Sultan Alshakrah

His Excellency

Sultan Alshakrah

Saudi businessman. Chairman of companies in real estate development, contracting and investment in the Kingdom of Saudi Arabia and the United Arab Emirates.

Since 2007 Saudi Arabia · UAE Official website

At a glance

Eighteen years in the sector

18+Years in the sectorUninterrupted since 2007
10+Companies ledUAE and Saudi Arabia
20+Billion AED under leadershipCompanies and investment funds
30+Real estate projectsResidential, commercial, industrial
2,000+EmployeesAcross the group structure
7Awards and honours2016 to 2025

Figures are stated by the office of Sultan Alshakrah and cover companies and funds under his chairmanship.

Profile

Background and career

His Excellency Sultan Alshakrah holds a bachelor's degree in Finance and Business Management, with a minor in Marketing, from Al Yamamah University in Riyadh. He entered real estate development in 2007 and has since founded and chaired companies operating across the United Arab Emirates and Saudi Arabia.

His portfolio spans master development, contracting and infrastructure, industrial land, trading, and investment funds — including Ajmal Makan City on the Sharjah coast and residential and commercial developments in Riyadh and Jeddah, with two investment funds aligned with Saudi Vision 2030.

Short bio — for editors

His Excellency Sultan Alshakrah is a Saudi businessman and chairman of companies operating in real estate development, contracting and investment across the United Arab Emirates and Saudi Arabia. He has worked in the sector since 2007.

His Excellency Sultan Alshakrah

Sectors

Areas of activity

Master development

Coastal and urban master plans, from land reclamation and infrastructure through to residential, commercial and tourism components.

Residential and commercial development

Villas, apartments, retail and office developments in Sharjah, Riyadh and Jeddah, delivered through the full design-to-handover cycle.

Contracting and infrastructure

Roads, utilities, landscaping and pavement works for government and private sector clients.

Industrial land

Planning, servicing and leasing of industrial plots, including one of the region's larger organised industrial clusters.

Scrap and automotive zones

Organised complexes for vehicle trading, spare parts, scrap handling and auctions.

Investment funds

Establishment and administration of real estate development funds aligned with Saudi Vision 2030.

Companies

Selected companies

These companies represent the principal entities he chairs, within a wider portfolio operating in real estate development, contracting and investment.

Kingdom of Saudi Arabia

Tanmiyat Al Riyadh Real Estate Development

Chairman · Saudi Arabia

Develops residential, commercial and tourism projects in Riyadh and Jeddah, covering the full development cycle from design through delivery.

Projects: Dar Jeddah · Ufuq · Al Worood Residence · Manfath · Bunyan · Riyadh Gate masterplan

Al Qudra Contracting

Chairman · Saudi Arabia

A contracting company delivering design-and-build works for public and private clients across the Kingdom.

United Arab Emirates

Ajmal Makan Real Estate Development

Chairman · United Arab Emirates

Master developer of Ajmal Makan City — Sharjah Waterfront, a coastal development of more than 60 million square feet in Al Hamriyah comprising residential, commercial and tourism components.

Projects: Al Thuraya Island · Sun Island · BlueBay Walk · Blue District · Blue Beach Residence · The View Island

Stars Development Company

Chairman · United Arab Emirates

A development company operating within the group's UAE portfolio.

Al Hanoo Real Estate

Chairman and partner · United Arab Emirates

Develops industrial land and organises scrap zones with integrated operational services for investors. Al Hanoo Industrial City comprises more than 2,000 plots for industrial and service activities.

Projects: Al Hanoo Industrial City · Emirates Industrial City · Sharjah Scrap Complex

Al Hanoo Contracting

Founder and chairman · United Arab Emirates

Executes infrastructure works, landscaping and pavement finishing for government and private sector projects.

Saudi Arabia

Operations in Saudi Arabia

SAR 5 bn+ Combined value of the two investment funds established under his leadership

His work in the Kingdom spans real estate development, contracting and investment funds, with residential and commercial projects in Riyadh and Jeddah developing integrated urban communities in line with the objectives of Saudi Vision 2030.

What is happening in the Kingdom today does not ask the private sector to match the pace, but to make certain that what is built in these years outlasts them.
His Excellency Sultan Alshakrah

Dar Jeddah Fund

2.63bn
Saudi riyal

A residential development in Jeddah combining strategic location with modern architecture, aimed at long-term asset value.

Waed Fund

2.40bn
Saudi riyal

Develops integrated urban communities combining residential and commercial districts through mixed-use planning.

His Excellency Sultan Alshakrah

United Arab Emirates

Operations in the United Arab Emirates

AED 25 bn Estimated investment value of Ajmal Makan City — Sharjah Waterfront, one of several developments in his UAE portfolio

His portfolio in the Emirates extends beyond waterfront development to industrial land, organised scrap and automotive zones, infrastructure contracting and landscaping — spanning master-planned islands in Sharjah, industrial cities along the E611 corridor, and works delivered for government and private sector clients.

The UAE taught me that ambition means nothing without the discipline to see it through. A vision is not measured by how boldly it begins, but by whether it still stands, and still serves, years after the work is done.
His Excellency Sultan Alshakrah

Ajmal Makan City

60m sq ft+
Sharjah Waterfront

An eight-island coastal master plan in Al Hamriyah comprising residential, commercial and tourism components.

Al Hanoo Industrial City

2,000plots+
E611 corridor

Industrial and service plots forming one of the region's most comprehensively planned industrial clusters.

Projects

Selected projects

Kingdom of Saudi Arabia

Dar Jeddah
Dar Jeddah Jeddah
Ufuq
Ufuq Jeddah
Al Worood Residence
Al Worood Residence Jeddah
Riyadh Gate Masterplan
Riyadh Gate Masterplan Riyadh
Manfath
Manfath Riyadh
Bunyan
Bunyan East Ring, Riyadh

United Arab Emirates

Ajmal Makan City — Sharjah Waterfront
Ajmal Makan City — Sharjah Waterfront Sharjah
Al Thuraya Island
Al Thuraya Island Sharjah
Sun Island
Sun Island Sharjah
The View Island
The View Island Sharjah
Blue Beach Residence
Blue Beach Residence Sharjah
BlueBay Walk
BlueBay Walk Sharjah
Blue District
Blue District Sharjah

Scroll sideways to browse the projects

Images include architectural visualisations of projects under development and do not necessarily represent the completed works.

Official engagements

Meetings and exhibitions

With His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, during a presentation of the Ajmal Makan City master plan.
Presenting to His Highness the Ruler of Sharjah
Presenting the master plan to officials at the Sharjah Real Estate Exhibition
At a project launch event in Sharjah

Press and recognition

Coverage and recognition

Cover features and industry recognition published by the region's construction and business press.

Construction Business News Middle East, August 2025
Construction Business News ME Power Hour 100 · August 2025
Construction Business News Middle East, October 2025
Construction Business News ME Cover profile · October 2025
BusinessToday.ME, November 2025
BusinessToday.ME Leaders of the Land · November 2025
Arabian Business Real Estate Awards, 2018
Receiving an industry award in Sharjah
Construction Innovation Awards
At the Construction Innovation Awards, Middle East

In the media

Selected coverage

View all news and statements →

Press kit

Materials for editors

Portrait pack

High-resolution studio portraits cleared for editorial use.

ZIP · available on request
Biography, three lengths

Two-line, single-paragraph and full versions, Arabic and English.

DOCX and PDF · available on request
Company logos

Vector logos for the group's companies with usage guidance.

SVG and PNG · available on request
Fact sheet

Positions, dates and figures in a single reference page.

PDF · available on request

Images may be reproduced for editorial use with the credit line stated in the portrait pack. Requests for other uses should be sent to the office.

Media enquiries

Media contact

Interview requests, speaking invitations and image licensing are handled by the office. Requests are answered within two business days.

Office

Sharjah, United Arab Emirates

Languages

Arabic, English