Downtown Jeddah showcases investment opportunities at the Fund Forum 2026
In a strategic move reflecting its commitment to strengthening economic partnerships, Jeddah Central Development Company actively participated in the fourth edition of the Public Investment Fund (PIF) and Private Sector Forum 2026 , hosted by the King Abdulaziz International Conference Center in Riyadh on February 9 and 10. The forum served as a vital platform to explore opportunities for collaboration between PIF and its portfolio companies, on the one hand, and the local and international private sector, on the other.
High-quality investment opportunities in the heart of Jeddah
The participation of “Downtown Jeddah” was distinguished by a prominent presence through a dedicated pavilion and detailed presentations, highlighting the rapid development stages of its mega-project. In a session dedicated to investors, the company’s Chief Financial Officer, Wissam Fasih Al-Din, presented two outstanding investment opportunities located in the project’s central area, reflecting the high appeal of this destination
- First opportunity: Developing a mixed-use project that combines hospitality sectors, luxury residential units, modern retail spaces, and state-of-the-art administrative offices.
- The second opportunity: Creating a residential and commercial project with world-class specifications that meets the aspirations of the modern lifestyle.
Jeddah Downtown Project: Historical Background and Ambitious Vision
Jeddah Central Development Company was established in 2019 as a wholly owned subsidiary of the Public Investment Fund, to spearhead the development of the "Jeddah Central Destination" project. This massive project spans an area of 5.7 million square meters and enjoys a stunning, strategic location overlooking the Red Sea, extending from north of Al Salam Palace to the old desalination plant.
The project is not just a real estate development, but represents a reshaping of the Jeddah waterfront, drawing its identity from the authentic Hijazi heritage while incorporating the latest global sustainability technologies, to be a smart and environmentally friendly destination.
Key features and expected economic impact
The project's master plan includes four key landmarks that will form architectural and cultural icons for the region:
- Opera House: To be a platform for global arts and culture.
- The sports stadium: built to international standards to host major tournaments.
- Oceanariums: To promote ecotourism and education.
- The Industrial Museum: To document the history and development of the region.
In addition to these landmarks, the project offers a sandy beach, a seaside promenade, and a marina for yachts, which enhances the quality of life.
Strategic importance and future of partnerships
The participation of “Downtown Jeddah” in the 2026 Forum underscores the pivotal role of the private sector in achieving the goals of the Kingdom’s Vision 2030. The project is expected to significantly contribute to diversifying national income sources, supporting the tourism and entertainment sectors, and creating thousands of job opportunities for Saudi nationals. The investment models presented by the company promise long-term returns for investors within an integrated urban environment that blends tradition and modernity.
