Saudi PIF Leads Massive Jeddah Waterfront Redevelopment Project

A general view shows al-Tawhid square on the corniche in the Red Sea port city of Jeddah on November 29, 2008. AFP PHOTO/KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP/Getty Images)
A general view shows al-Tawhid square on the corniche in the Red Sea port city of Jeddah on November 29, 2008. AFP PHOTO/KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP/Getty Images)
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Saudi PIF Leads Massive Jeddah Waterfront Redevelopment Project

A general view shows al-Tawhid square on the corniche in the Red Sea port city of Jeddah on November 29, 2008. AFP PHOTO/KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP/Getty Images)
A general view shows al-Tawhid square on the corniche in the Red Sea port city of Jeddah on November 29, 2008. AFP PHOTO/KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP/Getty Images)

Saudi Arabia’s Public Investment Fund (PIF) has announced it will lead the redevelopment of Jeddah’s waterfront corniche, creating a unique tourist, residential and commercial destination, to become the “New Jeddah Downtown.”

The project, which will contribute SAR 18 billion of investment over 10 years as well as 36,000 new jobs, aims to create a distinctive and attractive environment to support Jeddah’s ambition of becoming one of the world’s top 100 cities. The project will include spaces for entertainment, shopping, and commercial activities, which are accessible for both residents and visitors.

The project aims to turn the waterfront area into a thriving downtown that will serve as a tourist destination and a residential and commercial hub with 12,000 housing units as well as shops and attractions, according to Saudi Press Agency.

The project will take place across a 5 million square meter development and will be divided into six main sections, including new houses, museums, and cultural and social centers, areas for business and innovation, gardens, amusement parks and sports facilities, hotels and hospitality facilities, retail spaces, as well as coastal areas for seaside activities and walking routes along the private boat and yacht pier.

The overall project is divided into several areas with 42 percent of the space residential, 35 percent retail and entertainment and 12 percent office. When completed it will cover 5 million square meters and be able to accommodate 58,000 people.

Construction is scheduled to begin in the first quarter of 2019 with the first phase expected to be completed in the fourth quarter of 2022.

SPA said the Jeddah corniche was in line with the kingdom’s Vision 2030 plan to develop tourism sites and part of an aim to make the city among the top 100 globally.



MWL Condemns Knesset’s Motion to Impose Sovereignty' over West Bank

The Muslim World League (MWL) logo
The Muslim World League (MWL) logo
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MWL Condemns Knesset’s Motion to Impose Sovereignty' over West Bank

The Muslim World League (MWL) logo
The Muslim World League (MWL) logo

The Muslim World League (MWL) has strongly condemned the Israeli Knesset's approval of a declaration calling for the imposition of "Israeli sovereignty" over the West Bank, the Saudi Press Agency said on Thursday.

MWL said the move reflects Israel's continued provocations against the Arab and Islamic nations and all peace-and justice-loving peoples around the world. The MWL denounced Israel's ongoing disregard for international laws and norms, and its deliberate undermining of all efforts aimed at stopping war and achieving peace.

In a statement issued by the MWL General Secretariat, MWL Secretary-General and Organization of Muslim Scholars Chairman Sheikh Dr. Mohammed Al-Issa denounced the Israeli government's persistent policy of undermining the lives, dignity, and legitimate rights of the Palestinian people. He stressed that Israel continues to violate all international and humanitarian laws and values in the Palestinian territories, describing the extremist government's criminal behavior as a major obstacle to a just and comprehensive peace and the stability sought by all in the region.

Al-Issa reiterated the justice and centrality of the Palestinian cause in the Arab and Islamic consciousness, as well as in the conscience of every fair-minded person. He stressed the historical and legal rights of the Palestinian people that no de facto situation can strip away.

He also called on the international community to take a sincere and serious stand and to fulfill its legal and moral responsibilities to end the ongoing humanitarian tragedy facing the Palestinian people. The secretary-general urged support for the Palestinians' legitimate right to self-determination and the establishment of an independent Palestinian state along the pre-1967 borders with East Jerusalem as its capital, in accordance with relevant international legitimacy resolutions.