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Jeddah Central (Arabic: وسط جدة) is an urban development project under construction 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 .
In September 2023, Jeddah Central Development Company launched Jeddah Central, a $20 billion project to develop central Jeddah. The project spans over an area of 5.7 km 2 and includes 4 main landmarks, which are: a stadium, museum, oceanarium and opera house. [6] The stadium is expected to host both 2027 AFC Asian Cup and 2034 FIFA World Cup. [7]
Jeddah Economic City, previously known as Kingdom City, is a 5,202,570 m 2 (56,000,000 sq ft) project approved for construction in Jeddah, Saudi Arabia. [1] The project is designed by the Kingdom Holding Company, a firm owned by Prince Al-Waleed bin Talal. [1] Jeddah Economic City will host both commercial and residential development including ...
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His family’s firm, which also owns a stake in the Jeddah Tower project, has been rehired to complete the construction work. According to an announcement published via the Saudi stock exchange ...
The proposal for the project was submitted by Cayan in 2008 and was approved in the same year. [citation needed] Construction began in 2008 and, when completed in 2024, Tower 1 will be the tallest building in Jeddah, till date, surpassing the recently completed National Commercial Bank. The development is expected to cost about $600 million.
Jeddah Tower's 50-hectare (120-acre) plot, along with surrounding buildings, will be the first of a three-phase Jeddah Economic City development. The three-phase project was proposed for a large area of undeveloped waterfront land with an area of 5.2 km 2 (2.0 sq mi). [20] The area is located roughly 20 km (12 mi) north of the port city of Jeddah.
Highway 40 (Arabic: الطريق السريع ٤٠) is a major east–west six-lane controlled-access highway in Saudi Arabia, spanning 1,395 km (867 mi).The highway connects Jeddah, the second-largest city in the kingdom, on the western coast of Saudi Arabia to Dammam, the sixth-largest city on the eastern coast and the largest in the Eastern Province.