Who’s Who: Khaled Al-Mobid, CEO of Menassat Realty Co.

Khaled Al-Mobid. (Supplied)
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Updated 15 February 2022
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Who’s Who: Khaled Al-Mobid, CEO of Menassat Realty Co.

Khaled Al-Mobid is founder and CEO of Menassat Realty Co., a Riyadh-based real estate developer, since 2018.
He was founder, previous general manager and executive partner of Bussma Real Estate Management Co. between 2008 and 2018.
Al-Mobid obtained his bachelor’s degree in business administration from the University of Florida, US, in 2002.
He has served as a member of several real estate entities, including the Real Estate Subcommittee for Real Estate Services of the Riyadh Chamber of Commerce since 2010 and the Real Estate Committee of the Riyadh Chamber between 2002 and 2018.
He also served on the boards of Al-Issa Endowment between 2016 and 2020, and Bussma Real Estate Management Company between 2008 and 2018.
Al-Mobid was vice chairman of the Real Estate Marketing Committee at the Riyadh Chamber between 2018 and 2022, and was a member of the board of directors and executive committee of Manarat Development Investment Company between 2016 and 2020. The company’s portfolio is worth SR900 million ($234 million).
He was also a member of the board of directors of ADdisign Engineering Company between 2018 and 2019.
Al-Mobid managed and supervised four execution court auctions in his previous company, in addition to other major private sector auctions afterward, with a total value of SR4 billion.
He is also founder and CEO of the Real Estate Platforms Application (Menassat), which won the 2019 Real Estate Application Award.
Al-Mobid was chosen as the best real estate marketer in the Kingdom and has been honored by a number of ministers of housing and trade.
He has made significant contributions to the Kingdom’s property industry through founding 15 real estate funds, and has taken part in the establishment of a large number of commercial and residential projects in the Kingdom.


Japan consulate in Jeddah celebrates emperor’s birthday, highlights strong cultural and economic ties

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Japan consulate in Jeddah celebrates emperor’s birthday, highlights strong cultural and economic ties

  • In an exclusive interview with Arab News, Yamamoto highlighted the growing cultural exchange between the two nations

JEDDAH: The consulate general of Japan in Saudi Arabia celebrated the upcoming birthday of Japanese Emperor Naruhito with a reception at the residence of the consul general Daisuke Yamamoto in Jeddah on Thursday night. 

The event was attended by Prince Saud bin Abdullah bin Jalawi, governor of Jeddah; Farid bin Saad Al-Shehri, director general of the Ministry of Foreign Affairs in the Makkah Region; Saleh Ali Al-Turki, mayor of Jeddah; and other Saudi officials, diplomats, business leaders, and members of the local community.

In an exclusive interview with Arab News, Yamamoto highlighted the growing cultural exchange between the two nations.

“The relationship between Japan and Saudi Arabia is particularly strong in the cultural field. Saudi people are very fond of Japanese pop culture, especially anime and manga, and many are motivated to learn Japanese just to enjoy the original works,” he said.

Yamamoto noted that while enthusiasm is high, challenges remain in expanding language education. “Currently, we don’t have a dedicated Japanese language institute in Jeddah. Some institutes exist in Riyadh, but here people mostly study Japanese on their own, which is difficult without interacting with native speakers. Establishing a permanent institute is one of our goals, but we cannot do it alone; we need Saudi partners,” he explained.

During his speech at the reception, Yamamoto said: “Japan is Saudi Arabia’s third-largest trading partner. Bilateral trade reached $36 billion by the end of 2024, reflecting a 50-percent increase since 2016. Many Japanese companies are investing directly in the Kingdom, across sectors such as petrochemicals, energy, automobiles, electronics, and titanium production.” He also encouraged Saudi investors to explore opportunities in Japan’s market.

He also highlighted recent initiatives designed to strengthen cultural ties, including the three-day Hayy Matsuri Japanese cultural festival at Hayy Jameel, which welcomed more than 12,000 visitors, and a two-day Kabuki performance organized in partnership with the Historic Jeddah Project and teamLab. “These cultural exchanges offer a chance for Saudis to experience Japan firsthand, from traditional arts to contemporary innovations,” he said.

Yamamoto welcomed the Kingdom’s participation in upcoming international events in Japan, including the 2026 Asian and Paralympic Games in Nagoya and Aichi Prefecture, as well as the GREEN×EXPO 2027 in Yokohama.

The evening concluded with a ceremonial cake cutting alongside a showcase of Japanese cuisine.

Reflecting on the broader Japan–Saudi relationship, Yamamoto praised the enduring friendship between the two nations.

“Our countries share a history of partnership that spans generations. Celebrations like today not only honor the emperor’s birthday, but also reinforce the enduring collaboration and mutual respect between our peoples,” he said.

He expressed hope for continued growth in cultural, educational, and economic collaboration, emphasizing the strong foundations laid under the leadership of King Salman and Crown Prince Mohammed bin Salman.