The agreements were signed on the sidelines of the Private Sector Forum 2026 in Riyadh
King Salman International Airport Development Company (KSIADC) has signed multiple memorandums of understanding with local firms to develop several mixed-use projects within King Salman International airport (KSIA) in Riyadh.
The agreements were signed on the sidelines of the Private Sector Forum 2026 in Riyadh.
The agreements involved major investment and development firms, including Sumou Holding, Mohammed Al-Habib Investment, Kinan, Ajdan, Retal, Urjuan and Osus.
The developments will comprise residential, commercial, retail, hospitality, entertainment and other related projects.
These developments will be located within the airport’s master development area, 12 square kilometres (sq km) of which are allocated for real estate development.
According to a statement published by the Saudi Press Agency, “KSIADC’s development scope also includes integrated economic and logistics zones covering approximately 3 million square metres, aligning real-estate development with economic activity and supporting services."
Project scale
The project covers an area of about 57 sq km, allowing for six parallel runways, and will include the existing terminals at King Khalid International airport.
The airport aims to accommodate up to 100 million passengers by 2030. The cargo processing goal is to reach 2 million tonnes a year by 2030.
Saudi Arabia plans to invest significantly in its aviation sector. Riyadh’s Saudi Aviation Strategy, announced by the General Authority of Civil Aviation, aims to triple Saudi Arabia’s annual passenger traffic to 330 million travellers by 2030.
It also aims to increase air cargo traffic to 4.5 million tonnes and raise the country’s total air connections to more than 250 destinations.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF
Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar > INDUSTRY REPORT: MEED's GCC water developer ranking > INDUSTRY REPORT: Pipeline boom lifts Mena water awards > MARKET FOCUS: Qatar’s strategy falls into place > CURRENT AFFAIRS: Iran protests elevate regional uncertainty > CONTRACT AWARDS: Contract awards decline in 2025 > LEADERSHIP: Tomorrow’s communities must heal us, not just house us > INTERVIEW: AtkinsRealis on building faster > LEADERSHIP: Energy security starts with rethinking waste |
To see previous issues of MEED Business Review, please click here
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