Established in 2003 and headquartered in Jeddah, Midad Real Estate Investment & Development Company has built a reputation for creating premium destinations that define urban luxury living in Saudi Arabia. Under the leadership of President Abdulelah bin Mohammed Al Aiban, the company specializes in luxury hospitality, branded residences, and mixed-use developments aligned with Saudi Vision 2030.
Midad's development philosophy centers on partnering with globally recognized hospitality brands to deliver world-class projects that meet international quality standards. The company's track record demonstrates successful execution of complex, high-value developments requiring sophisticated construction management, brand coordination, and long-term operational planning.
Portfolio and Track Record
Midad has established itself as a leading developer of luxury hospitality assets in Saudi Arabia with a growing portfolio of landmark projects. The company's focus on Jeddah's premium waterfront corridor reflects deep local market knowledge and strategic positioning in Saudi Arabia's most established luxury residential district.
The developer maintains a diversified portfolio spanning residential, commercial, and investment properties, with particular expertise in hospitality-related developments. Midad's business model emphasizes creating enduring landmarks that appreciate over time while enriching the communities they serve.
Current Major Projects
Four Seasons Private Residences Jeddah at the CornicheLaunched in June 2024, this flagship development represents Midad's partnership with Four Seasons Hotels and Resorts. The project showcases the developer's ability to execute architecturally ambitious designs, including the Middle East's largest suspended bridges designed by SOM. Expected completion in 2027.
Atlantis Jeddah and One&Only Jeddah
Announced in November 2025, this SAR 7.6 billion joint venture with Jeddah Central Development Company (owned by the Public Investment Fund) and Kerzner International marks a significant expansion of Midad's luxury hospitality portfolio. As the project developer, Midad will oversee creation of the Kingdom's first Atlantis and One&Only destinations within the Jeddah Central waterfront master plan.
This partnership with PIF-backed entities and internationally renowned Kerzner International demonstrates Midad's credibility and ability to attract institutional investment for large-scale tourism and entertainment developments.
Strategic Partnerships
Midad has established strategic relationships with premier global hospitality brands and government entities, including Four Seasons Hotels and Resorts, Kerzner International (Atlantis and One&Only brands), and Jeddah Central Development Company. These partnerships provide institutional oversight, operational expertise, and brand standards that protect investor interests and ensure quality delivery.
The company's selection as development partner by both Four Seasons and Kerzner International reflects industry confidence in Midad's execution capabilities, financial stability, and understanding of luxury hospitality requirements.
Vision 2030 Alignment
Midad's development strategy aligns directly with Saudi Vision 2030's objectives for tourism diversification, foreign investment attraction, and job creation. The company's focus on luxury hospitality and branded residences positions its projects to benefit from government infrastructure investment, new foreign ownership legislation, and the Kingdom's emergence as a global tourism destination.
As a Saudi-based developer with over two decades of local market experience, Midad understands regulatory requirements, cultural considerations, and stakeholder coordination necessary for successful project delivery in the Kingdom.
Due Diligence Considerations
For investors conducting due diligence on Four Seasons Private Residences Jeddah, Midad Real Estate presents several credibility indicators:
- Established Track Record - Over 20 years operating as a Saudi real estate developer with completed landmark projects
- Institutional Partnerships - Active partnerships with Four Seasons, Kerzner International, and PIF entities demonstrate credibility
- Brand Validation - Selection by Four Seasons as development partner indicates meeting their stringent developer qualification criteria
- Scale of Operations - Current pipeline includes multi-billion riyal projects requiring significant financial and operational capacity
- Government Alignment - Direct involvement with PIF-backed projects and Vision 2030 initiatives
- Local Expertise - Jeddah headquarters and deep understanding of local market dynamics, regulations, and stakeholder landscape
