The Evolution of Family Businesses in Saudi Arabia

Abdulrahman Albassam is the founder executive chairman of AWN enterprises, the CEO of Tilal Real Estate Development Company, and Board Director at Baheej Tourism Development Company. He’s also a fourth-generation member of AlBassam Sons, one of the Gulf’s oldest family businesses. 

Abdulrahman and Yasmin discuss the shock the private sector underwent when Vision 2030 was first enacted, and talk at length about the evolution of the private sector and the way in which it engages with the Saudi government. We talk about real estate, the housing program, and the development of mid-level tourism projects. Finally, Abdulrahman shares Albassam family histories.