Tampa Bay Indian Community - tampabayIndian.com
| | | | | | | | | | | |


Saudi launches Jeddah Central Project

Saudi Arabia,Politics

Author : Indo Asian News Service

International, Politics, National, Saudi Arabia Read Latest News and Articles

Share With Your Friends

Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Riyadh, Dec 18 (IANS) Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has launched a development plan of the Jeddah Central Project with a total investment of $20 billion.

The project will be developed on 5.7 million square meters of land overlooking the Red Sea, Xinhua news agency reported.

The Jeddah Central Project is expected to achieve an estimated added value of 47 billion riyals for the kingdom's economy by 2030.

It will include four landmarks, which are opera house, museum, sports stadium and oceanarium, and contribute to opening the way for the local private sector to participate in the development.

In addition, the city will benefit from the building and development of modern residential areas, encompassing 17,000 residential units and diversified hotel projects that offer more than 2,700 hotel rooms.

The project will feature world-class marina and beach resorts, as well as restaurants and cafes, and diverse shopping options.



Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.

Latest News

View More News

More News Articles

'First and last warning': Bishnoi gang claims responsibility for firing at Salman Khan's home

IPL 2024: Nicholas Pooran's late burst guides LSG to respectable 161/7 against KKR

'First and last warning': Bishnoi gang claims responsibility for firing at Salman Khan's home

'Bade Miyan Chote Miyan' makers roll out buy one, get one ticket deal

Rupali Ganguly joins 'Gulabi Sadi' bandwagon, grooves to its music, points to the 'Marathi in me'