Saudi Arabia has announced a handful of big projects this year and has invested a total of $1.1 TRILLION, equal to 4.13 trillion Saudi Riyals
As Crown Prince Mohammad bin Salman announced the Vision 2030 initiatives, bigger and better projects have been announced in the Kingdom. The country is totally transforming and everyone is here for it! As reported by Arab News, the Kingdom’s big projects include NEOM, King Salman Park, Diriyah Gate, The Red Sea Project, Jeddah Economic City, and the Jeddah Central Project. However, this is just a few of many that will soon turn Saudi into the ultimate residential, entertainment, and leisure hub for both residents and tourists.
The Kingdom is building 555,000 residential units, more than 10.4 million square meters of office and retail space
THREAD: Saudi’s Arabia plan to attract 100 million tourists by 2030:
The $50 billion Diriyah Gate development will cover 370 acres and aim to attract 25 million annual tourists…
It will host dozens of ultra-luxury hotels and restaurants, and will be home to tens of thousands. pic.twitter.com/mYjF6GhQKC
— Saud Salman AlDossary | سعود بن سلمان الدوسري (@999saudsalman) June 28, 2022
It has been reported that NEOM alone will welcome around 9 million residents to be placed in 300,000 homes. Riyadh is also prepping for one of the biggest projects in its history, known as the Diriyah Gate. This project aims to give residents of Riyadh 20,000 homes in the beautiful and preserved historical district of Diriyah. Aside from the concrete strucutres, Riyadh has also invested $23 billion in the Green Riyadh initiative, which is working towards turning the capital green, by planting 7.5 million trees in and around the city.
Thanks to all these amazing projects, Saudi Arabia is definitely going to transform in diverse ways, attracting a variety of tourists
Property, infrastructure projects in Saudi top $1.1trln since Vision 2030 launch
More than $1 trillion worth of projects have been rolled out in Saudi Arabia since the launch of the Vision 2030 strategy, which seeks to transform the kingdom into an economic powerhouse . pic.twitter.com/DpNQdnX3Wz
— ksacontracting- منصة السعودية للمقاولات (@ksacontracting1) September 6, 2022