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JCDC enters deal for exciting project at $20bn Jeddah Central

Article-JCDC enters deal for exciting project at $20bn Jeddah Central

Jeddah corniche view.jpg
The exciting Marina District looks to increase the global attractiveness of Jeddah as a key port city on the Red Sea.

Jeddah Central Development Company (JCDC) of Saudi Arabia has struck a deal with International Hotel Investments of Malta to establish its Corinthia brand of hotels within its beachfront lifestyle project in Jeddah.

According to the agreement, International Hotel Investments will provide consultancy services for the construction and operation of these projects in the Marina district. This project is part of the SR75 billion ($20 billion) Jeddah Central project.


The Marina District will make up part of Jeddah Central's 9.5-kilometer seafront on the Red Sea. This project will have a world-class marina geared for local and international boats, yachts, and superyachts.

The marina will provide an entrance to the city on the Red Sea coast. So the marina will help transform the city into a flourishing residential maritime community. The community will feature a range of recreational amenities, retail stores, restaurants, and cafés.

JCDC is the master developer of the Jeddah Central development and a subsidiary of the Saudi PIF (Public Investment Fund). The company stated that this project is part of its strategic aim to help boost the appeal of Jeddah. This will create a local hospitality attraction and worldwide destination in the heart of the Saudi port city.

Jeddah Central is being built on a 5.7-million-square-meter plot in the Saudi port city. The impressive project offers a spectacular waterfront site with 2.1 kilometres of sandy beaches.

JCDC’s CEO Engineer, Ahmed Al Sulaim conveyed how the company “is pleased with this cooperation with Corinthia. We look forward to working with them and our other partners and customers to develop Jeddah Central to the highest international standards in terms of design, innovation, and environmental sustainability”. So the strategic partnership has promising potential.

The signed MoU provides a framework for Corinthia Hotels and QPM Limited, its sister company. This framework concerns the development and operations within the Marina District Corinthia standards.


The agreement with International Hotel Investments intends to explore collaboration opportunities in developing and operating assets in the Jeddah Marina district. This is according to Al Sulaim, who signed the agreement with Corinthia officials Chairman Alfred Pisani and CEO Simon Naudi, as well as Reuben Xuereb, the Chief Executive of QPM.

Pisani conveyed that “the Corinthia Hotel Group is delighted to be bringing its expertise, brand, and innovation in creating uplifting environments that will sit at the nexus of global experience and local ambition.”

The development will occur across three stages, according to JCDC. The first phase has a completion date of 2027. After this, the project will begin accommodating visitors and residents of Jeddah. The second phase is scheduled for completion by 2030. Then the rest of the project will finish after 2030.


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