Saudi Crown Prince Launches Master Plan and Main Features of the Jeddah Central Project

Saudi Crown Prince Launches Master Plan and Main Features of the Jeddah Central Project

The Jeddah Central Project is expected to achieve an estimated added value of 47 billion riyals for the Kingdom's economy by 2030 - SPA

Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister, Chairman of the Board of Directors of the Public Investment Fund and Chairman of the Board of Directors of Jeddah Central Development Company, has launched the master plan and main features of the Jeddah Central Project (previously known as New Jeddah Downtown).

The ambitious 75 billion Saudi Riyals project will develop 5.7 million square meters of land overlooking the Red Sea to be financed by the Public Investment Fund and from local and international investors.

The launch of the master plan and main features comes as part of the Crown Prince’s efforts to develop all regions and cities of the Kingdom. The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah and will further strengthen the city’s economy.

The Jeddah Central Project is expected to achieve an estimated added value of 47 billion riyals for the Kingdom's economy by 2030. It will include four notable landmarks (Opera House - Museum - Sports Stadium - Oceanarium) and contribute