Saudi Arabia’s future hotel construction pipeline is valued at $42bn, driven by the Red Sea Project, Neom and the Al-Ula project in the Medina region

CASE STUDY: Jeddah Central Project

> Developer: Jeddah Central Development Company

Stage: Design

Estimated value: Phase 1 – $2bn; Phase 2 – $1bn

Jeddah Central is being developed on a 5.7 square-kilometre site and will comprise 17,000 residential units and 2,700 hotel keys, as well as an opera house, a museum, a sports stadium and an oceanarium. 

It will have six districts, named Central, Marina, Beach, Sport Park, Cultural & Creativity and Wellness.

The scheme will be delivered in three phases.

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MEED’s October 2022 special report on Saudi Arabia includes: 

> ECONOMY | Saudi economy soars as globe flounders

> GOVERNMENT | Riyadh looks to renew investor appetite

> BANKING | Saudi lenders eye new growth opportunities

> UPSTREAM | Aramco paces ahead with upstream projects

> DOWNSTREAM | Saudi downstream schemes register progress

> CHEMICALS | Saudi Arabia accelerates chemical projects

> POWER: Saudi Arabia needs to ramp up renewables

> WATER | Riyadh to implement over $30bn of water projects

> CONSTRUCTION | Major projects drive Saudi construction


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