Ajdan Actual Property Improvement Firm signed a Memorandum of Understanding (MoU) with King Salman Worldwide Airport throughout the Public Funding Fund & Non-public Sector Discussion board 2026.
The MoU goals to discover areas of cooperation and determine alternatives for mixed-use actual property and business improvement that can improve venture high quality and meet the best requirements of effectivity and excellence.
Representing “Ajdan” on the signing ceremony was its CEO, Eng. Mohammed bin Abdulmohsen Al-Otaibi, whereas Dr. Mohammed Al-Jarallah, Deputy Chief Government for Actual Property Improvement, signed on behalf of “King Salman Worldwide Airport”.
The MoU establishes a strategic framework for future cooperation and paves the best way for a long-term partnership on plenty of flagship initiatives.
Below this memorandum, Ajdan collaborates with King Salman Worldwide Airport on the event of mixed-use areas and business amenities inside the airport’s premises, constructing on its function as a nationwide actual property developer delivering modern initiatives that advance sustainable improvement.
The corporate will leverage its experience within the planning, design, and administration of built-in business locations to make sure venture execution meets the best requirements of high quality and sustainability.
“King Salman Worldwide Airport” is without doubt one of the Kingdom’s largest strategic improvement initiatives by way of space and operational ambition. The airport spans roughly 57 sq. kilometers, of which about 12 sq. kilometers are allotted for mixed-use actual property improvement, along with totally built-in financial and logistics zones protecting greater than 3 million sq. meters. These developments will improve the combination of actual property, business, and repair actions. The airport targets dealing with 100 million passengers yearly by 2030, supported by complete upgrades to amenities, infrastructure, and logistics companies, positioning it as a sophisticated multi-sector funding platform and a driver of financial development.
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Eng. Mohammed bin Abdulmohsen Al-Otaibi, CEO of Ajdan, said: “We take satisfaction in our collaboration with King Salman Worldwide Airport, which displays Ajdan’s dedication to growing built-in locations according to world requirements. Via this partnership, we intention to leverage our experience to ship modern options that create sustainable worth for the airport and improve the customer expertise.”
KSIA Appearing CEO Marco Mejia said, “These seven partnerships mirror our formidable imaginative and prescient to remodel KSIA into a completely built-in city and financial ecosystem that goes past the standard idea of airports. We’re proud to collaborate with a distinguished group of main nationwide actual property builders whose deep experience and robust observe information will assist ship high-quality initiatives, create sustainable financial worth, and additional place the airport as a number one funding hub ”.
This step is a part of Ajdan’s technique to broaden its strategic partnerships and develop sustainable city and business locations that assist enhance high quality of life and assist financial development throughout the Kingdom.
