Page 52 - March 2023 #179

VOYAGER - KSA & GIGA-PROJECTS

A Vision Like No Other

The Saudi Vision 2030 was announced by Crown Prince Mohammed bin Salman in 2016 and seeks to
transform Saudi Arabia to diversify the largest economy in the Middle East away from its historic dependence
on oil. Over the coming pages RLI will take a closer look at the five major giga-projects under construction
across KSA as well as a selection of mega-projects that are also being built in the Kingdom.

he Saudi Arabia giga-project program is the world’s The Five Saudi Arabian Giga-Projects
largest civil infrastructure engineering program covering Diriyah
Tthe development of residential, industrial and tourism As part of the Kingdom’s 2030 Vision, the Diriyah Gate Development
projects in the Kingdom. The program is the centrepiece of the Authority (DGDA) is transforming Diriyah into what will become the
Saudi Arabia 2030 Vision aimed at transforming the Kingdom world’s largest cultural and heritage destination. Located 15 minutes
into a tourism and entertainment hub while creating hundreds of from Riyadh, Diriyah will become the world’s largest cultural and lifestyle
thousands of new jobs. mud city. Celebrating 300 years of Saudi Arabian history and heritage,
These upcoming giga-projects are designed to create new Diriyah is destined to become a world-class lifestyle destination with
ecosystems, unlock new sectors and are heavily enabled by and Saudi’s greatest collection of museums and cultural attractions, luxury
promote technology and knowledge in Saudi Arabia. The idea behind international hotels and resorts and luxury retail, leisure and dining
them is to stimulate the economy and their benefits are expected experiences. Built in the fifteenth century and listed as a UNESCO
to expand significantly beyond the real estate and infrastructure World Heritage Site in 2010, it was here that Diriyah’s ruling family lived
sectors, helping to diversify the economy away from oil, especially under the leadership of Imam Mohammad bin Saud, the forefather of
given their sheer scale. They support the Kingdom’s economic Saudi Arabia’s current King, the Custodian of the Two Holy Mosques
transformation efforts and promote investments in several sectors, King Salman bin Abdulaziz Al Saud. A SAR 65bn cultural and lifestyle
while achieving high returns over the medium and long terms. development, inspired by the timeless Najdi architecture of At-Turaif,

Diriyah, Saudi Arabia
Developer: DGDA