Uptown Jeddah Company

What Uptown Jeddah Company does

Uptown Jeddah Company (legal name: Jeddah Development and Urban Development Company, شركة جدة للتنمية والتطوير العمراني) is a Saudi state-owned joint stock company established by Royal Decree No. M/65 on 23-10-1427H (approximately 2006) and represented by the Jeddah Municipality Secretariat. It operates as the dedicated municipal development vehicle for the city of Jeddah, executing urban renewal, environmental remediation, logistics, industrial, residential, and waterfront projects aligned with Saudi Vision 2030. The portfolio spans 66 work zones and 117 owned land plots and includes marquee assets such as the Palestine Street and Middle Corniche waterfront (1.2 km + 3.6 km), Salman Bay residential district (3 million sqm), Asfan light industries (5.4 million sqm), Al-Khamra logistics zone (636,000 sqm) and warehouses (233,149 sqm), Concrete Plan (334,196 sqm), Wadi Al-Asla (36 million sqm), a 6-dam and 25 km flood drainage system in East Jeddah, the 2 million cubic meter old landfill closure, and a used-tire recycling initiative.

The company's business model combines one-time land development and sale to private investors, managed services for municipal assets (outdoor advertising media boards, waterfront restaurants/retail/kiosks, marina operations), and investment partnership revenue through co-investment vehicles such as the 2024 digital transformation joint entity with solutions by stc. GTM is direct enterprise/B2G: the company engages Jeddah Municipality and other ministries as anchor client, lists investment opportunities through its online portal, and signs land/investment agreements at the Municipal Investment Forum (ملتقى الاستثمار البلدي). Pricing is not publicly disclosed and is quoted on a project-by-project basis. The board is composed of representatives from Jeddah Municipality, Makkah Region Emirate, and the Ministries of Municipalities and Housing, Finance, Commerce, and Media, with the CEO Hamad bin Nabil Al-Sulaiman leading day-to-day operations.

Technology infrastructure is not publicly disclosed; the company lists no proprietary platform, patents, or AI capabilities. The most notable technology-adjacent move is the May 2024 partnership with solutions by stc to establish a digital transformation entity for Jeddah Municipality's project portfolio, which the company has positioned as its technology arm but which has not yet disclosed productized outputs. Operating geographies are concentrated in Jeddah and the surrounding Western Province of Saudi Arabia, with no global footprint and a dependency on domestic government capex cycles.

Name

Uptown Jeddah Company

Legal name

شركة جدة للتنمية والتطوير العمران

Website

https://jedco.sa

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Uptown Jeddah Company is a Saudi state-owned joint stock company established in 2006 and represented by Jeddah Municipality to develop urban, environmental, logistics, residential, and municipal projects across 66 work zones and 117 land plots in Jeddah, aligned with Saudi Vision 2030.

Ownership category

akta.pro rank

Product category

Urban Development & Municipal Infrastructure

NAICS

Land Subdivision (237210), Highway, Street, and Bridge Construction (23731), Residential Building Construction (2361)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Public Works & Municipal Infrastructure (Streets, Stormwater, Facilities) (BPAIACAF), Sustainable Cities, Urban Development & Green Infrastructure (BPADALAL)

Keywords

• Urban development
• Municipal infrastructure
• Land development
• Environmental remediation
• Logistics zones

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Land Development and Sale: The company develops and sells land parcels through investment projects including residential (Salman Bay), logistics zones (Al-Khamra), industrial workshops (Asfan), and mixed-use developments. Revenue generated from land sales and plot allocations to investors and developers.
2. Project Management Services: Management and operation of municipal assets including outdoor advertising media boards, waterfront services (restaurants, recreational centers, kiosks), and marina operations. Services provided to Jeddah Municipality Secretariat.
3. Investment Partnership Revenue: Revenue generated through co-investment partnerships with private sector, including joint ventures for digital transformation (solutions by stc partnership) and municipal development projects.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Uptown Jeddah Company is a state-owned urban development entity that plans, develops, and manages municipal, environmental, logistics, and residential projects in Jeddah on behalf of the Jeddah Municipality Secretariat. The company develops and allocates land parcels, manages outdoor advertising media, operates marinas and waterfront assets, and executes infrastructure projects including flood protection, landfill closure, and recycling initiatives.

Product overview

Jeddah Development and Urban Development Company (Jedco) is a state-owned urban development company represented by the Jeddah Secretariat, operating under Vision 2030 to transform Jeddah into a cultural and commercial hub. The company's portfolio consists of environmental projects (landfill closure, tire recycling, flood prevention), urban development projects (waterfronts, streets, residential districts), logistics zones and warehouses, industrial zones (light industries, workshops, concrete factories), and municipal services (advertising boards, marina management). The company manages 66 work areas and 117 land areas, with 17 years of continuous development experience.

Differentiator

Problem solved

Functional benefit

Products and services

• Palestine Street and Middle Corniche Development (تطوير شارع فلسطين والكورنيش الأوسط) Urban development of Palestine Street from its intersection with Andalus Street eastward to the Middle Corniche (1.2 km), and the Middle Corniche from Salam Palace northward to the Horse Club roundabout southward (3.6 km). The development serves as a major tourist landmark and recreational facility for Jeddah residents and visitors.
• Northern Corniche Waterfront Development (مشروع الواجهة البحرية) Development of the Northern Corniche waterfront in Jeddah featuring distinctive architectural design for tourism and recreation. Jedco manages investment sites including restaurants, recreational centers, and kiosks for visitors.
• Flood Prevention Emergency Solutions (مشروع الحلول العاجلة لدرء السيول) Comprehensive flood drainage projects in East Jeddah including construction of 6 dams to protect from wadi floods, approximately 25 km of closed and open channels for flood water diversion, supported by surface drainage networks.
• Old Landfill Closure (مشروع المردم القديم) Closure of the old waste landfill located east of Jeddah near the Bremanship area, covering over 2 million cubic meters of surface and sides, with installation of a gas collection and treatment system.
• Used and Damaged Tire Recycling (تدوير الإطارات المستعملة والتالفة)

Quantifiable outcome

• Development of 1.2km of Palestine Street and 3.6km of Middle Corniche waterfront
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• solutions by stccoreStrategic or Co-development Partner · 29 May 2024solutions by stc partnered with Uptown Jeddah Company to establish a new digital transformation entity for developing municipal projects and initiatives under Jeddah Municipality. This partnership serves as the digital transformation arm for municipal development projects, providing innovative and sustainable solutions for Jeddah Municipality's development portfolio.
• U.S. Consulate in Jeddah (القنصلية الأمريكية)minorOthers · 29 June 2022Uptown Jeddah Company hosted the American Consul and delegation, showcasing the company's diverse portfolio including urban development, logistics, and municipal activity projects. The delegation expressed appreciation for the national efforts underway at the company.
• American Chamber of Commerce in Jeddah (الغرفة التجارية الأمريكية)minorGTM or Marketing Partner · 23 January 2022The American Chamber of Commerce in Jeddah hosted Uptown Jeddah Company leadership to introduce the company and its projects, exploring mutual investment interests and business cooperation opportunities.
• Jeddah Municipality Secretariat (أمانة محافظة جدة)coreStrategic or Co-development PartnerThe company operates as a state-owned entity represented by Jeddah Municipality Secretariat. Multiple partnership agreements have been signed including outdoor advertising media management, investment projects, and municipal service delivery.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Diriyah Company: State-backed developer of the Diriyah giga-project near Riyadh under Vision 2030. Direct peer as a state-owned urban development entity executing heritage, tourism, and residential masterplans with a similar municipal-mandate business model.
• ROSHN: Saudi Arabia's flagship national residential developer (PIF-backed), delivering large-scale masterplanned communities. Directly comparable to Jedco's Salman Bay residential district and Asfan mixed industrial-residential projects, both serving Vision 2030 housing demand.
• Knowledge Economic City (KEC): Saudi developer of knowledge-based economic cities including residential, commercial, and industrial components. Comparable as a master developer of integrated Saudi economic zones with similar land development and infrastructure delivery model.
• Qiddiya Investment Company: PIF-owned Saudi entertainment and cultural city developer near Riyadh. Comparable as a state-backed Vision 2030 entity developing large-scale tourism, recreational, and mixed-use destinations with a similar mandate-driven business model.
• King Abdullah Economic City (KAEC): Saudi special economic city developer managing integrated industrial, residential, logistics, and port zones. Directly comparable to Jedco's Al-Khamra logistics zone, industrial workshop developments, and integrated land-use planning mandate.
• Red Sea Global (RSG): PIF-backed Saudi tourism destination developer behind The Red Sea and AMAALA projects. Comparable as a Vision 2030 giga-project developer executing tourism, hospitality, and infrastructure masterplans in Saudi Arabia.

Broad incumbents

• Aldar Properties: Abu Dhabi-based master developer with diversified residential, commercial, logistics, and infrastructure projects. Comparable business model in land development and asset management across real estate and logistics categories.
• Dar Al Arkan Real Estate Development: Largest listed Saudi real estate developer with broad land development, residential, and commercial operations. Comparable in scope as a master developer of mixed-use communities in Saudi Arabia, though operating as a private incumbent with broader geographic reach.
• NEOM: PIF-owned Saudi giga-project developing a regional tech-forward city. Comparable as a state-led Vision 2030 urban transformation vehicle, though operating at much larger scale and with explicit technology-forward differentiation.
• Emaar Properties: UAE-based global master developer with large-scale residential, commercial, and waterfront projects. Comparable as a developer of integrated masterplanned communities and waterfront destinations, though operating regionally rather than under a municipal mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jedco-sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uptown Jeddah Company