Saudi Downtown and Cenomi Centers Sign Memorandum of Understanding

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February 09, 2026

Saudi Downtown and Cenomi Centers Sign Memorandum of Understanding

Saudi Downtown, a PIF company, has signed a Memorandum of Understanding with Cenomi Centers to explore potential investment and operational opportunities between the two organizations. The MoU was signed during the Public Investment Fund–Private Sector Forum held in Riyadh.

Cenomi Centers is the leading owner, operator and developer of contemporary lifestyle centers in Saudi Arabia. For over two decades, the company has provided customers with a complete range of high-quality lifestyle centers up to international standards, located in the most attractive areas of the country to satisfy all shopping needs and market requirements.

Saudi Downtown develops and builds vibrant urban destinations and mixed‑use centers that deliver sustainable economic and social impact across cities in the Kingdom. The company’s projects are designed to stimulate local economic activity, enhance quality of life, and introduce new choices and opportunities across a variety of sectors, including retail, entertainment, hospitality, tourism, office spaces, residential offerings, and more.

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