PIF starts work on establishing a global destination in Jeddah Center
Central Jeddah Development Company, wholly owned by the Public Investment Fund (PIF), has begun construction work to create a global destination in the vibrant “Heart of Jeddah”.
The company used sustainable natural ingredients and plans based on renewable energy, depending on innovative systems and technologies.
Central Jeddah Development also signed a contract to start construction work for the project, which occupies a strategic location in the heart of Jeddah, between Al Salam Palace and the brine desalination plant.
The contract includes the implementation of infrastructure and marine works in it, and the removal of the existing buildings and infrastructure, numbering about 400, in the first phase.
The contract also provides for the rerouting of the infrastructure services, which include electrical ground installations, sewage pipes, and water supply, with a total length of 6.5 km.
The Central Jeddah Development Company stated that there will be reclamation and offshore drilling, then backfilling with the drilling output, whose quantities are estimated at 4 million cubic meters.
The company will also construct sea berths, berths for yachts with a length of 2.5 km, and floating berths within the marina.
The company will carry out the construction of waterfront berths with a length of 1.5 km, and the rehabilitation of public and private sandy beaches.
