Jehad Alkadi stands as a prominent figure in Saudi Arabia’s business arena, leading Riyadh Development Company (ARDCO) as its chief executive officer since December 2021. With over 20 years of experience in the financial and investment sectors, Alkadi has held pivotal roles at institutions such as the Public Investment Fund (PIF), SEDCO Capital, Jadwa Investment, and the Saudi National Bank. His strategic vision and leadership have propelled ARDCO to new heights, focusing on innovative real estate development and sustainable growth that aligns with Saudi Vision 2030.
Jehad Alkadi built a strong academic foundation that underpins his successful career. He earned a bachelor’s degree in Economics from King Saud University in Riyadh, gaining insights into economic principles and financial systems. To further his expertise, he pursued a master’s degree in business management from Hult International Business School. Alkadi also completed executive programs at prestigious institutions, including Harvard Business School, London Business School, IMD Business School, and IE University in Madrid. This diverse education has equipped him with advanced leadership and strategic management skills.
Career Journey
Jehad Alkadi’s professional journey is marked by significant contributions to Saudi Arabia’s financial sector. Before joining ARDCO, he held leadership positions at the Public Investment Fund (PIF), where he supported strategic investments driving economic diversification. His roles at SEDCO Capital and Jadwa Investment sharpened his skills in managing investments for institutional and high-net-worth clients. At the Saudi National Bank, he demonstrated operational excellence. These experiences have shaped Alkadi into a leader adept at navigating complex financial landscapes and fostering growth.
Leadership at Riyadh Development Company
Since becoming CEO in December 2021, Jehad Alkadi has transformed ARDCO into a leader in real estate development and management. His tenure has seen the launch of ambitious projects that enhance Riyadh’s infrastructure and support national goals. A key initiative is the partnership with Agility Logistics Parks to develop a SAR 227 million logistics facility in Riyadh’s Rimal district. Set to begin construction in 2025 and open in 2026, this project marks ARDCO’s entry into the logistics sector, reinforcing Riyadh’s role as a regional hub.
Another milestone is the 25-year framework agreement with the Mohammed bin Salman Foundation (Misk) to develop educational facilities. The first project, a SAR 275 million educational facility on 22,000 sqm in Tilal AlRiyadh, supports Saudi Vision 2030’s Human Capabilities Development Program. This partnership highlights ARDCO’s commitment to fostering a knowledge-based economy.
Vision and Strategic Initiatives
Alkadi’s leadership is guided by ARDCO’s “Invest to Grow” strategy, which prioritizes investments in high-growth sectors to ensure sustainable income and shareholder value. He has stated, “This partnership is part of our commitment to the ‘Invest to Grow’ strategy, which aims to invest in promising growth sectors, providing a sustainable source of income for the company while creating added value in priority sectors”. His focus on long-term partnerships and impactful projects reflects a commitment to both economic and social development.
By expanding into logistics and education, Alkadi is diversifying ARDCO’s portfolio. He aims to capitalize on Riyadh’s economic growth, noting, “We look forward to capitalizing on the opportunities resulting from the growth we see in Riyadh and its accelerating economy”. His initiatives enhance quality of life and support national priorities.
Board Memberships and Affiliations
Beyond ARDCO, Alkadi holds influential roles in various organizations. He serves as chairman of the board for JLL Saudi Arabia, guiding its strategic direction in the Saudi real estate market. He is also a board member for Dur Hospitality and the Saudi Economic Association, reflecting his broad impact across sectors. These positions underscore his dedication to fostering economic growth and innovation.
Personal Insights and Quotes
Colleagues praise Alkadi as a visionary and collaborative leader. A former colleague described him as “a broad-minded thinker and a very resourceful group player,” highlighting his ability to drive results through teamwork. Alkadi’s enthusiasm for Riyadh’s potential is evident in his words: “We are working to utilize this momentum and the city’s ambition to attract business, stimulate population growth, and improve quality of life by providing a highly distinguished educational and family environment”. His interpersonal skills and innovative approach have earned him respect across the industry.
Jehad Alkadi’s leadership at Riyadh Development Company exemplifies excellence, innovation, and a commitment to sustainable growth. His extensive experience, strategic vision, and ability to forge impactful partnerships have positioned ARDCO as a key player in Saudi Arabia’s development. As he continues to lead ARDCO into new sectors, Alkadi’s contributions to the Kingdom’s economic and social landscape are poised to leave a lasting legacy.
