Saudi: Jeddah Signs $3.2 Billion Landmark Construction Deals, Including Opera House and Stadium

Saudi: Jeddah Signs $3.2 Billion Landmark Construction Deals, Including Opera House and Stadium

Major redevelopment in Jeddah continues after a PIF-backed firm signed SR12bn ($3.2bn) of construction deals to build major landmarks in the city.

The Jeddah Central Development Company signed four construction contracts worth SR12bn ($3.2bn) for three major architectural landmarks, including the Stadium, the Opera House and the Oceanarium.

The Public Investment Fund (PIF)-backed firm will also fund infrastructure construction work for the first phase of the Jeddah Central destination location.

Major Jeddah development

The CEO of the Jeddah Central Development Company, Eng. Ahmed bin Abdulaziz Al-Saleem, said that the construction work for the main architectural landmarks and infrastructure for the first phase will begin according to a timeline to accomplish the projects in accordance with the best international practices.

The Jeddah Central Development Company will open the Jeddah Central destination to receive visitors at the end of 2027 from inside and outside the Kingdom.

The destination will include several diverse architectural landmarks, the Stadium, the Opera House and the Oceanarium, in addition to a number of facilities, including a sandy beach, a pier, a seafront promenade, and a marina.