Downtown Jeddah
| Downtown Jeddah | |
|---|---|
| Location | Jeddah, Saudi Arabia |
| Owner | Public Investment Fund |
| Country | Lua error in Module:Wikidata at line 446: attempt to index field 'wikibase' (a nil value). |
| Established | 1 October 2019 |
| Website | Lua error in Module:Wikidata at line 446: attempt to index field 'wikibase' (a nil value). |
Downtown Jeddah is a project announced by the Public Investment Fund of Saudi Arabia in September 2019 to redevelop the existing waterfront as part of the Saudi Vision 2030 to support Jeddah’s ambition of becoming one of the world’s top 100 cities.[1] Upon its completion, it will serve as a tourist attraction and residential and business hub.[2] The project will contribute $5 billion of investment over 10 years and guarantee 36,000 new jobs.[1]
Project Specification
The project aims to turn the current waterfront into a vibrant downtown with a total area of 5 million square meters. The project consists of the following:[3]
- new 12,000 residential units
- new museums
- cultural and social centers
- business and innovation centers
- gardens and amusement parks
- sports facilities
- hotels and hospitality facilities
- retail spaces
- areas for seaside activities and walking paths
See also
Saudi Vision 2030
Public Investment Fund of Saudi Arabia
References
- ↑ 1.0 1.1 "New Jeddah Downtown to generate SR18b investment". Saudigazette. 2017-09-28. Retrieved 2019-08-08.
- ↑ "Saudi PIF Leads Massive Jeddah Waterfront Redevelopment Project". Asharq AL-awsat. Retrieved 2019-08-08.
- ↑ "$5bn 'Jeddah Downtown' project at heart of Red Sea regeneration". Arab News. 2017-09-27. Retrieved 2019-08-08.
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