Saudi Arabia Giga and Megaprojects

What could be more imagine stimulating, inspiring, uniting, and challenging than the big 'impossible' project? The history of humankind knows such examples: Great wall of China, Pyramids, Panama Canal, First Satellite in Space, First Man in Space, First Man on the Moon, and so on.

Now we learn a new phrase -- 'giga-project'. And what is the difference between a giga- and a mega-project?

The Kingdom of Saudi Arabia is embarking on a giga and mega project development program, funded by the Public Investment Fund (PIF) . The idea of this program is to create new ecosystems, unlock new sectors, diversify the economy, and enable pioneering new technology. There are currently 5 giga-projects in the Kingdom, with several mega-projects underway within each development.

To learn more about giga- and mega-projects, priority sectors and key deals in Q1 2023, as well as special economic zones (SEZs) descriptions read the fresh Quarterly Magazine by INVEST SAUDI : https://investsaudi.sa/en/investment-highlights/resources

1st giga project - NEOM

CEO: Nadhmi Al-Nasr

NEOM will be comprised of 14 economic sectors:

?? Design & Construction

?? Education

?? Energy

?? Entertainment & Culture

?? Financial services

?? Food

?? Health, Wellbeing, & Biotech

??? Manufacturing

??? Media

?? Mobility

???? Sport

?? Technology & Digital

??? Tourism

?? Water

NEOM'S MEGA-PROJECTS (REGIONS)

Sindalah

Stage: first phase launch - 2024

• Ultra-luxury marina close to Europe and Mediterranean
• Advanced technology golfing destination
• Luxury lifestyle experience
• 840,000 sq m area
• 2,400 visitors per day by 2028

Oxagon

Oxagon

Stage: first phase launch - 2024

CEO: Vishal Wanchoo

• World’s largest floating structure
• 13% of global trade through nearby Suez Canal
• High-speed rail to THE LINE and NEOM airport
• 40% of the world accessible within a six-hour flight
• Largest cruise terminal in the Red Sea
• Initial residents by 2024 and logistics up and running by 2025

Trojena

Stage: first phase launch - 2026

• Year-round outdoor skiing and adventure sports
• Folded vertical tourist village
• Man-made freshwater lake
• Advanced technology observatory
• Based on sustainability, state-of-the-art technology and design principles + First tourist arrivals by 2026

THE LINE

Stage: first phase launch - 2030

• Civilizational revolution that puts humans first
• Zero Gravity Urbanism - Vertical layering of city functions in three dimensions
• 95% natural land preservation
• Microclimatic habitats
• Outer mirror fa?ade
• Advanced technology and AI
• First residents by 2030

2st giga project - Red Sea Global

CEO: John Pagano

RED SEA GLOBAL'S MEGA-PROJECTS

THE RED SEA

Stage: first phase launch - 2024

CEO:

• Surrounded by the world's fourth-largest barrier reef system
• +90 untouched islands, pristine beaches, dormant volcanos, sweeping desert dunes, mountain canyons and historical cultural sites
• 50 hotels, 8,000 rooms, up to 1,000 residential properties and its own international airport by 2030
• Aim to achieve a 30% net positive islands' conservation benefit by 2040

AMAALA

Stage: first phase launch - 2024

CEO:

• Exclusive luxury wellness & sports retreats
• Respecting the Red Sea’s unique ecology
• Dedicated airport
• Sustainable at every phase

3rd giga project - ROSHN l ????

Group CEO: David Grover

ROSHN'S MEGA-PROJECTS (COMMUNITIES)

SEDRA

SEDRA is an integrated community inspired by the designs of Salmani architecture. It encourages residents to connect and enjoy nature as part of their daily life.

Stage: first phase launch - 2022

Where: Riyadh, Saudi Arabia

• 20M sqm Total Land area
• ?30K+ Homes
• ?300+ Amenities

ALAROUS

ALAROUS Community is inspired by the historical city of Jeddah architecture that blends modern and traditional design to emphasize Saudi Arabia’s rich culture and heritage.

Stage: first phase launch - 2022

Where: Jeddah, Saudi Arabia

• 4M sqm Total Land area
• 30K+ Homes
• 300+ Amenities

WAREFA

Stage: first phase launch - 2023

Where: Riyadh, Saudi Arabia

• 1.4M sqm Total Land area
• 2K+ Homes

ALFULWA

Stage: first phase launch - 2022

Where: Eastern Province, Saudi Arabia

• 10.8M sqm Total Land area
• 18K+ Homes

4th giga project - Diriyah Gate Development Authority

Group CEO: Jerry Inzerillo

• Investment opportunities across construction, hospitality, retail and entertainment sectors
• 7 sq km mixed-use historic, cultural and lifestyle destination
• 100,000 projected population
• SAR 64B ($17B) global tourism destination
• 20+ luxury and ultra-luxury hospitality venues
• 25M local and international visitors annually
• Historical and cultural heart of Saudi Arabia
• 30+ cultural attractions, including museums and academies
• Diriyah Community Entrepreneurship Program launched in 2022 to support entrepreneurs and businesses

5th giga project - Qiddiya | ??????

CEO: Philippe Gas

QIDDIYA'S MEGA-PROJECT

SIX FLAGS QIDDIYA

Six Flags Qiddiya – a theme park that spread across six themed lands, the park features a range of record-breaking rides and attractions including the gravity-defying Falcon’s Flight – the world’s longest, tallest and fastest coaster.

Stage: under development

Where: Riyadh, Saudi Arabia

Park President: Brian Machamer

• The Kingdom's first of its kind theme park
• Spread across 32 hectares (79 acres)
• 28 rides and attractions
• 6 themed lands

NEW MURABBA

Announced on February 2023, the project will cover an area of 19 square-kilometres, and will have over 25 million square metres of floor area.

• Will addSAR 180B ($48B) contribution to non-oil GDP
• Premium investment destination for the hospitality sector, with retail, cultural and tourist attractions
• Technology and design universities to be developed to grow the pool of local talent
• Over 104,000 residents and 334,000 direct and indirect jobs by 2030
• Green areas and walking and cycling paths that will enhance the quality of life by promoting healthy, active lifestyles and community activities
• The downtown’s main attraction will feature a cube-shaped skyscraper, reportedly large enough to fit 20 Empire State Buildings - The Mukaab - will be one of the “largest built structures in world”.

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