Why Saudi?
Giga Projects
The Kingdom’s Vision 2030 is a catalyst for transformative change, reshaping Saudi Arabia’s economy, landscape, and future. At the heart of this vision lie the Saudi Giga Projects — monumental in scale, ambition, and impact, they symbolize the Kingdom’s commitment to progress and innovation.
Giga Projects in Saudi Arabia
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Neom - Technology & Sustainability-focused Giga Project
NEOM, meaning ‘new future,’ unveils a revolutionary vision for tomorrow, beckoning forward-thinking individuals to pioneer sustainable solutions for global challenges. Spanning 26,500 square kilometers across the Red Sea region, NEOM encompasses transformative projects like ‘THE LINE,’ ‘Hexagon,’ ‘Trojena,’ and ‘Sindalah,’ heralding new economic and cultural prospects for Saudi Arabia and international investors alike.
- Key insights
- Focus Sectors
- NEOM is projected to contribute $48 billion to Saudi Arabia’s GDP by 2030.
- The Line,’ a pioneering self-sustaining megacity, anticipates generating over 380,000 employment opportunities.
- The NEOM project zone will feature a bespoke tax and regulatory framework, fostering an environment conducive for foreign investment in this groundbreaking megaproject.
- Renewable Energy and Sustainability
- Technology
- Real Estate
Red Sea Project - Luxury Tourism-focused Giga Project
Situated along the western coast of the Kingdom, the Red Sea Project stands as a beacon of luxury tourism, spanning over 28,000 km. Regarded as “the world’s most ambitious luxury tourism development,” it embodies the visionary spirit of Saudi Arabia’s Vision 2030.
Crafted by Red Sea Global, this transformative project beckons international travelers and investors alike with its diverse and captivating landscapes. From pristine islands to vast deserts and majestic mountains, the Red Sea Project promises an unparalleled experience in natural beauty and luxury hospitality.
- Key insights
- Focus Sectors
- The Red Sea Project is forecasted to inject $4 billion annually into the Kingdom’s GDP.
- It is poised to generate over 35,000 jobs across the hospitality, tourism, and cultural sectors.
- The project presents lucrative business and investment prospects for both local and foreign enterprises.
- Travel and Tourism
- Hospitality
- Entertainment
- Transportation
- Utilities
With a focus on sustainability, innovation, and world-class amenities, the Red Sea Project sets a new standard for luxury tourism destinations, positioning Saudi Arabia as a premier global travel destination.
Neom - Technology & Sustainability-focused Giga Project
NEOM, meaning ‘new future,’ unveils a revolutionary vision for tomorrow, beckoning forward-thinking individuals to pioneer sustainable solutions for global challenges. Spanning 26,500 square kilometers across the Red Sea region, NEOM encompasses transformative projects like ‘THE LINE,’ ‘Hexagon,’ ‘Trojena,’ and ‘Sindalah,’ heralding new economic and cultural prospects for Saudi Arabia and international investors alike.
- Key insights
- Focus Sectors
- NEOM is projected to contribute $48 billion to Saudi Arabia’s GDP by 2030.
- The Line,’ a pioneering self-sustaining megacity, anticipates generating over 380,000 employment opportunities.
- The NEOM project zone will feature a bespoke tax and regulatory framework, fostering an environment conducive for foreign investment in this groundbreaking megaproject.
- Renewable Energy and Sustainability
- Technology
- Real Estate
With a focus on sustainability, innovation, and world-class amenities, the Red Sea Project sets a new standard for luxury tourism destinations, positioning Saudi Arabia as a premier global travel destination.
Qiddiya Project - Entertainment & Sports-focused Giga Project
Qiddiya, led by the Qiddiya Investment Company, emerges as the pinnacle of entertainment, sports, and arts in Saudi Arabia. Not only does it champion the economic diversification goals of Vision 2030, but it also serves as a catalyst for empowering Saudi youth.
The project spans across a vast 334km² area, encompassing five key zones designed to cater to diverse interests and lifestyles. These include The Resort Core featuring theme parks, entertainment venues, and dining options; the central Qiddiya Village; the exhilarating Motion Zone dedicated to motorsports experiences; the tranquil Eco Zone highlighting nature and wildlife; and a Golf & Residential Community.
The Qiddiya project presents numerous opportunities for real estate development and community
services, fostering growth and enhancing the quality of life for residents and visitors alike.
- Key Insights
- Focus Sectors
- Qiddiya is projected to become a major tourist destination, attracting both foreign and domestic tourists, who spend up to $12.53 billion in foreign countries. Qiddiya aims to attract a large proportion of the Kingdom’s 17 million outbound tourists by providing world-class entertainment, culture, and shopping possibilities.
- Sports & Wellness
- Nature & Environment
- Parks & Attractions
- Motion & Mobility
- Arts & Culture
Roshn - Estate & Community-focused Giga Project
The ROSHN giga project is not only spearheading the advancement of modern communities within the Kingdom but also revolutionizing the urban landscape, playing a pivotal role in the government’s ambitious objective to achieve 70% home ownership across Saudi Arabia by 2030.
Expected to construct over 400,000 homes and neighborhood amenities by 2030 across geographically diverse areas spanning 200,000 km2 of land, ROSHN represents a monumental undertaking.
- Key Insights
- Focus Sectors
- ROSHN recently secured eight new contracts valued at $2.1 billion to develop additional residential units and facilities across the Kingdom.
- The leadership at ROSHN, led by Chief Development Officer Oussama Kabbani, extends a warm invitation to foreign investors, encouraging them to explore investment opportunities within the giga project. Foreign investment prospects are anticipated to expand within the Kingdom.
- Construction
- Real Estate
Diriyah - Cultural Heritage-focused Giga Project
Diriyah, a UNESCO World Heritage Site, has long served as a crossroads of culture and commerce throughout ancient history. Continuing this legacy, Diriyah Company leads the development of the Diriyah giga project.
Diriyah will embody the region’s pride, rich heritage, and authentic Saudi identity through a myriad of galleries, cultural attractions, and fine-dining establishments.
- Key insights
- Focus Sectors
- The Diriyah Gate initiative commenced as a bold $50 billion development project and expanded in scope following the decision by the Kingdom’s Public Investment Fund (PIF) to transform it into a gigaproject.
- The project is poised to generate 178,000 employment opportunities.
- Diriyah’s contribution to the Kingdom’s GDP is projected to reach $18.66 billion.
- The plan entails the construction of over a hundred restaurants, 38 hotels, and various community facilities.
- Culture
- Tourism
King Salman Park - Urban Development-focused Giga Project
Situated in central Riyadh, King Salman Park is poised to become the world’s largest urban park, spanning an impressive 16.7 square kilometers. Envisioned as an expansive green oasis, the project boasts a Royal Arts Complex, intricately designed Islamic-style mazes and gardens, serene pathways, and a captivating pavilion.
Furthermore, the development encompasses the construction of residential units, hotels, neighborhood amenities, parking facilities, and retail spaces, addressing the burgeoning demand for housing and economic opportunities in the capital city.
- Key Insights
- Focus Sectors
- The King Salman Park Real Estate Development Fund, valued at $1.07 billion, is spearheaded by the King Salman Park Company and Saudi Fransi Capital.
- Embracing a collaborative approach between the public and private sectors, Naif Alrajhi Investment oversees the development of the park’s initial real estate parcel.
- The King Salman Park Foundation has awarded contracts to several Saudi companies, totaling $1.03 billion, to undertake various development projects within the park.
- Culture
- Tourism
- Real Estate Development
- Transportation
Jeddah Central - Urban Regeneration-focused Giga Project
The Jeddah Central project is dedicated to the development of the historic port city while preserving its rich cultural and historical heritage. Focused on residential growth and cultural revitalization, the project aims to enhance the quality of life for Jeddah residents.
Encompassing the construction of 17,000 residential units, along with an arts center, stadium, opera house, oceanarium, and waterfront amenities including a marina, Phase 1 of the project is slated for completion by 2027, ushering in a new era for visitors and residents alike.
- Key Insights
- Focus Sectors
- The Jeddah Central project boasts a budget of $20 billion.
- By 2030, the project is anticipated to contribute $12.5 billion to the Kingdom’s GDP.
- Jeddah’s strategic proximity to Makkah and Medina positions it as an enticing tourist destination.
- Real Estate Development
- Tourism
New Murabba - Commercial & Cultural Development-focused Giga Project
The New Murabba project is set to revolutionize downtown Riyadh, establishing a dynamic commercial and cultural hub spanning an impressive 25 million square kilometers. Plans entail the development of 104,000 residential units, alongside hotels, retail and office spaces, community amenities, and leisure zones, all seamlessly connected through an internal transport network.
At the project’s core lies the Mukaab, a striking cube-shaped structure standing 400 meters high, wide, and long. This iconic centerpiece will house a myriad of shops and cultural attractions enhanced with digital and virtual technologies, offering immersive experiences.
- Key Insights
- Focus Sectors
- The project is projected to inject $50 billion into the Kingdom’s economy.
- By 2030, New Murabba is slated to generate 334,000 employment opportunities.
- While spearheaded by Saudi companies and workers, the project is poised to attract private and foreign investments in the future.
- Entertainment
- Real Estate
Saudi Downtown
The Public Investment Fund’s Saudi Downtown Company is poised to revitalize downtown areas in 12 cities across the Kingdom, establishing modern commercial and residential zones spanning over 10 million square meters.
Target cities for development include Madinah, Najran, Arar, Baha, Dumat Al Jandal, Jizan, Taif, Tabuk, Khonbar, Hail, Ahsa, and Buraydah.
In a move to foster collaboration, Saudi Downtown Company has entered memorandums of understanding with the Small and Medium Enterprises General Authority (Monsha’at) and the Ministry of Municipal and Rural Affairs and Housing. These agreements aim to set architectural design standards and create business opportunities for the SME sector.
- Key Insights
- Focus Sectors
- While in its nascent stages, the project is poised to unlock new prospects for the private sector, facilitating revenue diversification for the Kingdom, and fostering infrastructure development to support small and medium-sized enterprises.
- Commercial
- Recreational
- Residential Real Estate
Masar Destination - Religious Tourism-focused Giga Project
The Masar destination project spearheads the revitalization of a commercial zone near the Makkah Grand Mosque, led by private developer Umm Al Qura company.
With a substantial investment of $6.13 billion allocated for infrastructure enhancements, the project’s infrastructure construction reached 92% completion by the end of 2022, with an anticipated completion date set for 2035.
- Key Insights
- Focus Sectors
- The Masar destination project is anticipated to generate 16,000 employment opportunities in Makkah.
- Umm Al Qura secured additional investments amounting to $3.2 billion Saudi Riyals from a diverse group of investors spanning various sectors.
- Recent partnership agreements have been inked, including a collaboration with the International Hospitality Group to develop and manage the Swiss Inn Hotel.
- Umm Al Qura aims to attract $26.6 billion in investments to finalize the project and position Makkah as a premier long-term investment destination.
- Commerce and Retail Real Estate
- Hotels and Hospitality
Al’Ula - Cultural Tourism & Heritage-focused Giga Project
The Al’Ula project marks a transformative initiative aimed at enhancing the UNESCO World Heritage Site of Al’Ula, enriching its appeal to tourists and elevating the quality of life for local residents.
Central to the plans are the construction of luxury hotels, museums, cultural centers, and various other amenities to bolster the city’s economic and social fabric. With an initial investment of $2 billion, infrastructure development has commenced, including the expansion of the Al’Ula airport to accommodate the project’s objectives.
- Key Insights
- Focus Sectors
- The project boasts an estimated total development value exceeding $15 billion, with $3.2 billion earmarked for the primary infrastructure development of the ancient city.
- The Al’Ula project actively seeks partners to realize its ambitious “Journey Through Time” master plan, presenting opportunities for public-private partnerships.
- Projected to contribute $32 billion to the Kingdom’s GDP and generate over 38,000 employment opportunities, the project signifies a significant catalyst for economic growth and job creation.
- Travel and Tourism
- Real Estate
King Abdullah Financial District (KAFD) - Financial & Business-focused Project
This iconic office and residential district, encompassing 61 towers and skyscrapers, epitomizes a vibrant, smart city offering cutting-edge solutions, world-class workspaces, contemporary residences, and unparalleled entertainment options.
With only 40% of the expansive 1600 km2 zone currently constructed, the district’s expansion efforts are ongoing, promising further growth and development.
- Key Insights
- Focus Sectors
- KAFD serves as the regional headquarters for international businesses in the Kingdom and is designated as one of the four special economic zones implementing special regulations for foreign companies.
- The district’s expansion is set to accelerate, with plans announced by KAFD management to develop 1,000 residential apartments within the next 6 months.
- Currently welcoming 10,000 visitors daily, KAFD anticipates a surge in footfall, with projected numbers reaching hundreds of thousands in the coming years, as highlighted by the CEO of KAFD.
- Retail
- Hotels and Hospitality
- Food and Beverage
- Office and Residential Real Estate
- Entertainment
Mohammed bin Salman Non-profit City (MISK) - Innovation & Education-focused Giga Project
MISK is poised to emerge as Riyadh’s premier business incubator and a nucleus for nurturing future generations of entrepreneurs and leaders. The foundation champions holistic personal and professional development through an array of programs spanning business, literature, culture, art, science, and technology.
Designed with a strong emphasis on sustainability and community well-being, the city dedicates 44% of its space to sustainable development initiatives, with approximately 99,000 m2 allocated for amenities catering to an anticipated 18,000 residents.
- Key Insights
- Focus Sectors
- Funded by Mohammed bin Salman’s personal foundation, MISK has played a pivotal role in fostering over 500 startups to date.
- In a significant development, the Small and Medium Enterprises General Authority (Monsha’at) and MISK forged a memorandum of understanding in November 2023, outlining collaborative efforts to bolster business development within the city through innovative initiatives.
- Science and Technology
- Education
- Startups and Entrepreneurship
SEVEN - Entertainment & Tourism-focused Giga Project
SEVEN, spearheaded by the Public Investment Fund (PIF), stands as a transformative giga project dedicated to advancing the Kingdom’s entertainment sector. As the driving force behind development and investment endeavors, SEVEN plays a pivotal role in fostering economic diversification and fostering strategic partnerships on both local and international fronts.
Dedicated to offering family-oriented entertainment and fostering fun-filled experiences for Saudi Arabia’s burgeoning youthful demographic, SEVEN boasts 8 global partnerships and over 150 entertainment zones spanning 14 cities. Aligned with the Kingdom’s overarching objective to enhance travel and tourism, SEVEN’s array of entertainment destinations are poised to attract over 90 million visitors by 2030.
- Key Insights
- Focus Sectors
- SEVEN commenced the construction of a groundbreaking $346 million amusement destination in Madinah, in collaboration with BUJV, a joint venture by Al Bawani Co and UrbaCon Trading & Contracting.
- In a bid to curate unparalleled experiences, SEVEN has forged strategic partnership agreements with renowned global entertainment industry giants such as Hasbro, Warner Bros. Discovery, Mattel, and Clip ‘n Climb, aiming to integrate unique attractions with brand content.
- With ambitious investment plans, SEVEN is set to allocate over $13 billion towards establishing 21 cutting-edge entertainment destinations across the Kingdom.
- Entertainment
- Hospitality
- Travel and Tourism
Saudi Downtown
The Public Investment Fund’s Saudi Downtown Company is poised to revitalize downtown areas in 12 cities across the Kingdom, establishing modern commercial and residential zones spanning over 10 million square meters.
Target cities for development include Madinah, Najran, Arar, Baha, Dumat Al Jandal, Jizan, Taif, Tabuk, Khonbar, Hail, Ahsa, and Buraydah.
In a move to foster collaboration, Saudi Downtown Company has entered memorandums of understanding with the Small and Medium Enterprises General Authority (Monsha’at) and the Ministry of Municipal and Rural Affairs and Housing. These agreements aim to set architectural design standards and create business opportunities for the SME sector.
- Key Insights
- Focus Sectors
- While in its nascent stages, the project is poised to unlock new prospects for the private sector, facilitating revenue diversification for the Kingdom, and fostering infrastructure development to support small and medium-sized enterprises.
- Commercial
- Recreational
- Residential Real Estate
