Page 59 - March 2021

Mall of Saudi
Riyadh, Kingdom of Saudi arabia
developer, Majid al futtaim

200 retail outlets including state-of-the-art amenities such as University of Science and Technology and the King Abdullah
a gymnasium, kids play area, community garden and running Petroleum Studies and Research Centre.
‘
and jogging tracks. The development is set to transform the Saudi Arabia’s Vision 2030’ is a strategic blueprint to transform
urban landscape of Abu Dhabi when it opens in 2022, with its and modernise Saudi Arabia, creating new sources of revenue
strategic importance of the capital at both cultural and social and job creation for the Kingdom to reduce its reliance on
level with its future vision of live, work and play model and industries more traditionally associated with the nation such
with a focus on creating and delivering an exceptional and as oil. Tourism plays a huge role in this, and the tourism Giga-
memorable experience. Projects that are being built are critical to the success of the
Developed by Shurooq, Khorfakkan Beach is a 1km long pledge to raise tourism revenue from the current three per
ribbon pristine beach and a sparkling bay, nestled at the foot cent of GDP to ten per cent of GDP by 2030.
,
of a gently sloping mountain that meets the Arabian Sea. Less The predominant Giga-Projects – Amaala, Neom, Qiddiya
than an hour’s drive from Sharjah city, Khorfakkan Beach is an and the Red Sea Project – are being funded and developed
easy day trip or weekend getaway, offering stimulating value by the Public Investment Fund (PIF), a sovereign wealth fund
for all visitors. The destination includes a jogging and cycling owned by Saudi Arabia. Together the projects are being touted
track, a sports court for football and basketball, a selection as the most ambitious projects on Earth utilising technology,
of water sports and a central promenade with restaurants sustainability and natural landscapes.
and coffee shops. Amaala is a luxury tourism project located on Saudi
Arabia’s north-western coast that is inspired by the Red Sea.
GiGa-PRojECTS iN KSa The scheme is rooted in philanthropy and will be composed
The Kingdom of Saudi Arabia is in the midst of developing a of three communities based on the pillars of Art & Culture,
number of large-scale, complex and multi-purpose construction Wellness & Sports and Sun, Sea & Lifestyle. Operating under
projects that aim to transform the wider economy. Being the patronage of His Royal Highness Prince Mohammad bin
constructed as part of Saudi Arabia’s Vision 2030, these Salman bin Abdulaziz Al-Saud, Crown Prince, Deputy Prime
Giga-Projects follow-on from earlier King Abdullah-era mega- Minister and Minister of Defence, the Public Investment Fund
projects that included such schemes as the King Abdullah (PIF) Development Management Organisation established the

1364 SHoPPiNG CENTRE
Riyadh, Kingdom of Saudi arabia
developer, unified Real Estate development Co.