CEO MONTHLY / ISSUE 5 2022 12 Mar22726 The Company Building Its Way To Success Over the course of six years, Tamear has risen significantly in the challenging construction market of Saudi Arabia. It has even blossomed into a successful business despite the market fluctuations that have occurred as a result of the COVID-19 pandemic, having sustained its strengths and positive cashflows. This is largely thanks to the contributions of the company’s current CEO, Mr. Mohammed Al Mymuni. As such, he has earned himself the title of Most Influential CEO, 2022 - Saudi Arabia – Join us as we explore his approach to business. pawning from a collaboration between Al Akaria, the first and the renowned Saudi-based real estate development company, and the Turkish company, Kaya Homes, Saudi real estate construction company, Tamear has overcome significant challenges since its formation in 2016. Due to organisational disruptions and market recession Tamear ran into significant financial crises including the unprecedented reversals in cashflows. However, in recent years, its recovery has been bolstered by the leadership of the company’s CEO, Mohammed Al Mymuni. Indeed, Tamear is now thriving and has since lent its expertise to multi-billionriyal projects. Tamear specialises in highquality construction projects in both the residential and commercial sectors. From hotels to malls, and hospitals to homes, Tamear offers a bespoke service, resulting in unique and highly modern builds. Moreover, the company prides itself on providing a S full service, spanning from the initial development of the concept to the finalisation of the project. As such, the company has cultivated an efficient global management team, which – through the usage of contemporary building techniques – allows the company to work on multiple projects at the same time. Further, it ensures that projects will be completed efficiently and cost effectively. Consequently, Tamear boasts an impressive clientele across Saudi Arabia, through which it contributes to nationally prestigious projects. This includes The Housing Program, an initiative launched in 2018 that aims to increase access to affordable and appropriate housing. In addition, Tamear contributed its expertise in the Red Sea Project – an iconic tourism project along the coastline. The first phase of the project is set to be completed by 2023, in which it will possess five developed islands and 16 hotels. On top of these, it has extended its cooperation with ROSHN, AMAALA, and many more.
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