Jeddah Central
Jeddah Central (Arabic: وسط جدة) is a planned 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.
| Jeddah Central | |
|---|---|
| وسط جدة | |
| Location | Jeddah, Saudi Arabia |
| Owner | Public Investment Fund |
| Founder | Mohammed bin Salman |
| Key people | Mohammed bin Salman (Chairman) Ahmed Al Khateeb (Vice Chairman) Ahmed Al Sulaim (CEO) |
| Established | 17 December 2021 |
| Budget | $20 billion |
| Website | www |
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.
The project will go through 3 phases, with the first one set to be completed by the end of 2027.
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