Al Balad Development Company (BDC) is a Saudi master developer established in October 2023 by the Public Investment Fund (PIF) to lead the redevelopment and asset management of the Jeddah Historic District (Al Balad), a UNESCO World Heritage urban core. The company’s mandate includes restoring heritage buildings and developing residential, hospitality, commercial, and office spaces across an approximately 2.5 million m² area.

BDC is fully owned and funded by the Public Investment Fund of Saudi Arabia, with a reported $3.6 billion investment portfolio launched to revitalize the Al Balad area, financed through public-private partnerships and investment funds.

No independent third-party post-completion quality assessments are publicly available, but the company’s heritage focus and government oversight imply high architectural and conservation standards tied to UNESCO and Ministry of Culture requirements

BDC was incorporated by government mandate and operates under the strategic objectives of Saudi Vision 2030 with oversight by PIF and collaboration with the Ministry of Culture, indicating formal regulatory establishment and approval

Publicly available information is primarily institutional and project-level rather than buyer or tenant feedback; independent customer satisfaction reviews are not readily available given the project’s ongoing and heritage-focused nature.

Al Balad Development Company is widely cited in news and industry sources as the official master developer and asset manager of Historic Jeddah under PIF, supporting a high-profile reputation within national strategic development frameworks.

Public sources do not clearly document third-party sustainability certifications (e.g., LEED/BREEAM) for Al Balad’s projects, though heritage preservation and sustainable tourism principles are embedded in planning guidelines.