• Atlantis Jeddah | Will feature a community of luxurious residential units.
• One&Only Jeddah | Will feature rooms, suites, and villas, along with the first exclusive residential community for the brand in the Kingdom.
Riyadh, Saudi Arabia, 13 November 2025:Midad Real Estate Company has announced a landmark joint venture with Jeddah Central Development Company (JCDC), a Public Investment Fund (PIF)-owned company, and Kerzner International, the global hospitality leader behind the iconic Atlantis and One&Only brands. The signing took place at TOURISE Global Summit, in attendance of the Ministry of Tourism, His Excellency Ahmed Al-Khateeb and His Excellency, Mohammad Al Shaibani, Chairman of the Board of Directors, Kerzner International.
The collaboration will introduce the first-ever Atlantis and One&Only destinations in Saudi Arabia, located within the Jeddah Central waterfront master plan on the Red Sea coast.Total project value: SAR 7.6 billion.Strategic Alignment: The venture aligns with Saudi Vision 2030, supporting the Kingdom’s goals for tourism diversification, foreign investment, and job creation.
Transformative Waterfront Development:
As the project’s developer, 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 waterfront district of Jeddah Central 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 venues, luxury retail, and a waterfront entertainment pier.
One&Only in Jeddah will feature guest rooms, suites, villas, and the brand’s first community of Private Homes in Saudi Arabia, complemented by seven specialty dining venues, the Club One Wellness Centre, private beach access, and event spaces for gatherings. Both resorts will showcase contemporary design inspired by Jeddah’s Corniche heritage and integrate sustainable coral-inspired landscaping and low-impact practices that promote environmental preservation and enhance community engagement.
Sustainable and strategic vision
Both developments will integrate sustainability at every stage, incorporating coral-inspired landscaping, efficient building systems, and community-focused programs that preserve local ecosystems and support social well-being.
Eng. Ahmed bin Abdulaziz Al Sulaim, CEO of Jeddah Central Development Company, said:“This partnership reinforces Jeddah Central’s position as a global waterfront destination and reflects the strength of collaboration between Saudi developers and leading international hospitality brands. It supports our mission to deliver sustainable, world-class destinations that enhance 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 ambitious markets. We have consistently delivered exceptional performance and global recognition for destinations, transforming them into world-renowned entertainment and luxury experiences,” says Philippe Zuber, Chief Executive Officer 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’re proud to collaborate in bringing this shared vision to life.”
Strategic significance
• Marks Kerzner International’s debut in Saudi Arabia.
• Reinforces Midad Real Estate’s strategy to expand its luxury real estate and hospitality portfolio
• Elevates Jeddah Central as a destination integrating tourism, culture, entertainment, and urban living.
• Expected to create new jobs and attract global visitors to the Kingdom’s western region.
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About Midad Real Estate Company
Midad Real Estate is a leading Saudi developer specializing in high-value real estate and hospitality ventures that align with Saudi Vision 2030. The company focuses on sustainable design and long-term community value creation across its luxury portfolio
Media Contact:
Ayah Albadri, Account Manager
Burson
About Jeddah Central Development Company
Jeddah Central, developed by Jeddah Central Development Company (a Public Investment Fund (PIF)-owned company), is a mixed-use urban and tourism destination on the Red Sea coast. Covering 5.7 million square meters, the masterplan includes residential, commercial, cultural, sports, and entertainment components, anchored by four major landmarks: an opera house, a stadium, an oceanarium, and an industrial museum. The destination aims to strengthen Jeddah’s position as a vibrant global city and support the objectives of Saudi Vision 2030 by diversifying the economy and enhancing quality of life.
Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, ultra-luxury hotels and residences and innovative entertainment and hospitality experiences. Kerzner’s flagship brand Atlantis includes Atlantis, The Palm and Atlantis, The Royal Resort & Residences, both in Dubai, as well as Atlantis, Sanya in China. Under the One&Only brand, Kerzner manages some of the most top-rated ultra-luxury resorts in the world, located in Greece, Montenegro, Mexico, Mauritius, the Maldives, South Africa, Dubai, Rwanda and the USA. Kerzner’s disruptive hospitality brand, SIRO, was created to meet the needs of modern travellers who prioritise health and wellbeing. SIRO is currently open in Montenegro and Dubai, with new destinations set to launch in Riyadh, Miami, Los Cabos and Tokyo, expanding its global footprint and commitment to wellness-focused hospitality. Rare Finds, a collection of resorts that celebrates the essence of a place and authentic, soulful experiences, launched in February 2023 with the re-opening of Bab Al Shams in Dubai. For more information on our brands, please visit:atlantis.comoneandonlyresorts.comsirohotels.com www.rarefindsresorts.comFor more information on Kerzner International, please visit
www.kerzner.com
Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, announces plans to expand its presence in the Middle East alongside Saudi-based investment firm Midad Real Estate.
Luxury hospitality company Four Seasons Hotels and Resorts announced plans to expand its presence in the Middle East alongside Saudi-based investment firm Midad Real Estate. Together, they will introduce Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build coastal retreat scheduled to open in 2024.
