King Salman International Airport announced the signing of seven memorandums of understanding with several major local real estate developers during the Public Investment Fund and Private Sector Forum.
The initiative aims to develop mixed-use real estate projects within the airport’s 57 km² area, including 12 km² dedicated to urban development projects featuring residential communities, commercial and entertainment centers, and office facilities built to the highest standards.
The participating companies include Sumou Holding, Mohammed Al Habib Investment, Kinan, Ajdan, Retal, Arjwan, and Osus. These partnerships focus on creating an integrated urban environment and linking real estate development with aviation and lifestyle concepts, in line with Saudi Arabia’s Vision 2030 to strengthen the economy and diversify investment.
The airport’s CEO, Marco Mejia, emphasized that the project aspires to transform the airport into an integrated urban and economic ecosystem. The airport will also include economic and logistics zones covering 3 million square meters to support economic activities and infrastructure.
The project includes new passenger terminals, residential and entertainment complexes, six runways, and logistics facilities spanning a total area of 57 km², with a planned capacity of up to 100 million passengers annually by 2030.
