Jeddah_Central
Jeddah Central
Project to develop central Jeddah
Jeddah Central (Arabic: وسط جدة) is a planned urban development project in Jeddah, Saudi Arabia. Jeddah Central project is developed by Jeddah Central Development Company (JCDC), one of companies founded by the Saudi Public Investment Fund. The $20 billion project was officially announced by Crown Prince Mohammed bin Salman in December 2021. It will cover a total area of 5.7 km2.[1]
As part of Saudi Arabia's Vision 2030 to diversify the Saudi economy away from oil, JCDC says that the project will create 25,000 jobs and contribute more than $12.5 billion to Saudi Arabia's national GDP by the year 2030.[2][3]
The project will go through 3 phases, with the first one set to be completed by the end of 2027. Upon completion, the project will include 2,700 hotel rooms and 17,000 residential units.[4]