PIF's JCDC signs SAR 12B contracts for three major architectural landmarks

Logo of Jeddah Central Development Co. (JCDC)

Jeddah Central Development Co. (JCDC), a wholly owned subsidiary of the Public Investment Fund (PIF), signed four contracts worth SAR 12 billion for three major architectural landmarks.

The projects include the sports stadium, opera house, oceanic basins, in addition to the infrastructure construction work for the first phase of the destination.

Ahmed Al Sulaim, CEO of JCDC, said the construction of the main architectural landmarks and infrastructure for the first phase will begin according to the time schedule, as the awarding of construction contracts came in accordance with procedures, standards, governance, and high transparency.  

Established in 2019, JCDC is the master developer of the Jeddah Central destination that spans 5.7 million square meters.

The destination will start receiving guests by the end of 2027 from inside and outside the Kingdom.