Expanding opportunities for knowledge exchange, innovation and national capability development
Saudia Real Estate, a subsidiary of Saudia Group, has signed a memorandum of understanding (MoU) with Jasara Program Management Company during the Global Project Management Forum 2026 in Riyadh. The MoU aims to establish a framework for collaboration in project development and delivery, supporting national development priorities and contributing to the objectives of Saudi Vision 2030. The agreement was signed by Dr. Ibraheem Sheerah, Chief Executive Officer of Saudia Real Estate, and Eng. Mohammed Al-Mana, Chief Executive Officer of Jasara Program Management Company.
Under the agreement, Saudia Real Estate and Jasara will cooperate across several areas, including strengthening program and project management capabilities, enhancing delivery efficiency, and exchanging knowledge and best practices in governance and project management. The two companies will also assess opportunities to support the delivery of development initiatives and projects.
Innovation and digital transformation are also key areas of cooperation, with a focus on technologies and digital solutions that can strengthen project delivery, enhance operational performance and maximize asset value. The MoU also includes the exchange of expertise through workshops, forums, conferences and specialist discussions.
Developing national capabilities is another area of focus, including training, professional mentoring, graduate development programs and other capacity-building initiatives. This extends to strengthening local content and supply chains, while creating greater opportunities for Saudi talent and businesses to participate in future initiatives.
Dr. Ibraheem Sheerah, Chief Executive Officer of Saudia Real Estate, said: “The MoU with Jasara brings together our combined expertise in real estate development and project management. By exchanging knowledge and applying advanced practices and innovative solutions, we aim to strengthen how projects are planned and delivered. Developing Saudi capabilities and expanding local content will also remain an important part of this collaboration.”
For his part, and CEO & President Eng. Mohammed Al-Mane said: “This memorandum embodies our commitment to supporting the Kingdom’s real estate development journey, through the exchange of knowledge and expertise with Saudi Real Estate in the fields of project management, governance, and innovation. We count on this cooperation to achieve added value that serves national development goals and contributes to building distinguished local capabilities in this vital sector.”
Looking ahead, the MoU provides a foundation for Saudia Real Estate and Jasara to develop future areas of cooperation across project delivery, real estate development, innovation and capability building.
About Saudia:
Saudia (Saudia Airlines) is the national flag carrier of the Kingdom of Saudi Arabia. Established in 1945, the company has grown to become one of the Middle East’s largest airlines. Saudia has invested significantly in upgrading its aircraft and currently operates one of the youngest fleet with 153 aircraft. The airline serves an extensive global route network covering around 100 destinations across four continents, including all 26 domestic airports in Saudi Arabia. A member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO), Saudia has also been a member airline in SkyTeam, the second largest alliance, since 2012. Saudia was recently named “Best Airline Staff Service” for 2025 by Skytrax and ranked 17th in the global airline rankings. In addition, Saudia ranked second globally for on-time performance (OTP) in 2025, according to Cirium. Saudia was also recognized at the APEX World Class 2026 Awards, receiving the “World Class Airline” title for the fifth consecutive year and the “Best in Class: Service–Guest Experience” award for the second consecutive year.
About Jasara:
Jasara PMC is a Saudi-based company established as a joint venture between the Public Investment Fund (PIF), Saudi Aramco, and Jacobs. It provides professional programs and construction management services for social infrastructure projects throughout Saudi Arabia. Jasara’s vision is to localize the project management industry and harness the potential of local talents to support the realization of Vision 2030. Jasara offers a broad spectrum of services, including Program Management, Project Management, and Construction Management.
