SAUDI MEGA PROJECTS

SAUDI MEGA PROJECTS

An astonishing volume and variety of major construction and fit-out projects are currently underway in Saudi Arabia as the Vision 2030 national development plan becomes reality.

More than 80 mega projects, each worth at least $1 billion, are currently underway or planned for completion by this date.

In turn, this is opening up massive new opportunities for international interiors and fit-out suppliers to the hospitality, retail, commercial and residential sectors.

THE AVENUES

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Location: Riyadh | Budget: $1.9 billion

An enormous retail facility extending across 390,000 m² and therefore set to become one of the Middle East’s largest shopping malls. Also includes two residential towers, two hotel towers, a medical tower and office units

KING ABDULLAH FINANCIAL DISTRICT

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Location: Riyadh | Budget: $7.8 billion

Recently announced as the new home of the Kingdom’s sovereign wealth fund, the 17.2 million-square-foot master plan calls for over 60 residential, office, and retail towers; schools, medical clinics, civic buildings and hotels capable off housing 50,000 residents when complete.

 

KING ABDULLAH ECONOMIC CITY

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Location: Rabigh | Budget: $100 billion

Situated off the Red Sea across 181 km², approximately the size of Washington DC, this is the largest private development of its kind in the world and is set become home to two million people. Its key target demographic are younger Saudi’s with international exposure.

RIYADH METRO

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Location: Riyadh | Budget: $22.5 billion

The biggest urban mass-transit system that’s ever been created in one phase, this is a six-line, 85-station metro network for the national capital, whose population is projected to grow by 40% by 2030.

 

THE KNOWLEDGE ECONOMIC CITY

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Location: Riyadh | Budget: $22.5 billion

The biggest urban mass-transit system that’s ever been created in one phase, this is a six-line, 85-station metro network for the national capital, whose population is projected to grow by 40% by 2030.

NEOM

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Location: Red Sea | Budget: $500 billion

Announced in Riyadh in October 2017 with its first phase due to complete in 2025, this unprecedented project will build a new megacity on the Red Sea near Saudi Arabia’s northeast border with Egypt and Jordan and cover an area some thirty-three times the size of New York City.

JEDDAH TOWER

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Location: Jeddah | Budget: $1.2 billion

The world’s first building to reach 1 km high, the Jeddah Tower is a symbol of the growth, prosperity, and regional emergence of its homeland on the global stage. Due to open in 2020 its 252 floors will house a 200 bedroom hotel, 121 serviced apartments, 61 residential floors and 318 apartments.

AL-QIDDIYA ENTERTAINMENT CITY

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Location: 40km from Riyadh city centre | Budget: $500 billion

An entertainment city almost as big as Las Vegas located southwest of Riyadh, this major new development will include theme parks, resorts, hotels and residential units on about 100 miles of sandy coastline on the Red Sea. At a total size of 334 square km, its first phase due to open to the public in 2022.