Jump to content

Abdul Latif Jameel

From Wikipedia, the free encyclopedia
Abdul Latif Jameel Company Ltd
Company typePrivate
Founded1945 (1945)
FounderAbdul Latif Jameel
Headquarters
Jeddah
,
Saudi Arabia
Area served
Worldwide
Key people
  • Mohammed Abdul Latif Jameel (President & CEO)
  • Fady M. Jameel (Deputy President & Vice Chairman, International)
  • Hassan Jameel (Deputy President & Vice Chairman, Saudi Arabia)
ServicesTransportation
  • Passenger vehicles
  • Commercial vehicles & equipment
  • Logistics
Engineering
Manufacturing
Funding
Land and Real Estate
Energy and Environmental
Consumer Products
Advertising media
Websitewww.alj.com

Abdul Latif Jameel is a family-owned, diversified business founded in Saudi Arabia in 1945[1] by the late Sheikh Abdul Latif Jameel (1909–1993).[2] Operating across seven core business sectors, Abdul Latif Jameel has a presence in over 30 countries across six continents.

History

[edit]

1940s–60s

Abdul Latif Jameel was founded in Jeddah, Saudi Arabia in 1945[1] by Sheikh Abdul Latif Jameel. It became a Toyota distributor in the Kingdom in 1955.[3]

1970s–2000s

In 1979, Abdul Latif Jameel United Finance Company (ALJUF) was established.[4]

In 1996, Abdul Latif Jameel established a general trading company[5] in Japan, which now has an experiential open business centre in Tokyo.[6]

The company also established a Toyota distributorship in Turkey.[7]

2010s–present day

Abdul Latif Jameel and Sumitomo Corporation formed a JV (known presently as Abdul Latif Jameel Machinery[8]) in 2013 to distribute Komatsu heavy equipment in Saudi Arabia.[9]

In 2013, King Abdullah Economic City and Abdul Latif Jameel signed an agreement for the purchase of 1.5 million sqm of land in KAEC-Industrial Valley. The company agreed to invest SR 1.2 billion to build a complex for the import, distribution, component manufacture and assembly of cars.[10] The next year, Abdul Latif Jameel signed a joint venture MoA with the Dubai-based regional property developer, Emaar Properties.[11][12][13]

Abdul Latif Jameel also began a joint venture with the Spain-based company Fotowatio Renewable Ventures (FRV) in 2014, and acquired FRV in 2015.[14][15]

In May 2016, Abdul Latif Jameel opened and launched the first Lexus brand distributorship in Turkey.[16] In the same year, the company also announced its intention to invest US$2.2 billion in Saudi Arabia over the next 5 years[17][18] as part of its long-term expansion plans. This includes an expansion of the Toyota outlet network, the opening of a Lexus showroom in Riyadh Saudi Arabia,[19] and the opening of a new flagship Komatsu facility in Jeddah, Saudi Arabia.[20][21] In 2016, Abdul Latif Jameel Land began building J│ONE Residences, its first residential project in Jeddah, Saudi Arabia.[22]

At the World Future Energy Summit 2017, in Abu Dhabi, Abdul Latif Jameel Energy announced the launch of Almar Water Solutions.[23][24] Abdul Latif Jameel Energy also started construction on two of the largest solar projects in Jordan. The projects, called Mafraq I &II, are scheduled to generate approximately 2% of Jordan's total generation capacity.[25][26][27][28] In the same year, the company's electronics division was rebranded and re-launched as Redsea.[29]

In April 2018, Abdul Latif Jameel Land launched J|ONE residencies.[30] In October, it established the first Lexus showroom in Morocco, launching it at the Auto Expo 2018 in Casablanca.[31] In the same year, Abdul Latif Jameel Energy also announced its first large-scale solar project in India: the 138-MW DC Solar Farm in Andhra Pradesh.[32] Abdul Latif Jameel Machinery also announced a strategic partnership with Kanoo Machinery.[33]

Abdul Latif Jameel Energy established a wind energy project in 2019 in Japan. Supported by the regional power companies Hokkaido Electric Power Company and Tohoku Electric Power Co., Inc., Abdul Latif Jameel Energy launched its first micro wind turbines at Cape Erimo, Japan’s “Wind Town”. In the same year, Abdul Latif Jameel Land and the Al Muhaidib Group partnered to launch a new joint venture, Muheel,[34] an Integrated Facilities Management company (IFM) in Saudi Arabia. Abdul Latif Jameel Logistics launched an express delivery service and e-commerce brand, S:mile.[35]

In April 2019, Abdul Latif Jameel Motors was awarded the Gold Award for Business Transformation,[36] for its JSAP program at the annual SAP Quality Awards, presented at a ceremony in Heidelberg, Germany.[37] In the same year, Almar Water Solutions,[38] a part of Abdul Latif Jameel Energy, acquired a contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia.[39]

In November 2021, it was reported that Abdul Latif Jameel's investment unit had accumulated almost 114 million shares in Rivian, which was valued at almost $11.5 billion on the closing day of Rivian's IPO.[40]

In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking seventh.[41]

Management

[edit]

The founder, Abdul Latif Jameel, ran the company from its formation until his death in 1993, when his son, Mohammed Abdul Latif Jameel, became chairman and president.[42] Mohammed's eldest son, Fady Mohammed Abdul Latif Jameel, serves as deputy president and vice chairman of Abdul Latif Jameel.[43][44][45] Mohammed's middle son, Hassan Jameel, serves as deputy president and vice chairman of domestic Saudi Arabia operations.[46][47]

Subsidiaries

[edit]

The company currently owns and operates the following subsidiaries:

Abdul Latif Jameel Enterprises: The diversification arm of the group in Saudi Arabia. [48]

Abdul Latif Jameel also has an advertising and media division, consisting of the advertising agency DelphysME (a JV with Delphys[49] of Japan) and the company’s captive outdoor advertising company in Saudi Arabia. It also has an engineering and manufacturing division that handles the aftermarket vehicle parts businesses.

Philanthropy

[edit]
  • Abdul Latif Jameel Community Initiatives, the global philanthropy of Abdul Latif Jameel, was established in 2003.[50] It was renamed Community Jameel in 2016. It engages in socio-economic initiatives across sixfocus areas:
  1. Job creation across the Middle East (through Bab Rizq Jameel)
  2. Global poverty alleviation[51]
  3. Global water and food issues[52]
  4. Education and training[53]
  5. Health and social schemes
  6. Promoting Arabic arts and culture through Art Jameel
  • In 2005, with support from Abdul Latif Jameel Community Initiatives, the Poverty Action Lab[51] based at MIT was renamed the Abdul Latif Jameel Poverty Action Lab (J-PAL), in honor of Sheikh Abdul Latif Jameel.
  • In 2006, Art Jameel[54] (the sister organization of Community Jameel that engages with arts and culture), launched the first Jameel Prize,[55] an international award for contemporary art and design inspired by Islamic tradition,[56][57] at the V&A.
  • In 2007, Community Jameel created Bab Rizq Jameel (BRJ) which was to be dedicated entirely to job creation programs, including training programs designed to end in employment.[58] Between 2003 and 2015, BRJ helped approximately 490,000 people in Saudi Arabia and around 720,000 people across the region to find employment. In 2015, Bab Rizq Jameel generated 81,057[59] employment opportunities in Saudi Arabia. BRJ also set up the Jameel Bazaar, which is a commercial incubator space that allows female entrepreneurs to open their small shops and offices.
  • In 2011, Community Jameel inaugurated a new branch of Bab Rizq Jameel in Istanbul, Turkey.[60]
  • In 2014, the Abdul Latif Jameel World Water and Food Systems Lab[52] (J-WAFS) at MIT was created to conduct research aimed at preventing the shortage of food and water due to climate change and population growth. In 2015, a program for the commercialization of this research was formed.[61]
  • Saudi Aramco announced its partnership with Community Jameel for a traffic safety program in Saudi Arabia’s Western region in July 2014.[62]
  • In March 2015, BRJ won an award in the CSR category of the Arab Social Media Influencers Awards.[63]

See also

[edit]

References

[edit]
  1. ^ a b "About Us and Our Diversified Businesses | Abdul Latif Jameel®". Abdul Latif Jameel. Retrieved 2019-11-05.
  2. ^ Luqman, Farouk (2012-11-16). "Sheikh A.L. Jameel: The man behind Toyota in Saudi Arabia". Arab News. Retrieved 2019-11-05.
  3. ^ "Toyota du Maroc | Devex". www.devex.com. Retrieved 2019-11-05.
  4. ^ ALJFinance.com. "Abdul Latif Jameel United Finance Co". ALJFinance.com. Retrieved 2019-11-05.
  5. ^ "サウジアラビア・ドバイと日本をつなぐ〜ジャミール商事" [Connecting Saudi Arabia, Dubai and Japan - Jameel Trading]. 【公式 ジャミール商事】 Abdul Latif Jameel 日本法人 (in Japanese). Retrieved 2019-11-19.
  6. ^ Jeddah, P. K. Abdul Ghafour (2014-05-06). "ALJ 'keen to promote Saudi-Japan trade ties'". Arab News. Retrieved 2019-11-19.
  7. ^ "ALJ Group becomes Toyota distributor in Turkey". Arab News. 2009-08-15. Retrieved 2019-11-19.
  8. ^ "KOMATSU - New Distributor in Saudi Arabia" (PDF). Archived (PDF) from the original on 2016-04-12.
  9. ^ "ALJ, Sumitomo form JV for distributing Komatsu heavy equipment". Arab News. 2014-03-07. Retrieved 2019-11-27.
  10. ^ "King Abdullah Economic City: Moving Forward". Retrieved 2019-11-27.
  11. ^ "Emaar, ALJ create JV on Saudi real estate projects". Saudigazette. 2014-02-18. Retrieved 2019-11-27.
  12. ^ "Emaar, Abdul Latif Jameel Create JV To Develop Projects In Saudi". Gulf Business. 2014-02-18. Retrieved 2019-11-27.
  13. ^ "Emaar launches JV with Saudi based ALJ group". Construction Week Online. 18 February 2014. Retrieved 2019-11-27.
  14. ^ "Abdul Latif Jameel Energy acquires solar plants developer Fotowatio". Power Technology | Energy News and Market Analysis. 2015-04-08. Retrieved 2019-11-27.
  15. ^ "Saudi Arabia's Renewable Energy Revolution | Abdul Latif Jameel®". Abdul Latif Jameel. Retrieved 2019-11-27.
  16. ^ "LEXUS OPENS FIRST RETAILER IN TURKEY". LEXUS OPENS FIRST RETAILER IN TURKEY. Retrieved 2019-11-27.
  17. ^ "Abdul Latif Jameel to invest $2bn in Saudi Arabia over next 5 years". Arab News. 2016-03-03. Retrieved 2019-11-27.
  18. ^ "Saudi conglomerate Abdul Latif Jameel plans to invest $2bn over next five years". The National. 3 March 2016. Retrieved 2019-11-27.
  19. ^ "Abdul Latif Jameel Motors announces opening of services facilities in Hufof, Saudi Arabia". gulfnews.com. 9 April 2018. Retrieved 2019-11-27.
  20. ^ "Abdul Latif Jameel Machinery's new flagship Komatsu facility a symbol of commitment". Abdul Latif Jameel. Retrieved 2019-11-27.
  21. ^ "PMV Power List: Equipment manufacturers and dealers you should know". Construction Week Online. 10 July 2017. Retrieved 2019-11-27.
  22. ^ "ALJ Land signs deal for developing first residential complex in KSA". Arab News. 2016-08-01. Retrieved 2019-11-27.
  23. ^ "ALJ launches water solutions company". Utilities Middle East. Retrieved 2019-11-27.
  24. ^ "Saudi Arabia's ALJ Energy Targets India to Mexico for Renewables". Bloomberg.com. 2017-01-18. Retrieved 2019-11-27.
  25. ^ "Abdul Latif Jameel Energy starts construction on Jordan solar projects that will power 80,000 homes". gulfnews.com. 30 May 2017. Retrieved 2019-11-27.
  26. ^ Duxbury, Kestell (31 May 2017). "Abdul Latif Jameel Energy starts construction on Jordan solar projects". Technical Review Middle East (in Polish). Retrieved 2019-11-27.
  27. ^ "Abdul Latif Jameel starts construction of 2 largest solar projects in Jordan". Saudigazette. 2017-05-31. Retrieved 2019-11-27.
  28. ^ "FRV starts construction of Mafraq solar plants in Jordan". Renewablesnow.com. Retrieved 2019-11-27.
  29. ^ "Abdul Latif Jameel Electronics launches Redsea retail stores". Saudigazette. 2017-05-02. Retrieved 2019-11-27.
  30. ^ "Abdul Latif Jameel Land launches its first residential complex J|ONE". Eyeofriyadh.com. Retrieved 2019-11-27.
  31. ^ "Automobile : Lexus rassure sur ses débuts au Maroc". La Vie éco (in French). 2018-11-22. Retrieved 2019-11-27.
  32. ^ "FRV swtiches on 138-MW PV plant in India". Renewablesnow.com. Retrieved 2019-11-27.
  33. ^ "Abdul Latif Jameel Machinery, Kanoo partner on Teksan generators". Utilities Middle East. Retrieved 2019-11-27.
  34. ^ "Muheel | Facilities Management | Saudi Arabia". muheel. Retrieved 2019-11-27.
  35. ^ "ALJ launches express delivery service s:mile". Arab News. 2019-03-12. Retrieved 2019-11-27.
  36. ^ "2018 Regional SAP Quality Award Winners". SAP News Center. 2019-04-04. Retrieved 2019-11-27.
  37. ^ "SAP Quality Awards | SAP Quality". SAP. Retrieved 2019-11-27.
  38. ^ "Almar Water Solutions - Sea water desalination - Water projects". Almar Water Solutions. 2015-09-25. Retrieved 2019-11-27.
  39. ^ "Plans revealed for new $600m Saudi desalination project". ArabianBusiness.com. Retrieved 2019-11-27.
  40. ^ "Rivian IPO turned a family's early investment into $11.5 billion". Fortune.
  41. ^ Mughal, Waqar. "Abdul Latif Jameel - The Top 100 Arab Family Businesses". Forbes Lists. Retrieved 2022-10-19.
  42. ^ "The Arab World's Richest Families 2017 - Forbes Middle East". Forbes Middle East. Archived from the original on 2017-09-29. Retrieved 2017-09-28.
  43. ^ "Abdul Latif Jameel Land receives prestigious award for pioneering residential development in Jeddah". Abdul Latif Jameel. May 29, 2019. Retrieved June 13, 2019.
  44. ^ "Abdul Latif Jameel Starts Operations At Its Lilyvale Solar Plant In Australia". Middle East Utilities. April 11, 2019.
  45. ^ "Abdul Latif Jameel and Four Principles launch Japanese business philosophy program". Arab News. March 31, 2018.
  46. ^ "Hassan Jameel". Family Business Council-Gulf. Retrieved February 20, 2019.
  47. ^ "Hassan Jameel - Official Biography". Hassan Jameel. Retrieved 2020-03-24.
  48. ^ "About ALJ Enterprises". ALJ.
  49. ^ "株式会社デルフィス". 株式会社デルフィス (in Japanese). Archived from the original on 2019-08-09. Retrieved 2019-12-16.
  50. ^ "Global Website | 75 Years of Toyota | Section 5. Latin America, Africa, and Middle East | Item 1. Responding to Market Growth and Expansion". www.toyota-global.com. Retrieved 2019-11-19.
  51. ^ a b "The Abdul Latif Jameel Poverty Action Lab". www.povertyactionlab.org. Retrieved 2019-12-16.
  52. ^ a b "Abdul Latif Jameel Water and Food Systems Lab (J-WAFS)". jwafs.mit.edu. Retrieved 2019-12-16.
  53. ^ "MIT J-WEL". MIT J-WEL. Retrieved 2019-12-16.
  54. ^ "Artists and creative communities in Middle East". Art Jameel. Retrieved 2019-12-16.
  55. ^ "V&A · Jameel Prize". Victoria and Albert Museum. Retrieved 2019-12-16.
  56. ^ Radar, Art. "Jameel Prize 4 announces shortlisted artists | Art Radar". Archived from the original on 2019-12-16. Retrieved 2019-12-16.
  57. ^ "What does the Jameel Prize mean for contemporary Islamic art?". Apollo Magazine. 2016-05-31. Retrieved 2019-12-16.
  58. ^ Posted by CSR Middle East on February 1, 2012 at 6:45pm; Blog, View. "A Family Business Setting Standards in Job Creation". csrmiddleeast.org. Retrieved 2019-12-16.{{cite web}}: CS1 maint: numeric names: authors list (link)
  59. ^ "Bab Rizq Jameel helped generate over 81,000 job opportunities in Saudi Arabia in 2015 | Abdul Latif Jameel®". Abdul Latif Jameel. Retrieved 2019-12-16.
  60. ^ "Bab Rizq Jameel Starts Operations in Turkey | Abdul Latif Jameel®". Abdul Latif Jameel. Retrieved 2019-12-16.
  61. ^ "New program aims to commercialize innovations in food and water". MIT News. 30 April 2015. Retrieved 2019-12-16.
  62. ^ "New Partnership for Traffic Safety Efforts". www.aramcoexpats.com. Retrieved 2019-12-16.
  63. ^ Staff (17 March 2015). "Dubai summit new phase in evolution of social media: Mohammed - Emirates24|7". www.emirates247.com. Retrieved 2019-12-16.
[edit]
Wikimedia Commons has media related to Abdul Latif Jameel.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Abdul_Latif_Jameel&oldid=1255404334"