Al Balad Development Company to Spearhead Historic Jeddah Redevelopment

Preserving Heritage, Enhancing Infrastructure in Vibrant District

Company Overview and Mission

Al Balad Development Company (BDC), a wholly owned subsidiary of the Public Investment Fund (PIF), has been appointed as the master developer and asset manager for the historic Al Balad district in Jeddah. With a focus on preserving and enhancing the district's rich heritage, BDC will oversee the restoration of historic buildings, improve infrastructure, and develop service facilities to breathe new life into the vibrant district.