Al Balad Development Company

Al Balad Development Company
Native name
شركة تطوير البلد
Company typePrivately held company
IndustryHospitality
Tourism
Founded3 October 2023; 13 months ago (2023-10-03)[1]
FounderPublic Investment Fund
Headquarters
Jeddah
,
Saudi Arabia
Key people
[2]
OwnerPublic Investment Fund
SubsidiariesAl Balad Hospitality
Websitebalad.com.sa/en/

Al Balad Development Company (BDC; Arabic: شركة تطوير البلد) is a hospitality and tourism company based in Jeddah, Saudi Arabia. The company was founded in October 2023 by the Public Investment Fund as part of Saudi Vision 2030. BDC aims to transform Al Balad Historic District into a global tourist destination.[3]

  1. ^ "PIF Announces 'Al Balad Development Company' to Develop Jeddah's Historic District and Transform it into Global Cultural and Heritage Destination". Saudi press Agency. 3 October 2023. Retrieved 16 March 2024.
  2. ^ "About AlBalad Development Company". balad.com.sa. Al Balad Development Company. 3 October 2023. Retrieved 16 March 2024.
  3. ^ "PIF creates Al Balad Development Co. to boost historic Jeddah area". Arab News. 3 October 2023. Retrieved 16 March 2024.