Tatweer Holding Company
Saudiarabia • tatweer-sa.com
Leadership
In 1990, Jacobs sold Jacobs Suchard AG to Philip Morris, which later became part of Kraft Foods, and founded Jacobs Holding AG in 1994. He was also deeply committed to philanthropy; in December 1988/1989, he and his family established the Jacobs Foundation in Switzerland, aimed at enhancing education and youth development globally. In 2001, he transferred his entire shareholding in Jacobs Holding AG to the foundation, ensuring its long-term financial sustainability. The foundation continues to honor his legacy through the “Klaus J. Jacobs Research Prize” and the “Klaus J. Jacobs Best Practice Prize” for advancements in learning and youth development.
Jacobs received numerous accolades for his contributions, including an honorary doctorate from the University of Basel in 2005 and the Leibniz Medal from the Berlin-Brandenburg Academy of Sciences in 2008. He is survived by six children, including Andreas Jacobs, and is remembered for intertwining industrial success with social impact.
Active Projects
Laysen Valley
Laysen Valley is a mixed-use development in Riyadh's Umm al-Hammam al-Gharbi district, developed by Tatweer Holdings and largely completed by 2022. Spanning 74,000 square meters, it is named after Wadi Laysan and features restaurants, cafes, and offices for over 50 multinational companies, including Servcorp, Roche, Credit Suisse, BlackRock, and Nokia.
Source: https://en.wikipedia.org/wiki/Laysen_Valley ↗
Latest News
Tatweer Company has signed a Memorandum of Understanding (MoU) with Roshn Group to enhance urban development projects in Mecca, particularly in the Al-Manar community, during the Cityscape Global Expo 2024 in Riyadh. This collaboration is aligned with Saudi Vision 2030, aiming to improve living standards and contribute to sustainable development. Abdulaziz AlZamil, Tatweer's Chief Business Development Officer, emphasized the partnership's potential to create integrated and sustainable communities. The initiative is expected to generate local job opportunities and bolster urban development throughout the Kingdom.
Source: https://www.zawya.com/en/press-release/companies-news/tatweer-signs-an-mou-with-roshn-group-to-expand-collaboration-in-development-projects-in-mecca-lqg93jl6 ↗