June 7, 2023

Dubai Week

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The Saudi prince has launched the "Central Jetta" project with an investment of 75 billion riyals

The Saudi prince has launched the “Central Jetta” project with an investment of 75 billion riyals

Today, Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince of Saudi Arabia, allocated 5.7 million square meters to build the main project and key elements of the “Central Jeddah” project at an investment of 75 billion riyals. Public Investment Fund and investors from inside and outside Saudi Arabia.

The launch of the General Plan of the Downtown Jetta Project falls within the framework of the Crown Prince’s interest in developing all parts and cities of the Kingdom, and in line with the objectives of the Kingdom’s Vision 2030, the project aims for global development. The destination in the center of Jeddah with live views of the Red Sea, which helps to improve the economic status of the city of Jeddah.

The “Central Jetta” project aims to add an additional 47 billion riyals to the nation’s economy by 2030, as it includes four major international landmarks: the “Opera House, a museum, a stadium, sea basins and coral reefs”, 10 In addition to entertainment and tourism programs. The operational work of the project will pave the way for local private sector participation in the development and implementation of promising economic sectors such as “tourism, sports, culture and entertainment” with international standards. , Which offers 2,700 rooms in addition to other sectors, including the construction and development of modern residential areas, including 17,000 housing units with various hotel projects.

The project also aims to provide integrated solutions to the business sector with world-class marina and stunning beach resorts, a wide range of local and international hotels, restaurants and cafes and a variety of shopping options.

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Modern designs with international standards have been adopted for the project, taking into account the use of urban fabric elements and elements inspired by the original Hijazi architecture and taking into account the use of the latest global technologies that make it a “smart target.” It relies on innovative technologies and uses the best sustainable technologies, including renewable energy. This will help support the sustainability of the environment in line with the objectives of the Green Saudi initiative, which was attended by more than 500 engineers and consultants. Master plan design for the five best houses in the world.

The project aims to achieve the goals of Vision 2030, which aims to build a prosperous economy and vibrant society, while at the same time providing a better lifestyle for residents and visitors. The “Jetta Downtown” project has many natural elements, including a waterfront with a waterfront. 9.5 km long, and has a Marina with international specifications ready to receive boats from inside and outside the kingdom and a 2.1 km long sandy beach. Green spaces, open spaces and public services make up 40% of the project area.

The scheme is one of the quality local investments of the Public Investment Fund which contributes to diversify the sources of income, improve the national economy and create more employment opportunities for the sons and daughters of the country.

It is noteworthy that the company that developed the project, the “Central Jetta Development Company” was founded in 2019 by the Public Investment Fund and approved the formation of its Board of Directors, headed by the Crown Prince, to implement the project in three phases. , The first of which will be completed by the end of 2027. The company is currently ensuring implementation with all concerned authorities. At all levels according to the approved timetable.

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