PIF - Jeddah Central Project

General Information
Owner Public Investment Fund, Saudi Arabia
Masterplan Project (Parent Profile)
Location Jeddah, Mecca Province, Saudi Arabia
Status --
Sector Construction, Mixed-Use, Mixed-Use
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 0
Net Value $20000m
Award Date October 2022
Completion Date December 2030
Last Updated On January 2022
ProjectId (Old, New) 42563, 223140

The Public Investment Fund (PIF) is planning to revamp Jeddah’s waterfront corniche which would help in creating a unique tourist, residential and commercial destination, for the “Jeddah Central Project”. The project would help create a distinctive and attractive environment to support Jeddah’s ambition of becoming one of the world’s top 100 cities.

The project was previously named "New Jeddah Downtown". It will be developed in three phases.

The waterfront is 9.5 kilometers long. It includes spaces for entertainment, shopping, and commercial activities, which are accessible for both residents and visitors. Overall, the project aims to deliver over 17,000 housing units to accommodate 12,000 new residents spreading across the 5,000,000m2 development site which is under the Ministry of Defense.

The site would be divided into four main sections, including new homes; an opera house, a museum, a sports stadium and an oceanarium.

The US$20,000 million project includes the following:

1. Construction of 17,000 new homes

2. Construction of a museum

3. Construction of an opera house

4. Construction of a sports stadium

5. Construction of an oceanarium

6. Construction of 2,700 hotel rooms

7. Construction of a marina

8. Construction of beach resorts

9. Construction of restaurants

10. Construction of cafes

11. Construction of a promenade

12. Construction of Yacht pier

13. Construction of parking facilities

14. Construction of related facilities

Second Section

12 January 2022

Site clearing works are ongoing on the project.

23 December 2021

The client has unveiled the masterplan for the project and the first phase of the project is expected to be completed by 2027.

06 December 2021

Site clearing works are ongoing on the project.

10 October 2021

Site clearing works are ongoing on the project and Gensler is working as the architect and WSP as PMC.

22 August 2021

The project is still in the design stage.

23 May 2021

The project is still in the design stage.

10 December 2020

The project was in the Design stage as per the last update in July 2020. Since then, neither information has been procured related to its progress, nor obtainable from contact with key stakeholders. We believe the project to still be in Design and have amended the project dates accordingly. We will continue our efforts to obtain information on this project.

22 July 2020

The project is in the initial stage of development.

03 April 2019

PIF is preparing to tender a project management contract on the project. (Source: MEED)

03 July 2018

The overall project is expected to get complete by 2029.

02 April 2018

Initial preparation works are underway, with construction works expected to begin in 2019. The first phase of the project is expected to launch by Q4 2022.