On June 1, 2026, Ladun Investment Company announced that its consortium with Al-Ayuni Investment and Contracting Company has been awarded the Khalidiyah Informal Settlement Redevelopment Project in Makkah by the Royal Commission for Makkah City and Holy Sites. The project, awarded on May 31, 2026, has a targeted sales value exceeding SAR 6 billion, with contract signing expected on June 9, 2026. The project involves establishing a closed-ended private real estate investment fund to execute infrastructure works, subdivide land into plots for sale, and includes comprehensive development of road, water, sewage, electricity, and telecommunications networks. The initiative aims to create organized and sustainable urban environments while preserving Makkah's unique identity and enhancing quality of life for residents.

Original announcement:

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