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Jeddah Central Development Company information


Jeddah Central Development Company
Native name
شركة وسط جدة للتطوير
Company typePrivate
IndustryUrban development
Real estate development
Founded17 December 2021; 2 years ago (2021-12-17)[1]
FounderMohammed bin Salman
Headquarters
Jeddah
,
Saudi Arabia
Key people
  • Mohammed Bin Salman (Chairman)
  • Ahmed Al Sulaim (CEO)
[2]
OwnerPublic Investment Fund
SubsidiariesJeddah Central
Websitewww.jeddahcentral.com

Jeddah Central Development Company (JCDC; Arabic: شركة وسط جدة للتطوير) is an urban and real estate development company based in Jeddah, Saudi Arabia. The company was founded in December 2021 by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030. JCDC is owned by the Public Investment Fund.[3] The company is responsible for the development of the $20 billion Jeddah Central project.[4]

  1. ^ "Saudi Crown Prince launches SR75bn master plan to develop Jeddah Central". Saudi Gazette. 17 December 2023. Retrieved 16 March 2024.
  2. ^ "Jeddah Central Development Company". jeddahcentral.com. Jeddah Central Development Company. 24 February 2023. Retrieved 16 March 2024.
  3. ^ "Crown Prince launches Jeddah Downtown $20bn master development plan". Arab News. 17 December 2021. Retrieved 16 March 2024.
  4. ^ Denman, Selina (17 December 2021). "Ambitious masterplan for 5.7 million-square-metre Jeddah Central Project unveiled". The National News. Retrieved 16 March 2024.

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