Jeddah Central Development Co. inks 4 construction contracts valued at $3.2bn 

The Jeddah Central destination is slated to open its doors to visitors by the end of 2027, welcoming both domestic and international guests. Jeddah Central
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Updated 06 February 2024
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Jeddah Central Development Co. inks 4 construction contracts valued at $3.2bn 

RIYADH: A stadium, an opera house, and an oceanarium are a step closer to being build in Jeddah after four construction contracts valued at SR12 billion ($3.2 billion) were signed.   

The Jeddah Central Development Co., backed by the Public Investment Fund, has agreed to develop three major architectural landmarks alongside the construction of infrastructure for the first phase of the Jeddah Central destination, according to a report by the Saudi Press Agency.  

During a ceremony held on Feb 5., CEO of the Jeddah Central Development Co. Ahmed Al-Saleem announced that the construction of these landmarks and the framework for the initial phase is scheduled to begin immediately.   

The Jeddah Central destination is slated to open its doors to visitors by the end of 2027, welcoming both domestic and international guests.   

This project is designed to be a multifaceted entertainment hub, and will also boast various facilities, including a sandy beach, a pier, a seafront promenade, and a marina.

This development is a significant part of Jeddah’s urban transformation, positioning the city as a leading destination for entertainment and culture in the Kingdom.  

In December 2023, the Saudi Ministry of Culture introduced the Tariq Abdulhakim Center in accordance with the government’s efforts to enhance Jeddah’s societal ecosystem.   

Located in Al-Balad, the historic district of Jeddah acknowledged as a UNESCO World Heritage Site, the center houses a museum celebrating the renowned Saudi composer and musician Tariq Abdulhakim, who passed away in 2012.

Abdulhakim played a pivotal role in the formation of the Kingdom’s musical landscape, including the establishment of the Saudi military band during his tenure as a soldier.   

Moreover, in October 2023, PIF established a new company to develop the historic Jeddah district of Al-Balad into a global tourist destination.  

Al-Balad Development Co. will work to improve the infrastructure of the region, supervise the restoration of historical buildings in the area, and develop service facilities.  

It will also oversee the creation of 9,300 homes and 1,800 hotel units across 2.5 million sq. meters. 


Saudi Absher platform delivers over $5.3bn in annual economic impact 

Updated 18 December 2025
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Saudi Absher platform delivers over $5.3bn in annual economic impact 

RIYADH: The Saudi government’s Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom’s transition from paper-based government procedures to digital services, according to the Ministry of Interior. 

Speaking to Al-Eqtisadiah, Bandar bin Mashari, assistant minister of interior for technology affairs, said the savings reflect broader efficiency gains from digitization. 

This comes as government services previously delivered through manual, paper-driven processes have moved onto a unified digital platform used by millions of citizens and residents. 

“Absher is one of the oldest platforms that has had a direct impact on strengthening the efficiency of spending and in opening new avenues for providing added value services,” said Mashari. 

He said the platform’s economic impact is closely linked to the government’s digital transformation agenda, which aims to reduce operational costs while improving service delivery across public agencies. 

The assistant minister further stated that the economic impact was at SR17 billion and grew to SR20 billion according to the ministry’s latest data. 

He added that Absher has completed a shift in its financial structure, transitioning from direct state capital funding to a sustainable financing model based on self-generated income. 

Mashari also said the Ministry of Interior is moving to expand its digital capabilities beyond service delivery, with a focus on security and financial protection. 

Authorities are working toward building a secure digital ecosystem designed to combat financial fraud and crime, he said, as digital transactions and online government services continue to expand. 

Absher is the flagship digital services platform of Saudi Arabia’s Ministry of Interior and one of the Kingdom’s earliest large-scale e-government initiatives. 

Launched in 2010, the platform provides citizens, residents, visitors, and businesses with access to hundreds of government services through a unified digital portal and mobile application. 

Its services span civil affairs, passports, residency and visa services, as well as traffic and vehicle transactions, and business administration, significantly reducing the need for in-person government visits. 

Absher is widely used across the Kingdom, handling millions of electronic transactions each month and serving as a core pillar of Saudi Arabia’s broader digital transformation and Vision 2030 agenda.