Arabian Centres Company (Cenomi Centers) Announces the Completion of Major Construction Works and the Transition to the Operational Phase for the Westfield Jeddah Project
AI Summary
- Arabian Centres Company (Cenomi Centers) completed the Westfield Jeddah project and received the Occupancy Certificate, transitioning the development to its operational phase as of July 30, 2026.
- The project has achieved a pre-leasing level of approximately 96%, with tenants currently completing unit fit-outs to reach critical mass occupancy.
- Once stabilized, the mall is expected to contribute approximately SAR 350 million in additional annual EBITDA to the company.
- Westfield Jeddah is the first mall in Saudi Arabia to receive LEED Gold certification and features the Kingdom's first international-standard luxury wing.
