• Source: Abdul Latif Jameel

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




History


1940s–60s
Abdul Latif Jameel was founded in Jeddah, Saudi Arabia in 1945 by Sheikh Abdul Latif Jameel. It became a Toyota distributor in the Kingdom in 1955.
1970s–2000s
In 1979, Abdul Latif Jameel United Finance Company (ALJUF) was established.
In 1996, Abdul Latif Jameel established a general trading company in Japan, which now has an experiential open business centre in Tokyo.
The company also established a Toyota distributorship in Turkey.
2010s–present day
Abdul Latif Jameel and Sumitomo Corporation formed a JV (known presently as Abdul Latif Jameel Machinery) in 2013 to distribute Komatsu heavy equipment in Saudi Arabia.
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. The next year, Abdul Latif Jameel signed a joint venture MoA with the Dubai-based regional property developer, Emaar Properties.
Abdul Latif Jameel also began a joint venture with the Spain-based company Fotowatio Renewable Ventures (FRV) in 2014, and acquired FRV in 2015.
In May 2016, Abdul Latif Jameel opened and launched the first Lexus brand distributorship in Turkey. In the same year, the company also announced its intention to invest US$2.2 billion in Saudi Arabia over the next 5 years 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, and the opening of a new flagship Komatsu facility in Jeddah, Saudi Arabia. In 2016, Abdul Latif Jameel Land began building J│ONE Residences, its first residential project in Jeddah, Saudi Arabia.
At the World Future Energy Summit 2017, in Abu Dhabi, Abdul Latif Jameel Energy announced the launch of Almar Water Solutions. 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. In the same year, the company's electronics division was rebranded and re-launched as Redsea.
In April 2018, Abdul Latif Jameel Land launched J|ONE residencies. In October, it established the first Lexus showroom in Morocco, launching it at the Auto Expo 2018 in Casablanca. 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. Abdul Latif Jameel Machinery also announced a strategic partnership with Kanoo Machinery.
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, an Integrated Facilities Management company (IFM) in Saudi Arabia. Abdul Latif Jameel Logistics launched an express delivery service and e-commerce brand, S:mile.
In April 2019, Abdul Latif Jameel Motors was awarded the Gold Award for Business Transformation, for its JSAP program at the annual SAP Quality Awards, presented at a ceremony in Heidelberg, Germany. In the same year, Almar Water Solutions, 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.
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.
In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking seventh.




Management


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. Mohammed's eldest son, Fady Mohammed Abdul Latif Jameel, serves as deputy president and vice chairman of Abdul Latif Jameel. Mohammed's middle son, Hassan Jameel, serves as deputy president and vice chairman of domestic Saudi Arabia operations.




Subsidiaries


The company currently owns and operates the following subsidiaries:
Abdul Latif Jameel Enterprises: The diversification arm of the group in Saudi Arabia.
Abdul Latif Jameel also has an advertising and media division, consisting of the advertising agency DelphysME (a JV with Delphys 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


Abdul Latif Jameel Community Initiatives, the global philanthropy of Abdul Latif Jameel, was established in 2003. It was renamed Community Jameel in 2016. It engages in socio-economic initiatives across sixfocus areas:
Job creation across the Middle East (through Bab Rizq Jameel)
Global poverty alleviation
Global water and food issues
Education and training
Health and social schemes
Promoting Arabic arts and culture through Art Jameel
In 2005, with support from Abdul Latif Jameel Community Initiatives, the Poverty Action Lab 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 (the sister organization of Community Jameel that engages with arts and culture), launched the first Jameel Prize, an international award for contemporary art and design inspired by Islamic tradition, 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. 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 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.
In 2014, the Abdul Latif Jameel World Water and Food Systems Lab (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.
Saudi Aramco announced its partnership with Community Jameel for a traffic safety program in Saudi Arabia’s Western region in July 2014.
In March 2015, BRJ won an award in the CSR category of the Arab Social Media Influencers Awards.




See also


Abdul Latif Jameel Poverty Action Lab




References






External links

Kata Kunci Pencarian:

• Liga Profesional Saudi
• Ekonomi pembangunan
• Tiang bendera Jeddah
• Liga Profesional Saudi 2015–2016
• Neil Ferguson (epidemiolog)
• Bahrain 10–0 Indonesia
• Universitas Raja Saud
• Penyair PMK
• Abdul Latif Jameel
• Hassan Jameel
• Saudi Pro League
• Abdul Latif Jameel Poverty Action Lab
• MIT Jameel Clinic
• Jameel Institute
• Rivian
• Abhijit Banerjee
• Esther Duflo
• Innovations for Poverty Action