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On June 25, The Olayan Group, in association with Chelsfield, completed the purchase of the Paris real estate portfolio from Risanamento S.p.A., the Italian publicly listed real estate company. The value of the acquisition makes this the largest single real estate deal The Olayan Group has undertaken to date.

The Olayan Group, in a joint venture with Morgan Properties, has acquired the American Mid-Atlantic Portfolio from Berkshire Property Advisors.

The 2,671-unit multifamily portfolio is comprised of nine separate apartment communities located in the Maryland towns of Parkville, Laurel, Fort Washington, and Hyattsville as well as in Newport News, Virginia. The portfolio is concentrated in the Maryland-Washington, DC, corridor, a robust employment hub.

Saudi Arabian Airlines (Saudia) has selected CH2M Olayan to lead development of its smart technology hub in King Abdullah Economic City (KAEC), located about 100 kilometers north of Jeddah.

CH2M Olayan will serve as designer and program manager for the hub, known as Sinnovate (“Saudia” plus “innovate”). It will lead a team that includes Microsoft and Dimension Data, which will provide IT solutions and enterprise architecture, including hardware, software, and networking.