As part of its efforts to implement projects in historic Jeddah and transform it into a thriving economic system that combines the preservation and monetization of urban and cultural identity, Al Balad Development Company, a subsidiary of the Public Investment Fund, has launched a new investment portfolio worth $3.6 billion, which targets the development of hospitality and hotel projects in Jeddah's historic district, including the construction and development of more than 3,300 hotel units from medium to luxury, in phases until 2038, according to the company's CEO, Jamil Hassan Ghaznavi, as confirmed by the company's CEO, Jamil Hassan Ghaznavi.<\/p>\n
The move is one of the largest hospitality development programs in the Kingdom and reflects the company's commitment to strengthening tourism infrastructure and supporting the growth of the national economy, in line with the goals of Saudi Vision 2030. The project is a strategic investment that will reshape the tourism and hospitality landscape in Historic Jeddah, one of the most prominent heritage sites in Saudi Arabia, by revitalizing the area and transforming it into a global tourism and cultural destination that combines authenticity, heritage, and sustainable development.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>\u0641\u064a \u0625\u0637\u0627\u0631 \u0633\u0639\u064a\u0647\u0627 \u062a\u0646\u0641\u064a\u0630 \u0645\u0634\u0627\u0631\u064a\u0639 \u0641\u064a \u062c\u062f\u0629 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629\u060c \u0648\u062a\u062d\u0648\u064a\u0644\u0647\u0627 \u0625\u0644\u0649 \u0645\u0646\u0638\u0648\u0645\u0629 \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0645\u0632\u062f\u0647\u0631\u0629\u060c \u062a\u062c\u0645\u0639 \u0628\u064a\u0646 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0647\u0648\u064a\u0629 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\u0648\u0627\u0644\u0641\u0646\u0627\u062f\u0642 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u062c\u062f\u0629 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629\u060c \u0648\u0627\u0644\u062a\u064a \u062a\u0634\u0645\u0644 \u0625\u0646\u0634\u0627\u0621 \u0648\u062a\u0637\u0648\u064a\u0631 \u0623\u0643\u062b\u0631 \u0645\u0646 … Read more<\/a><\/p>","protected":false},"author":10,"featured_media":87819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[118],"tags":[],"class_list":["post-87818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hospitality-entertainment"],"acf":{"amlak_post_excerpt":"\u0625\u0646\u0634\u0627\u0621 \u0645\u062d\u0641\u0638\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 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\nHe emphasized that the investment portfolio will adopt flexible financing and investment models, including public-private partnerships and investment funds, in order to attract local and international investors, as well as support the growth of Tourism and Hospitality<\/a> in the Kingdom, in an effort to empower the private sector and provide sustainable investment opportunities in a unique heritage environment.<\/p>\n