became a force to reckon with.
Today, Al Raid is a well-diversified business house with interests in landscaping and irrigation services, civil maintenance, sports construction facilities, kitchen equipment and catering solutions, carpets, antiques, handicrafts, jewellery, designer watches, perfumes and gifts, and the mainstay real estate business.
With a second generation of entrepreneurs at the helm, Al Raid is now on the threshold of a new phase in its growth. The Group is preparing to pursue the development of a number of large-scale and prestigious real estate and commercial projects. Underscoring this energetic growth, a new Oil and Gas division will soon be added to Al Raid’s expanding portfolio of specialist services.