Midad Real Estate, JCDC and Kerzner International join forces to launch first Atlantis and One&Only resorts in Saudi Arabia

Dubai: Midad Real Estate Company has announced a major joint venture with Jeddah Central Development Company (JCDC), owned by the Public Investment Fund (PIF), and Kerzner International, the global hospitality group behind the renowned Atlantis and One&Only brands.

The agreement, signed during the TOURISE Global Summit, was attended by Saudi Arabia’s Minister of Tourism, Ahmed Al Khateeb, and Mohammad Al Shaibani, Chairman of the Board of Directors at Kerzner International.

The partnership will bring the first-ever Atlantis and One&Only destinations to Saudi Arabia, both located within Jeddah Central — a transformative waterfront district on the Red Sea coast designed to become one of the Kingdom’s premier tourism and entertainment hubs.

Transforming Jeddah’s waterfront

Midad Real Estate will serve as the project’s developer, leading the creation of Atlantis Jeddah and One&Only Jeddah, two flagship destinations envisioned to elevate Jeddah Central as a world-class leisure and cultural landmark.

Atlantis Jeddah will feature branded residences, the region’s first Aquaventure Waterpark, and the Lost Chambers Aquarium, alongside more than 20 dining venues, luxury retail outlets, and a waterfront entertainment pier

The One&Only Jeddah resort will offer rooms, suites, villas, and the brand’s first Private Homes community in Saudi Arabia. Guests can expect seven signature dining venues, the Club One Wellness Centre, private beach access, and exclusive event spaces. Both developments will reflect Jeddah’s Corniche heritage through contemporary architecture and coral-inspired landscaping.

Sustainable and vision-driven

Sustainability will be at the heart of both projects, incorporating eco-conscious design, energy-efficient systems, and initiatives that protect marine and urban ecosystems.

Eng. Ahmed bin Abdulaziz Al Sulaim, CEO of Jeddah Central Development Company, said: “This partnership reinforces Jeddah Central’s status as a global waterfront destination. It reflects the power of collaboration between Saudi developers and international hospitality leaders, contributing directly to Saudi Vision 2030.”

Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate, added: “This is a defining moment for Midad Real Estate. Together with Kerzner and JCDC, we will set new benchmarks for luxury, sustainability, and hospitality in Saudi Arabia.”

Philippe Zuber, CEO of Kerzner International, said: “The launch of Atlantis and One&Only in Jeddah marks a new era for the Kingdom’s tourism sector. We are proud to play a role in shaping this exciting future.”

Strategic milestone

• Marks Kerzner International’s debut in Saudi Arabia.

• Strengthens Midad Real Estate’s luxury hospitality portfolio.

• Positions Jeddah Central as a global destination for culture, entertainment, and urban living.

• Supports Saudi Vision 2030 by boosting tourism, investment, and job creation.

The landmark collaboration underscores Jeddah’s emergence as a dynamic coastal destination set to redefine the region’s tourism and hospitality standards.