Saudi Downtown Company develops mixed-use downtowns and destinations across 12 Saudi cities, combining retail, entertainment, tourism, hospitality, residential, office, cultural and recreational uses. Its master-developer model targets residents, visitors and businesses while supporting city quality of life and economic activity.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
No evidenced risk flags in the sources reviewed. An absence of flags is not evidence that there is no risk.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
The partnership covers a Promise to Lease Agreement and a Development Services Agreement for the retail center in Al Madinah Downtown; Cenomi Centers will lease and operate the retail complex for 25 years from asset handover.
The agreement covers the design and construction of a primary substation and delivery of the associated electrical infrastructure for Al Khobar Downtown.
The agreement covers design and development of Al Khobar Downtown infrastructure, including roads and lighting works.
The agreement covers cultural-heritage documentation, data and study sharing, cultural-asset investment opportunities, and incorporating cultural assets into development master plans.
The Promise to Lease Agreement covers the leasing and operation of the retail complex for a period of 25 years, starting from the handover of the asset.
The agreement covers the design and construction of the substation, along with the delivery of the associated electrical infrastructure
The agreement covers the design and development of the project’s infrastructure, in addition to the design and execution of roads and lighting works
The Saudi Ministry of Culture has signed an agreement with the Saudi Downtown Company to strengthen cooperation in areas of mutual interest.
| COMPANY NUMBER | 1010620799 Ministry of Commerce and Industry (RA000513) · SAUDI ARABIA · LAPSED |
| Saudi Arabia | active 0 projects tracked |
| no project types recorded |
Education: Bachelor’s degree in Civil Engineering, King Fahd University of Petroleum and Minerals (1978).
Education: Bachelor’s degree in Civil Engineering, King Fahd University of Petroleum and Minerals (1978).
Member of the Board of Directors of the Royal Commission for Riyadh City.
Member of the Board of Directors of the Royal Commission for AlUla.
Member of the Board of Directors of Diriyah Gate Development Authority
Member of the Board of Directors of Jeddah Development Authority.
Ibrahim bin Mohammed Al-Sultan Minister of State and Member of the Council of Ministers, Acting CEO of the Royal Commission for Riyadh City.
Chairman of the Board
Minister of State, Member of the Council of Ministers
Education: Bachelor’s degree in Civil Engineering, King Fahd University of Petroleum and Minerals (1978).
His Excellency Eng. Ibrahim Bin Muhammad Al-Sultan ... was the Mayor of Riyadh from 2015 to 2018
His Excellency also worked as the Head of the Projects and Planning Center at the Commission from 2011 to 2015.
Chairman of the Board HE. Eng. Ibrahim M. Al SultanMinister of State, Member of the Council of Ministers
Chief Executive Officer - Saudi Downtown Company (Current) Oct 2023 - Present
Al Hammad has 30 years of experience in leading real estate development and projects management.
Chief Executive Officer Eng. Fahad bin Ibrahim Al-Hammad
Al Hammad has 30 years of experience in leading real estate development and projects management.
EXECUTIVE MANAGEMENT ... Chief Executive Officer Eng. Fahad bin Ibrahim Al-Hammad
He is a board member and advisor to a number of publicly listed and large privately held companies.
As the CEO of Dur Hospitality from 2012 to 2019
From 2004 through 2011, he held multiple leadership roles at Cisco Systems
AlBadr is a seasoned executive with more than two decades of experience in launching businesses, transforming organizations, leading complex businesses in technology, telecom, real estate, hospitality and non-profit fields.
Dr. Badr Humod Al Badr CEO of Misk Foundation
AlBadr is a seasoned executive with more than two decades of experience
As the CEO of Dur Hospitality from 2012 to 2019, AlBadr transformed Dur into a modern hospitality and real estate company
From 2004 through 2011, he held multiple leadership roles at Cisco Systems
Dr. Badr Humod Al Badr CEO of Misk Foundation
He holds a Bachelor of Science in Finance degree from the King Fahd University of Petroleum and Minerals (KFUPM)
He holds a Bachelor of Science in Finance degree from the King Fahd University of Petroleum and Minerals (KFUPM)
a Master of Business Administration degree from the University of Wales.
a Master of Business Administration degree from the University of Wales.
He is the Chairman of the board of Al Fadhili Housing Company
the Chairman of the board of Mumtalakat
the Vice Chairman of Al Rajhi Ekhwan
Previously, he served as CEO of MASIC Logistics from 2020 to 2022.
Abaalkhail was CEO of MASIC Logistics from 2020 to 2022 and of Almutlaq Real Estate Investment Co. between 2013 and 2020.
Previously, he served as group head of business development at Al-Faisaliah Group Holding for four years.
Abaalkhail began his career at Ernst & Young
He has been the CEO of Dan Company, a subsidiary of the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, since 2022.
Previously, he served as CEO of MASIC Logistics from 2020 to 2022.
Mr. Abdulrahman Abaalkhail CEO of Dan Company
He has been the CEO of Dan Company, a subsidiary of the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, since 2022.
He holds a Bachelor of Science in Finance degree from the King Fahd University of Petroleum and Minerals (KFUPM) and a Master of Business Administration degree from the University of Wales.
Mr. Abdulrahman Abaalkhail CEO of Dan Company
Edward Sammut is the Chief Delivery Officer at Qiddiya - one of the flagship projects that form part of Saudi Arabia’s Vision 2030. In this position, he leads the construction portfolio with responsibility for program-wide delivery.
Edward Sammut is the Chief Delivery Officer at Qiddiya
With over 30 years of international work experience spanning Australia, the United Kingdom, Asia, Europe, and the Middle East
Mr. Edward Sammut Chief Delivery Officer – Qiddiya
Khalid Johar, Co-Head of the Local Real Estate Portfolio Department at PIF said:
Dr. Khalid Johar PIF Representative
Khalid Johar, Co-Head of the Local Real Estate Portfolio Department at PIF said:
Dr. Khalid Johar PIF Representative
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0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|
| Coverage | active |
| Tracked since | October 8, 2026 |
| Last checked | October 8, 2026 this month |
| Profile last researched | October 8, 2026 |
| Claim |