Jeddah Central Development Company

Country: Saudi Arabia

Website: https://www.jeddahcentral.com/

Jeddah Central Development Company (JCDC) is the master developer of the Jeddah Central Project. The company is wholly owned by the Public Investment Fund (PIF) and was established in 2019 to oversee the development and operations of the project. The project aims to contribute towards PIF’s objectives to diversify the national economy, create more jobs for Saudis, and develop crucial business sectors including real estate, hospitality, services, and retail, among many others, in line with the objectives of Vision 2030. The Jeddah Central Project aims to build an international destination in the heart of Jeddah and create quality projects in vital sectors such as tourism, sports, culture, and entertainment. The project will feature four exceptional landmarks – Opera House, Museum, Stadium, and Oceanarium – modern residential areas encompassing 17,000 residential units and diversified hotel projects that offer more than 2,700 hotel rooms, and world-class solutions for business sectors. Each element of the project is designed to illustrate the distinctive character of the city through the expression of its cultural traditions and authentic architecture in a contemporary way, while making use of the latest technologies to meet the highest environmental and sustainability standards.  Valued at up to SAR 75 billion for the development of all phases, the 5.7-million-square-meter project features a prime location with a 9.5-kilometer shoreline, including 2.1 kilometers of sandy beaches and a world-class marina to accommodate local and international yachts. The project will be implemented in three phases, the first one will be completed by the end of 2027 and will then start receiving Jeddah residents and visitors. The 2nd phase is to be completed by 2030 and the rest of the development will take place after 2030. The company is currently working with the relevant authorities to ensure the implementation of all stages according to the approved time plan.