Jeddah Development and Urban Development Company has announced the launch of two strategic investment opportunities for the establishment and operation of two automotive and construction cities within the South Municipality, as part of its efforts to promote economic development and create quality investment opportunities to organize and develop integrated environments that support the automotive and construction sectors.
The opportunities aim to provide an organized and sustainable environment that raises the efficiency of the automotive sector, and provide advanced infrastructure in line with the latest operational models. The opportunities aim to provide an organized and sustainable environment that increases the efficiency of the automotive sector, provide advanced infrastructure in line with the latest operational models, in addition to strengthening Jeddah's position as a regional center for the automotive industry and services, and making it a leading regional destination for these vital sectors.
The Automotive City spans a total area of 5 million square meters and includes an integrated system of services including car showrooms, maintenance and repair centers, inspection and spare parts services, wholesale and retail centers, auctions, as well as supporting activities for the sector. The Construction City on an area of 8.19 million square meters is an integrated destination for the construction sector, including the sale of construction materials and equipment, workshops and factories, supporting services, and accompanying commercial activities.
The company invited investors to participate in the project.
<The company invited qualified investors to participate in these investment opportunities, with operating contracts of up to 50 years, and required applicants to provide previous experience, financial statements for the last three years, along with the required financial and technical studies and preliminary guarantees.
The company has set March 13, 2025 as the deadline for receiving investor inquiries, while the deadline for receiving offers will be on April 13, 2025.
