Cenomi Centers Opens Westfield Jeddah at 96% Pre-Lease Rate

Once Westfield Jeddah reaches stable operations, the company expects it to contribute about SAR 350 million in additional EBITDA each year, boosting net profit and cash flow.

Cenomi described the mall as a landmark for Jeddah's retail sector. The company expects it to draw heavy foot traffic and become the first mall in the kingdom to receive LEED Gold certification. The project also includes what Cenomi called the first internationally branded luxury wing of its kind in Saudi Arabia, alongside retail, entertainment, and dining tenants.

The company first announced the Jawharat Jeddah project in 2019 as a retail and entertainment destination in northern Jeddah. In 2024, it signed an agreement with Unibail-Rodamco-Westfield and renamed the project Westfield Jeddah, making it the first shopping mall in Jeddah to carry the global Westfield brand.