In a strategic step set to redefine Jeddah’s waterfront skyline, Sumou Real Estate and Arch Capital have signed a Development Management Agreement for a landmark mixed-use tower on Jeddah Corniche. With expected sales exceeding SAR 700 million, the project reflects the growing confidence in Saudi Arabia’s real estate sector while introducing a high-quality mixed-use destination in one of the city’s most prominent locations. The development aligns with the objectives of Saudi Vision 2030 by fostering sustainable vertical communities and creating long-term investment value.
