Albalad Development CO.

Real Estate
Established in 2023
 Jeddah, Saudi Arabia
Al Balad Development Company (BDC), wholly owned by the Public Investment Fund, is the heritage-focused master developer and asset manager of the Jeddah Historical District. Its aim is to provide an authentic experience, build a vibrant and creative community, and establish Jeddah Historical District as an economic center and a global historical destination inspired by Jeddah’s ancient heritage and diverse culture. 

The establishment of the company follows the directive of His Royal Highness the Crown Prince to develop historic Jeddah, which began in 2019. It also contributes to the goals of the Kingdom’s Vision 2030 for Jeddah to be a global destination.