Midad & Kerzner launch Atlantis and One&Only in Jeddah

Midad Real Estate, Jeddah Central Development Company (JCDC) and Kerzner International have formed a joint venture to develop the first Atlantis and One&Only resorts in Saudi Arabia, marking a major milestone for luxury tourism on the Red Sea coast.

The twin developments will be located in Jeddah Central, a prime waterfront district being shaped into a world-class tourism, retail and leisure destination. Midad will lead the master development while Kerzner will operate the resort brands, bringing its established expertise in large-scale luxury hospitality.

Atlantis Jeddah is expected to feature branded residences, a large water-attraction complex, an aquarium experience, diverse dining options and a waterfront entertainment pier. The resort will aim to attract family and leisure travellers seeking immersive resort experiences.

One&Only Jeddah will offer an intimate, ultra-luxury resort experience with a mix of rooms, suites and private villas, exclusive dining and wellness facilities, private beach access and bespoke event spaces designed for high-end travellers and residents.

Sustainability is central to the project design. Planners say the master plan incorporates energy-efficient systems, water-sensitive landscaping and marine-inspired architecture intended to protect and enhance the coastal environment.

The partnership aligns with broader economic and tourism objectives under Saudi Vision 2030, supporting efforts to diversify the economy, attract foreign investment and create jobs in the hospitality and services sectors. Project leaders say the resorts will help position Jeddah Central as a global luxury destination and support the Kingdom’s ambitions to expand its high-end tourism offer.

Executives from the partners described the joint venture as a defining step for Jeddah’s waterfront transformation and for Kerzner’s growth in the region. The developments are expected to generate construction and hospitality employment and to catalyse further investment in adjacent leisure and retail precincts.

Timelines and detailed construction schedules are to be announced by the developers. Officials say subsequent phases will focus on integration with Jeddah Central’s wider master plan, including transport links, public spaces and cultural amenities designed to enhance visitor experience and local quality of life.

The Atlantis One&Only Saudi initiative represents a high-profile example of international hospitality brands working with regional developers to elevate destination appeal and broaden the Kingdom’s luxury tourism inventory.

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