Backed by the Public Investment Fund (PIF), Jeddah Central is one of the biggest leisure and tourism developments in the region, presenting an open canvas for investment in the historic city. Ahmed A. Al-Sulaim, CEO of Jeddah Central Development Company, shares his vision of the incredible development.
With phase one set for completion by 2027, what progress has been made in achieving the main goals of the exciting development?
Jeddah Central Development is a contemporary interpretation inspired directly from the layout and design principles of Jeddah's UNESCO heritage old town, AlBalad. A simple and powerful premise of learning from the past appreciating the present and inspiring the future. Jeddah Central stretches along 9.5 kilometers of waterfront in the center of the city, enjoying over 2.1 kilometers of public sandy beaches. It will be home to 17,000 new residential units, 2,700 hotel rooms, innovative office and retail space and a thriving cultural metropolis with an opera house, industrial museum, a FIFA-compliant football stadium and an oceanarium revealing the secrets of the Red Sea. Strong progress has been made with site preparation at its peak and the largest haul of construction contracts Jeddah has seen, to be awarded soon.
What are some of the main targets the development aims to achieve in terms of its scale, size and impact on the local economy?
Denne historien er fra October 13, 2023-utgaven av Newsweek US.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 13, 2023-utgaven av Newsweek US.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Terry Crews
FOR TERRY CREWS, THERE ARE NO RULES.
Carrie Coon
CARRIE COON IS HAVING A MOMENT, EVEN THOUGH YOU MAY NOT RECognize her.
Still Doin' It Well
Ahead of the release of his new album, The FORCE, LL Cool J told Newsweek of his strong desire to keep contributing to the hip-hop culture he helped create
WORLD'S MOST TRUSTWORTHY COMPANIES 2024
TRUST IS AN ESSENTIAL PART OF ANY RELATIONSHIP-FROM PERsonal relationships to ties between businesses and consumers.
HOPE and HEALING on HORSEBACK
IT'S BEEN A DECADE SINCE ISIS COMMITTED GENOCIDE AGAINST IRAQ'S YAZIDI POPULATION. MORE THAN 100,000 YAZIDIS REMAIN DISPLACED BUT WORKERS AND ANIMALS AT AN EQUINE THERAPY CENTER ARE PROVIDING RELIEF
Is College Worth It?
AMERICANS are LOSING FAITH in HIGHER EDUCATION amid RISING TUITION FEES, UNCERTAIN PAYOFF and CULTURE WARS on CAMPUS
An integrated model for water management
Alkhorayef Water and Power Technologies has deep expertise and synergistic capabilities across the full water and wastewater value chain
Investments that are transforming life in Saudi Arabia
Abdullah Al Othaim Investment Company is creating distinctive destinations and experiences that encompass multiple sectors
A Kinder and Gentler Nick Cave
After a period of personal upheaval, the famed Bad Seeds singer returns with the vibrant and optimistic 'Wild God'
Fleeing War and Scams
Newsweek spoke to three Ukrainians who have been targeted by \"sponsors\" trying to profit from applicants seeking refuge in the U.S. via a humanitarian scheme