Al-Othaim Investment Company Signs agreement with HELIOPARK to Transform Mall Parking Spaces into Smart, Sustainable Assets
Riyadh, Saudi Arabia – 17 NOV 2025 – Al-Othaim Investment Company (AOIC) today announced the signing of agreement with HELIOPARK, a regional innovator in solar-powered parking, EV charging, and smart mobility infrastructure. The partnership aims to redesign AOIC’s Al-Othaim Mall Al-Rabwa, to enhance customer convenience, elevate sustainability performance, and support the Kingdom’s transition toward a greener future.
Under this agreement, HELIOPARK will conduct a comprehensive evaluation of AOIC’s existing parking facilities to identify opportunities for integrating solar carports, EV charging stations, and smart mobility solutions across AOIC’s nationwide portfolio. These upgrades will improve customer experience, reduce energy consumption, and transform underutilized areas into value-generating, environmentally responsible assets.
“This partnership reflects our ongoing commitment to ESG leadership, operational excellence, and delivering solutions that improve the daily experience of our guests,” said Adel Al-Ghamdi, Group CEO of Al-Othaim Investment Company. “As the Kingdom accelerates its shift toward sustainable development, we are proud to work with forward-looking partners like HELIOPARK to bring cleaner, smarter, and more convenient infrastructure to our destinations.”
The signing coincides with AOIC showcasing its 2026 integrated lifestyle hubs (Al-othaim Park in Dammam and Jubail) along with its integrated retail and office spaces at Al-othaim Circle in Al Khobar, during today’s opening of Cityscape.
HELIOPARK’s CEO Michael Sassen added: “Al-Othaim Investment Company is shaping the next generation of lifestyle destinations in Saudi Arabia. We are honoured to support their ESG ambition by introducing solar and e-mobility innovations that reduce carbon impact while delivering tangible benefits to visitors.”
As Al-othaim Malls continues to elevate the customer experience across our portfolio, this partnership marks an important step in our sustainability journey. Integrating shaded parking powered by solar energy not only enhances comfort and circulation for our visitors, but also reinforces our commitment to responsible development. We are proud to introduce this initiative in our Riyadh asset, with plans to expand it across additional Al-Othaim malls in the Kingdom.
This collaboration aligns with the Kingdom’s broader goals under Vision 2030, particularly in expanding renewable energy adoption, improving quality of life, and enabling sustainable infrastructure across cities and communities.
The assessment phase is expected to begin immediately, with pilot implementations to follow based on feasibility outcomes.
About Al-Othaim Investment Company (AOIC)
Al-Othaim Investment Company is a leading lifestyle developer and operator of experience-led mixed-use destinations across Saudi Arabia. The company operates at the intersection of culture, commerce, and community; blending retail, entertainment, hospitality, residential, and public spaces into vibrant destinations that support the Kingdom’s evolving urban future.
About HELIOPARK
HELIOPARK is a regional innovator in solar-powered parking, EV charging, and smart mobility infrastructure. The company designs and deploys integrated solar carport systems that enhance energy efficiency, reduce carbon emissions, and transform underutilized parking areas into high-value, sustainable assets. HELIOPARK partners with leading developers, municipalities, and businesses across the region to support the transition toward cleaner energy and smarter urban environments.
