AlUla Development company

Real Estate
Established in 2020
Saudi Arabia

AlUla Development Company (UDC) is a closed joint stock real estate business, fully owned by the Public Investment Fund (PIF), established to support the development of AlUla. It will build and operate a world-class portfolio of hospitality, residential, retail, commercial and infrastructure assets in collaboration with the Royal Commission for AlUla (RCU) and the private sector. With a long-term investment strategy aimed at sustainable economic growth, UDC will rejuvenate and preserve one of the world's most ancient cultural sites, writing a new chapter in AlUla's legacy. AlUla Development Company serves as the gateway to opportunity and growth in AlUla, providing a wide range of opportunities for local and international investment across various sectors. It will offer companies with a chance to be part of Saudi Arabia's ongoing transformation in the pursuit of its goals to support the responsible, sustainable development of AlUla.