Jeddah Central Project Stadium plans strides

Image: Jeddah Central Development

As part of its strategic plan to create a local attraction and global destination in the heart of Jeddah (Saudi Arabia), the Jeddah Central Development Company (JCDC) (real estate developer in Jeddah), a subsidiary of the Public Investment Fund (PIF), has signed an agreement with the world-renowned firm GMP International Spain GMBH and urban development consultants Khatib and Alami to design the Stadium at the Jeddah Central Project.

‘Zawya’ stated that the design contract has been signed with GMP International, a leading architectural consultancy with over 50 years of experience. GMP has built internationally acclaimed stadiums in South Africa, Russia and Brazil, as well as sports Cities in China and other countries. The engineering work has been assigned to Khatib and Alami, the multidisciplinary urban and regional planning, architectural and engineering consulting company for five decades.

The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of $620 billion. It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia.

The Jeddah Central project will be implemented in a strategic 5.7 million m² waterfront area in Central Jeddah, with a 9.5-km shoreline that will accommodate a world-class marina with local and international yachts and over two kilometers of sandy beaches.

‘Zawya’ further stated that the stadium’s design is unique to Jeddah and is based on international standards that highlight the sports, entertainment and cultural destination. With its open spaces, green parks, world-class pitch, and a dynamic platform that brings together international events, the Stadium will promote a healthier and more active lifestyle in the City’s community. The Stadium is set to be one of four major landmarks of the Jeddah Central Project, the other three being a Museum, an Opera House and an Oceanarium.

Ahmed Al-Sulaim, Chief Executive Officer of the Jeddah Central Development Company, highlighted the importance of this contract to design the Stadium, adding that the move will contribute to achieving one of PIF’s objectives of socioeconomic significance for the sports sector and support Saudi Vision 2030 to build a thriving economy and a vibrant society – “This contract comes as part of our plan to launch a project that helps to enhance the economic position of Jeddah and to provide a world-class sports and entertainment destination for the City’s residents and visitors from around the Kingdom and abroad.”

Paul O’Brien, Chief Development Officer at JCDC, said that the construction of the new landmarks will stimulate the efforts to attract local and global quality investments, which will contribute to the development and operation of the Jeddah Central Project’s unique facilities, paving the way for investors to participate in the creation of new promising economic sectors in an attractive environment in Saudi Arabia.

Saudi Vision 2030 is a strategic framework to reduce Saudi Arabia’s dependence on oil, diversify its economy and develop public service sectors such as health, education, infrastructure, recreation, and tourism.

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