Midad Real Estate

Midad Real Estate
Native name
مداد العقارية
TypePrivate company
IndustryReal estate development
Founded2005
HeadquartersRiyadh, Saudi Arabia
Key people
Abdulelah bin Mohammed Al Aiban (President)
Websitemidad.com.sa

Midad Real Estate (Arabic: مداد العقارية) is a Saudi Arabian real estate development company headquartered in Riyadh, Saudi Arabia.[1] The company operates in the real estate development sector, focusing on large-scale hospitality and mixed-use projects.

History

In November 2022, Midad Real Estate and Four Seasons Hotels and Resorts entered into an agreement to develop the Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build development on the New Jeddah Corniche overlooking the Red Sea, located near the historic area of Al-Balad and the Jeddah Corniche Circuit.[2]

In November 2025, during the TOURISE Global Summit in Riyadh,[3][4] Midad Real Estate announced a joint venture with Jeddah Central Development Company (JCDC), a subsidiary of the Public Investment Fund and Kerzner International, owner of the Atlantis and One&Only brands to develop Atlantis and One&Only in Jeddah Central.[4][5][6] The total of the properties' value exceeds $2.03 billion,[4][5] with Midad Real Estate serving as the developer for both properties, which will be situated within the Jeddah Central waterfront masterplan on the Red Sea coast.[3] The two developments represent the first presence of both brands in Saudi Arabia.[3]

In January 2026, Midad Real Estate and Diriyah Company, a developer owned by Saudi Arabia's Public Investment Fund signed a joint development agreement for the Four Seasons Hotel and Private Residences Diriyah.[7][8][9] The total value of the development is estimated at $827 million, including land acquisition and construction costs.[10][11]

References

  1. ↑ "ثقافي / مشاريع الترفيه السعودية توقع اتفاقية شراكة مع مداد للتنمية والاستثمار العقاري". spa.gov.sa (in Arabic). Retrieved 2026-04-13.
  2. ↑ "Four Seasons, Midad Real Estate announce new Jeddah project". Arab News. 2022-11-15. Retrieved 2026-04-12.
  3. 1 2 3 Menon, Balaram (2025-11-13). "New Atlantis and One&Only resorts planned in Jeddah, Saudi Arabia". Gulf News. Retrieved 2026-04-12.
  4. 1 2 3 "Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah". Arab News. 2026-01-07. Retrieved 2026-04-12.
  5. 1 2 ""مداد العقارية" و"كيرزنر إنترناشيونال" توقعان تحالفاً استثمارياً بقيمة 7.6 مليار ريال". العربية (in Arabic). 2025-11-13. Retrieved 2026-04-12.
  6. ↑ "صفقة بملياري دولار لتطوير منتجعات "Atlantis" و"One&Only" الفاخرة على ساحل جدة". asharqbusiness.com. Retrieved 2026-04-13.
  7. ↑ "Midad, Diriyah Company sign $827mln deal for Four Seasons hotel, residences". Zawya. 8 January 2026.
  8. ↑ "Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah". Arab News. 7 January 2026.
  9. ↑ "Diriyah Company and Midad Development and Real Estate Investment Company Announce Joint Development Agreement for Four Seasons Hotel and Private Residences Diriyah". Saudi Press Agency. 7 January 2026.
  10. ↑ "Four Seasons and developers to bring luxury hotel, residences to Diriyah". HOTELSMag.com. Retrieved 2026-04-13.
  11. ↑ صحفية, بيانات. ""مداد العقارية" و"الدرعيّة" تطوّران فندق ومساكن فور سيزونز الخاصة". www.zawya.com (in Arabic). Retrieved 2026-04-13.
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