AlUla Development Company
Mohammed Al-Ajmi, LLM, currently serves as the GRC & ESG Head at AlUla Development Company, where responsibilities include developing and implementing GRC & ESG programs and establishing functions aligned with legal and regulatory standards. Previously, Mohammed held prominent positions including GRC and Board Operations Director at Qiddiya Investment Company, Legal & Corporate Governance Director at the Public Investment Fund and NEOM, and Senior Legal & Corporate Governance Manager at AMAALA and the Red Sea Development Company. Experience encompasses significant roles in leading corporate governance and legal frameworks across multiple high-value projects in Saudi Arabia, advising major corporations on corporate restructuring and compliance. Mohammed holds a Master's degree in International Commercial and Business Law from the University of East Anglia and a Bachelor's degree in Law from King Saud University.
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AlUla Development Company
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AlUla Development Company is a Public Investment Fund (PIF) company that has been established to support the development of AlUla. It will build and operate a world-class portfolio of hospitality, residential, retail and commercial assets in collaboration with the Royal Commission for AlUla (RCU) and the private sector. With a long-term investment strategy aimed at sustainable economic growth, UDC will rejuvenate and preserve one of the world's largest and oldest cultural sites and create opportunities for the local community in AlUla and the people of Saudi Arabia. AlUla Development Company serves as the gateway to opportunity and growth in AlUla, providing a wide range of opportunities for local and international investment across various sectors. It will offer companies with a chance to be part of Saudi Arabia's ongoing transformation in the pursuit of its goals to support the responsible, sustainable development of AlUla. UDC’s real estate footprint will cover a total gross floor area of 7.3 million square meters. The primary focus includes hotels but extends to villas and penthouses, contemporary apartments built in the new low-rise Saudi architectural style, offices, warehouses, secondary infrastructure, retail and more. AlUla Development Company will support the achievement of PIF goals in line with Vision 2030 and unlock the capabilities of new and promising sectors and support the economic diversification in Saudi Arabia.