King Salman International Airport, a Public Investment Fund (PIF) company, has signed seven MoUs with a group of leading national real estate companies to develop a portfolio of mixed-use real estate projects within its boundaries in Riyadh.

The agreements were signed with Sumou Holding, Mohammed Al Habib Investment, Kinan, Ajdan, Retal, Urjuan, and Osus on the sidelines of the Private Sector Forum 2026 in Riyadh held last month (February). 

The projects fall within the airport’s master development area spanning  57 sq km, of which 12 sq km are allocated for real estate development. This provides broad opportunities to deliver integrated mixed-use urban projects, including residential, retail, leisure,  office and hospitality facilities. 

Acting CEO Marco Mejia said the project scope includes integrated economic and logistics zones spanning 3 million sq m, aligning real estate development with economic activity.

Located on the current site of King Khalid International Airport, the project will include the existing King Khalid terminals in addition to three new terminals, residential and leisure assets, six runways, and logistics facilities. 

Once operational, King Salman International Airport will accommodate 100 million passengers annually and handle over 2 million tonnes cargo by 2030.

In another development, Saudi Arabia’s Matarat Holding, in collaboration with the National Center for Privatization & PPP (NCP), has issued EoIs for the development of Prince Naif bin Abdulaziz International Airport project in Qassim.

The project scope includes the development and operation of the airport, covering design, financing, construction, transfer, operations and maintenance. 

Located 25 km from Buraidah, the new airport will boast a hitech passenger terminal  as well as a runway, taxiways and aprons.