Red Sea Mall

Located in Jeddah’s northern suburbs on King Abdulaziz Road, Red Sea Mall. It is the only mall in the Western region to feature a connected five-star hotel, seven-story premium office tower, multiplex, and parking capacity for 5,000+ vehicles.

Red Sea Mall Logo

Saudi Arabia’s favorite shopping and leisure destination

Owned by SEDCO [and a consortium of partners], and operated by Red Sea Markets Company (a SEDCO subsidiary), the development blends retail and cinemas, hospitality (Joudyan Hotel) and an office tower to deliver a powerful snapshot of how mixed-use investment, development and asset management can combine to create a sustainable, long-term destination.

Red Sea Mall has become Jeddah’s family entertainment hub, with 12 VOX cinemas (in association with the UAE’s Majid Al Futtaim) and many other attractions – from rides, games, and thrills for children, to bazaars featuring craft shops and specialty dining.

The mall’s latest expansion in [2017] created additional space for exciting new brands and concepts. An attractive tenant mix and a year-round schedule of events, promotions and social outreach programs – supported by a mobile app and active social media engagement – have boosted footfall and sustained Red Sea Mall’s popularity as the city’s go-to destination, attracting more than 17 million visitors a year.

Key Facts

Owner

SEDCO

Sector

Mixed-use (retail, leisure, hospitality and offices)

Location

Jeddah, Kingdom of Saudi Arabia

Activities

Investment, development and asset management

Status

Ongoing investment

SEDCO and Red Sea Markets Company are now working to replicate Red Sea Mall’s success in the southern city of Abha. Due for completion in 2026, The Point is a 150,000 sqm mixed-use development in association with the Tourism Development Fund to create the Asir region’s leading destination for tourism, shopping, entertainment and recreation.

The Point will feature 150 retail units including a hypermarket, 40+ restaurants and cafés, 10 cinemas, and 50,000 sqm of green areas. These will be integrated with a 150-unit Hilton Canopy Hotel and a Hilton Residence with 100 apartments. The development will create 2,500 jobs and a range of commercial opportunities for local SMEs.

Timeline

1999-2001

Commercial evaluation and due diligence

2004

Establishment of Red Sea Markets as asset manager

2008

Official opening

2017

Second major upgrade and expansion, Phase III

2002

Ground-breaking and foundation laying

2005-2007

Initial development and construction, Phase I

2010

First major upgrade and expansion, Phase II

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