The construction and real estate sectors in Jeddah are entering a period of significant accelerated momentum, driven by major national policy reforms and the resumption of flagship mega-projects.
Jeddah’s real estate market is undergoing profound transformation, driven by strategic shifts, mega-project evolution, and diverse sector opportunities. At JLL’s annual Roundtable, industry leaders discussed the city’s macroeconomic backdrop and key trends shaping its office, residential, retail, and hospitality sectors.
Jeddah Tower is now making a steady rise to reach its designed height of more than 1,000 m, which will make it the world’s tallest tower on its targeted completion in 2028.
Jeddah Central Project, the $20-billion flagship development by the Jeddah Central Development Company (JCDC), last month witnessed the signing of a number of partnerships which will boost the development’s hospitality and leisure offerings.
ROSHN Group, Saudi Arabia’s leading multi-asset developer and a Public Investment Fund (PIF) company, has announced a number of updates on its projects in Jeddah and Makkah, with progress being made across the board for its different community and mixed-use projects in the country’s Western Region.
