Mohammed bin Salman (Chairman) Ahmed Al Khateeb (Vice Chairman) Ahmed Al Sulaim (CEO)
Established
17 December 2021; 2 years ago (2021-12-17)[1]
Budget
$20 billion
Website
www.jeddahcentral.com/en/
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.[2]
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.[3][4]
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.[5]
^"Saudi crown prince launches Jeddah Central Project -state news agency". Reuters. 2021-12-17. Retrieved 2024-02-12.
^Denman, Selina (2021-12-17). "Ambitious masterplan for 5.7 million-square-metre Jeddah Central Project unveiled". The National News. Retrieved 2024-02-12.
^Abujadayel, Fahad; Abdelaziz, Dana (2022-09-06). "Jeddah Central project to lead to 25,000 jobs, says company". Arab News. Retrieved 2024-02-12.
^"HRH Crown Prince Launches the Master Plan and Main Features of the Jeddah Central Project". Saudi Press Agency. 2021-12-17. Retrieved 2024-02-12.
^Radwan, Rawan (2022-02-24). "A $20bn Saudi project will transform Jeddah, with history, heritage and culture at its core". Arab News. Retrieved 2024-02-12.
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