Ajdan Real Estate Development Company signed a Memorandum of Understanding (MoU) with King Salman International Airport during the 2026 Public Investment Fund and Private Sector Forum.
This MoU aims to explore areas of cooperation, improve the quality of projects and identify opportunities for mixed-use real estate and commercial developments that meet the highest standards of efficiency and excellence.
At the signing ceremony, the company’s CEO, Engineer Mohamed bin Abdulmohsen Al Otaibi, and Deputy Director General for Real Estate Development, Dr. Mohamed Al Jalala, signed on behalf of Ajdan and King Salman International Airport.
This MoU establishes a strategic framework for future cooperation and paves the way for long-term partnership on a number of flagship projects.
Under this MoU, Ajdan will work with King Salman International Airport to develop mixed-use spaces and commercial facilities within the airport grounds, strengthening its role as a national real estate developer delivering innovative projects that promote sustainable development.
The company leverages its expertise in integrated commercial destination planning, design and management to ensure project execution meets the highest quality and sustainability standards.
King Salman International Airport is one of Saudi Arabia’s largest strategic development projects in terms of area and operational ambitions. The airport has an area of approximately 57 square kilometers, of which approximately 12 square kilometers are allocated for mixed-use real estate development, with a fully integrated economic and logistics zone spread over more than 3 million square meters. These developments will strengthen the integration of real estate, commercial and service activities. The airport aims to handle 100 million passengers annually by 2030, supported by a comprehensive upgrade of facilities, infrastructure and logistics services, positioning it as a leading multi-sector investment platform and engine of economic growth.
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Mohammed bin Abdulmohsen Al Otaibi, CEO of Engineering Ajdan, said: “We are proud of our collaboration with King Salman International Airport. This reflects Ajdan’s commitment to integrated destination development in line with global standards. Through this partnership, we aim to leverage our expertise to provide innovative solutions that create sustainable value for the airport and enhance the visitor experience.”
KSIA Marco Mejia, Acting CEO, said: “These seven partnerships reflect our ambitious vision to move KSIA beyond the traditional airport concept and transform it into a fully integrated urban and economic ecosystem. We are proud to work with a distinguished group of the country’s leading real estate developers whose deep expertise and strong track record will help us deliver high-quality projects, generate sustainable economic value and further position the airport as a leading investment hub.”
This measure is part of Ajdan’s strategy to expand strategic partnerships and develop sustainable urban and commercial destinations that improve quality of life and support economic growth across the Kingdom.
