Midad Real Estate and Kerzner bring Atlantis and One&Only to Jeddah Waterfront | News
Midad real estate company has announced a groundbreaking joint venture with Jeddah Central Development Corporation (JCDC), a Public Investment Fund (PIF) company, and Kerzner Internationalthe global hospitality leader behind the iconic brands Atlantis and One&Only. The signing took place on TOURISM Global Summitin the presence of the Ministry of Tourism, His Excellency Ahmed Al-Khateeb and His Excellency Mohammad Al Shaibani, Chairman of the Board of Directors of Kerzner International.
The collaboration introduces the very first Atlantis and One&Only destinations in Saudi Arabialocated in Jeddah Central, a vibrant waterfront destination on the Red Sea coast in the heart of the city.
The company is aligned with the Saudi Vision 2030 and supports the Kingdom’s goals in tourism diversification, foreign investment and job creation.
Transformative development on the water
As developer of the project, Midad Real Estate will oversee the creation of both destinations, designed to position Jeddah Central as a world-class hub for tourism, entertainment and culture.
The Jeddah Central waterfront district will feature two iconic destinations: Atlantis Jeddah and One&Only Jeddah. Atlantis Jeddah will include branded residences, along with the region’s first Aquaventure Waterpark, the Lost Chambers Aquarium, more than 20 signature dining and lounge locations, luxury retail and a waterfront entertainment pier.
One&Only in Jeddah will feature rooms, suites, villas and the brand’s first community of private residences in Saudi Arabia, complemented by seven specialty dining options, the Club One Wellness Centre, private beach access and event spaces for gatherings. Both resorts will showcase modern design inspired by Jeddah’s Corniche heritage, and integrate sustainable, coral-inspired landscaping and low-impact practices that promote environmental conservation and increase community engagement.
Sustainable and strategic vision
Both developments will integrate sustainability into every phase, with coral-inspired landscaping, efficient building systems and community-based programs that preserve local ecosystems and support social well-being.
Scary. Ahmed bin Abdulaziz Al Sulaim, CEO of Jeddah Central Development Companysaid: “This partnership strengthens Jeddah Central’s position as a global waterfront destination and reflects the strength of the partnership between Saudi developers and leading international hospitality brands. It supports our mission to deliver world-class, sustainable destinations that improve quality of life and contribute to Saudi Vision 2030.”
“This collaboration represents a defining moment for Midad Real Estate,” said Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate. “Our partnership with Kerzner International and Jeddah Central Development Company brings together shared values of excellence and innovation. These projects will set new standards for luxury, sustainability and hospitality experiences in Saudi Arabia.”
“Kerzner has a proven track record of unlocking value in aspirational markets. We have consistently delivered exceptional performance and global recognition for destinations, transforming them into world-renowned entertainment and luxury experiences,” says Philippe Zuber, CEO of Kerzner. “The presence of Atlantis and One&Only in Jeddah aligns with our mutual commitment to advancing the kingdom’s tourism landscape. Together with Midad Real Estate Investment and Development, we are proud to work together to bring this shared vision to life.”
Strategic significance
• Marks the debut of Kerzner International in Saudi Arabia.
• Strengthens Midad Real Estate’s strategy to expand its luxury real estate and hospitality portfolio.
• Elevates Jeddah Central into a destination that integrates tourism, culture, entertainment and urban living.
• Expected to create new jobs and attract visitors from around the world to the western region of the Kingdom.
