Jeddah, the vibrant port city of Saudi Arabia, has embarked on a transformative journey with the announcement of 29 new real estate projects spanning the industrial, residential, and retail sectors. This monumental move not only underscores Saudi Arabia’s commitment to its Vision 2030 goals but also positions Jeddah as a rising global hub for business, culture, and tourism.
These developments aim to revitalize Jeddah’s urban fabric, attract foreign investment, create jobs, and enhance the quality of life for residents and visitors alike. Backed by both public and private sector investments, the projects signal a new era for the city’s real estate and economic landscape.
A New Dawn for Residential Living
At the heart of these initiatives lies a bold ambition to redefine urban residential living in Jeddah. Among the standout projects is the Four Seasons Hotel and Private Residences Jeddah at the Corniche, developed by Midad Real Estate. Designed by the globally renowned architectural firm SOM, the development comprises four interconnected towers with unique suspended bridges—set to achieve a Guinness World Record. Offering 247 luxury hotel rooms, 21 serviced apartments, and 64 exclusive private residences, this development provides stunning views of the Red Sea and world-class amenities including gourmet dining, wellness centers, indoor and outdoor pools, and personalized services by Four Seasons’ dedicated team.
Retail Sector: A Shopper’s Paradise in the Making
Jeddah’s retail scene is poised for a massive upgrade with 1.4 million square meters of new retail space being added as part of its $90 billion project pipeline. These retail developments aim to integrate seamlessly within residential and commercial complexes, offering residents and tourists an unmatched shopping experience that blends luxury brands, entertainment zones, traditional souks, and dining destinations.
This surge in retail infrastructure is designed not only to meet rising consumer demand but also to attract international retailers and tourists, positioning Jeddah as a premier retail and leisure destination in the Middle East. The projects will foster economic diversification, generate employment opportunities, and enhance the city’s status as a tourist magnet.
Industrial Expansion: Driving Economic Growth
A key pillar of Jeddah’s transformation is the growth of its industrial sector, with 52 ready-built factories announced under a strategic partnership between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and Oman’s Osara Corp. Spanning over 45,000 square meters in Jeddah’s Second Industrial City, these factories will serve as catalysts for attracting foreign direct investment, boosting local manufacturing, and aligning with the Kingdom’s target to triple its manufacturing GDP by 2030.
This industrial expansion is critical to achieving Saudi Arabia’s broader economic goals—diversifying revenue streams away from oil and strengthening the Kingdom’s export capacity. The initiative also supports job creation in skilled and semi-skilled sectors, fostering local talent development in manufacturing, logistics, and technology.
Iconic Developments Reshaping the Skyline
Several landmark projects are set to redefine Jeddah’s skyline and urban identity. The Jeddah Central Project, a $20 billion mixed-use development covering 5.7 square kilometers, will introduce 17,000 residential units, 2,700 hotel rooms, an opera house, a coral farm, an oceanarium, and a stadium, creating a vibrant urban district. The project is expected to generate 25,000 jobs and contribute over $12.5 billion to Saudi Arabia’s GDP by 2030.
Another headline-grabbing development is the Jeddah Tower (previously known as Kingdom Tower), set to claim the title of world’s tallest building at over 1,000 meters upon completion. After resuming construction in 2024, the tower symbolizes Saudi Arabia’s ambitions in architecture and innovation, serving as the centerpiece of the Jeddah Economic City project.
Additionally, the Sumou Towers (formerly Lamar Towers), twin skyscrapers rising to 301 and 322 meters respectively, are scheduled for completion by 2025. Featuring luxury residences, office spaces, retail outlets, and wellness centers, these towers promise to deliver a holistic urban living experience for both locals and expatriates.
Preserving Heritage: Revitalizing Al Balad
While Jeddah looks to the future, it is also deeply committed to preserving its cultural legacy. The Al Balad Development Company, supported by the Public Investment Fund (PIF), is leading efforts to transform the historic Al Balad district into a world-class cultural and heritage destination. Restoration of historic houses—including the Jokhdar, Al-Rayyis, and Kedwan Houses—into boutique heritage hotels reflects the city’s mission to balance modernization with heritage preservation, boosting cultural tourism.
Conclusion: Jeddah’s Bold Step into the Future
The unveiling of 29 real estate projects across industrial, residential, and retail sectors marks a pivotal milestone in Jeddah’s evolution. These projects not only reinforce Saudi Arabia’s Vision 2030 blueprint but also lay the groundwork for sustainable urban growth, economic diversification, and global competitiveness.
By combining cutting-edge developments with cultural preservation, Jeddah is poised to become a world-class destination—offering unparalleled opportunities for investors, businesses, residents, and visitors. As construction cranes dominate the skyline, the city’s transformation is well underway, promising an exciting future shaped by ambition, innovation, and heritage.
