Saudi Arabia will see new Atlantis and One&Only hotels open in Jeddah Central Destination after PIF and Kerzner deal.
Jeddah Central is set to welcome two of the world’s most recognisable luxury hospitality brands after Jeddah Central Development Company signed an investment partnership with Midad Real Estate Company to develop the Atlantis and One&Only hotels within the Jeddah Central Destination. The projects mark the first entry of both brands into the Kingdom.
Jeddah Central Development Company, a subsidiary of the Public Investment Fund (PIF), confirmed that the investment value exceeds SR7bn, underscoring the scale and quality of investments being drawn to the Jeddah Central Destination.
Under the partnership agreement, Midad Real Estate signed with Kerzner International, owner of the Atlantis and One&Only brands, to develop and operate the two luxury projects. The Atlantis Jeddah project will include branded hotel rooms, luxury residences, a water park and integrated entertainment facilities. The One&Only Jeddah resort will feature hotel suites and luxury residences designed to offer an exceptional beachfront experience on the Red Sea.
Together, the developments are expected to elevate Jeddah’s positioning as a global tourism and lifestyle destination, strengthening the Kingdom’s broader ambitions for world-class hospitality growth.
