Prince Khalid Al-Faisal, governor of Makkah, on Wednesday inaugurated the fourth and fifth phases of Jeddah Waterfront project.
The new project, located along the Red Sea coast, spans on a total area of 720,000 square meters and costs over SAR 800 million, Argaam earlier reported.
Saudi Arabia's Public Investment Fund is also planning to redevelop Jeddah’s waterfront corniche into a mixed-use project at a total cost of SAR 18 billion.
The project will comprise housing, shops, museums and a marina.
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