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MENA – Giga-Projects

A New Vision

Saudi Arabia’s Giga-Projects are a series of large-scale development initiatives aimed at diversifying the country’s economy, creating jobs and attracting foreign investment. The projects are part of the Vision 2030 plan, which aims to transform Saudi Arabia into a global hub for business, trade and tourism.

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Amaala, Saudi Arabia
Developer: Red Sea Global

Gigs-Projects Across Saudi Arabia
A place of extraordinary human and natural heritage, AIUIA invites visitors to come on a journey through a living museum of preserved tombs, sandstone outcrops, historic dwellings and monuments, both natural and human-made, holding 200,000 years of largely unexplored human history. The Kingdom of Saudi Arabia has long been a crossroads of ancient civilisations — a place of deep history, but one that is constantly evolving and AlUla is an extraordinary example of this. Developed by the French Agency for the development of AIUIa (Afalula) and the Royal Commission for AIUIa (RCU), AIUIa is at the forefront of the Vision 2030 plan initiated by the Saudi government to modernise the country, with the project part of a series of major schemes to diversify its economy and raise its profile from an international perspective.

Inspired by arts, wellness and the purity of the Red Sea, AMAALA is the world’s first integrated family wellness destination, offering unique and restorative guest experiences for all. Hidden in plain sight on Saudi Arabia’s north-western coast and under construction by developer Red Sea Global, AMAALA will be home to more than 3,000 hotel rooms, residential establishments, recreational facilities, a world-leading marine life institute and iconic Yacht Club, all set within an area of outstanding natural beauty. AMAALA is due to complete in 2027. Its first phase, Triple Bay, is scheduled to finish in 2024. It includes eight resorts with more than 1,300 hotel rooms and it will be a place where guests will be able to reach new levels of wellbeing with its holistic, comprehensive wellness offer.

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Bujairi Terrace, Diriyah, Riyadh, Saudi Arabia
Developer: Diriyah Company

Just 15 minutes northwest of Riyadh, Diriyah is the home of the At-Turaif UNESCO World Heritage Site, a beautifully preserved mud-brick city that was the birthplace of the Kingdom of Saudi Arabia, the capital of the First Saudi State and the original home of House Al Saud. Combining traditional Najdi architectural styles with modern urbanism, Diriyah is a place that emotionally connects with visitors and celebrates the destination’s rich heritage, revealing the origins of modern Saudi Arabia and the spiritual values it is rooted in. This $63.2bn development, a giga-project being developed by Diriyah Company under the ownership of the Public Investment Fund, offers a unique opportunity to visit, live, work, shop, dine and celebrate the wonder of Saudi Arabia’s rich heritage and culture. Designed to be a sustainable landmark, Diriyah is delivering initiatives focused on water conservation, energy efficiency, wellness, culture and heritage preservation and climate change resilience. This new city is 100 per cent walkable, promoting a healthy population. The first part of Diriyah, Bujairi Terrace, launched back in December last year and features a collection of 21 globally renowned restaurants over a 15,000sq m area.

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Jeddah Central, Jeddah, Saudi Arabia
Developer: Jeddah Central Development Company

The Jeddah Central project by developers Jeddah Central Development Company, a wholly-owned subsidiary of the Public Investment Fund stands out for its strategic location distinctive space, situated on an area of 5.7 million square metres in the centre of Jeddah. The project intends to establish a world destination, capitalising on Jeddah’s geographical location on the Red Sea coast and proximity to Makkah and Madinah, popular year-round tourist and pilgrimage destinations. This massive project will be implemented in three major phases, the first of which will be completed by the end of 2027. At this point, the project will begin welcoming Jeddah residents and visitors from within and outside the Kingdom. The scheme with a waterfront of 9.5km, will include a world-class marina ready to receive yachts from inside and outside the Kingdom, complemented by an exceptional 2.1km of sandy beach on the Red Sea coast. The project will contain four outstanding landmarks: An opera house, a museum, a sports stadium and the oceanarium.

Largely complete now as construction begun before the initial announcement of the ‘Vision 2030 plan’, the King Abdullah Financial District is an iconic destination known for its world-class commercial offices and retail spaces, with contemporary residences, a unique entertainment offering and advanced smart city solution, the KAFD experience welcomes visitors to join its vibrant community as it redefines urban living. KAFD is a one-of-a-kind destination that offers a 24/7 eco-system, combining stunning residential towers, advanced office spaces, exclusive retail and F&B experiences, outstanding hotels and unique entertainment facilities. A destination that allows you to live, work and play, supporting a lifestyle that provides convenience and accessibility personalised for you. The scheme is currently under development by King Abdullah Financial District Development and Management Company.

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King Salman Park, Riyadh, Saudi Arabia
Developer, The King Salman Park Foundation

King Salman Park was launched by the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud on 19 March 2019. The King Salman Park Foundation, responsible for the construction and operation of the park, is chaired by HRH Prince Mohammed Bin Salman Bin Abdulaziz, Crown Prince and Prime Minister. The Park aims at providing a variety of sports, cultural, artistic and recreational options to the residents and visitors of Riyadh, therefore, improving the quality of life in the city in line with Saudi Vision 2030’s goals of a vibrant and healthy society and raising Riyadh’s global ranking. King Salman Park is currently being built on more than 16sq km and will become the largest urban park in the world when complete, offering a wide range of options and quality activities for the city’s residents and visitors. It will include vast open green spaces covering more than 11.6sq km and more than one million trees. It will also be home to the Royal Arts Complex, which will feature a national theatre with a seating capacity of 2,500, five museums, an outdoor theatre with a capacity of 8,000, a complex with three cinema halls, four art academies and an educational centre for children. Meanwhile the sports and entertainment facilities will include a Royal Golf Course of 850,000sq m, a sports complex that is 50,000sq m in size and a 100,000sq m amusement park among other elements.

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MASAR, Makkah, Saudi Arabia
Developer: Umm Al Qura for Development & Construction

Umm Al Qura for Development & Construction is the owner and developer of MASAR destination that works with a developmental vision to elevate the urban and investment landscape of Makkah through pioneering the development of Masar destination and exploring new avenues to help improve the quality of life for Makkah residents, pilgrims and visitors. Masar is an exquisite urban destination offering unparalleled experiences that are seamlessly designed to the unique needs of each visitor to inspire every journey. Extending over 1.2 million square metres and with its strategic location at the centre of Makkah, Masar will be a distinctive landmark, enhancing the quality of life of the people of Makkah and its guests through a diverse range of offerings that vary between hospitality, mobility, retail, culture, entertainment and more. All the while preserving the spiritual nature and cultural heritage of the place and elevating its economic potential. The targeted date for completion by the developer is currently 2035.

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Mohammed Bin Salman Nonprofit City, Riyadh, Saudi Arabia
Developer: Mohammed bin Salman Foundation (Misk)

Mohammed Bin Salman Nonprofit City is the world’s first non-profit city: a regional and global centre incubating innovative, educational and creative industries. Located in Riyadh, Saudi Arabia, the city enables the leaders of tomorrow by unlocking the potential of youth in Saudi Arabia. Being designed as a 15-minute city, visitors can reach everywhere in Mohammed Bin Salman Nonprofit City by car, bus, metro, bike and even on foot. The city is designed to be accessible by all means of transport, with safety and speed as priority. The development invites an active lifestyle, with 44 per cent of the project open green spaces, parks and trails – it also features an inspiring sports program that is available to all. The scheme is under construction by Mohammed bin Salman Foundation (Misk).

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The Mukaab, New Murabba, Riyadh, Saudi Arabia
Developer: New Murabba Development Company

Saudi Arabia has launched a new project which is set to be the world’s largest modern downtown – New Murabba, scheduled for completion in 2030, the megaproject will house one of the largest built structures in the world, The Mukaab. Inspired by the modern Najdi architectural style, the Mukaab will feature first-of-its-kind facilities and will be an immersive destination that blends digital and virtual technology with the latest holographics. The “Mukaab” will encompass a tower atop a spiral base and a structure featuring two million square metres of floor space that will be a premium hospitality destination with a multitude of retail, cultural and tourist attractions, along with residential and hotel units, commercial spaces and recreational facilities. The structure will measure 400m x 400m x 400m, big enough to hold over 20 Empire State Buildings – the 102-storey New York skyscraper. The Mukaab, being developed by New Murabba Development Company will also hold the world’s largest open-air entertainment space measuring 160,000sq m and sitting 400m high at the top of the structure. The site will offer 360-degree views of Riyadh.

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NEOM, Saudi Arabia
Developer: NEOM

Meanwhile NEOM is a region in the north west of the Kingdom of Saudi Arabia. NEOM means ‘new future’ and with more than 3,600 staff – from 97 countries – already living and working here onsite, it is already a home for people who dream big and want to be part of building a new economic model for the country and the world. NEOM, also the developer, is already under construction and the first destinations will come online in 2024. The project is phased, with OXAGON also getting its first residents in 2024 and TROJENA becoming a place to live, work and holiday in 2026. The first modules of THE LINE will also be activated in 2026 and by 2030, where some one million people will become residents in NEOM, rising to nine million in 2045. The Line is just one section of this ground-breaking development. THE LINE is set to be a cognitive city stretching across 170km, from the epic mountains of NEOM across inspirational desert valleys to the beautiful Red Sea. A mirrored architectural masterpiece towering 500m above sea level, but a land-saving 200m wide. THE LINE redefines the concept of urban development and what cities of the future will look like.

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Qiddiya, Saudi Arabia
Developer: Qiddiya Investment Company (QIC)

Qiddiya will be a disruptive destination city recognised on the world stage as the home of the most innovative and immersive experiences. Qiddiya will be a vibrant and liveable destination city based on pillars of Entertainment, Sports and Culture. Family-friendly theme parks, sports arenas suitable for international competitions, academies for sports and the arts, concert and entertainment venues, racetracks for motorsport enthusiasts as well as outdoor and adventure activities alongside nature and environment experiences are just some of the fun attractions being developed. Qiddiya will also include a variety of real estate options and community services. In short, Qiddiya will be a place that enables the youth of Saudi Arabia to fulfil their ambitions. It will be a place where they enjoy, appreciate, aspire, advance and nurture their potential; a place that unlocks opportunities and new professional pathways to help build a more prosperous and progressive society. Being developed by the Qiddiyah Investment Company, this multi-billion-dollar entertainment destination in Riyadh is set to become the world’s largest entertainment city.

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MARAFY, Jeddah, Saudi Arabia
Developer: ROSHN

Unlike Saudi’s other giga-projects, ROSHN is delivering new urban communities across the Kingdom. Backed by the PIF, the real estate developer is creating communities through its projects Alarous, Alfulwa and Sedra. These schemes will feature pedestrian-friendly ‘living streets’, green spaces and retail and entertainment outlets, as well as hospitals, medical centres, mosques and sports facilities. Having been established in 2019 by Saudi Arabia’s sovereign Public Investment Fund (PIF), ROSHN specialises in developing integrated urban neighbourhoods featuring residential communities with modern standards across the Kingdom. Soon after launching in November 2020, the real estate giant unveiled its first project, which is what is known today as Sedra. Spread across 20sq km, the scheme comprises more than 30,000 homes and is an integral part of ROSHN’s 10-year mandate to develop communities across the Kingdom. The giga-project also aims to raise the rate of homeownership to 70 per cent in the country and the design of SEDRA is inspired by Salmani architecture. More recently, ROSHN announced MARAFY, a transformative, mixed-use development in north of Jeddah that will accommodate over 130,000 residents. MARAFY will provide a new waterfront around its manmade canal which will add a new destination to the north of Jeddah. The 11km long and 100m wide navigable canal will connect to and extend Obhur Creek, will be surrounded by multiple unique districts, it is the first canal ever to be built in Saudi Arabia, and ROSHN’s first fully mixed-use development.

Saudi Downtown Company, a master and lead developer owned by the Public Investment Fund (PIF), the key enabler of the advancement of the Kingdom’s vision, is working on the Saudi Downtown project, a collection of modern, mixed-use downtown’s and destinations with diverse local cultures in 12 Saudi Arabian cities – Arar, Dumat, Al Jandal, Tabuk, Hail, Buraydah, Al Madinah, Al Khobar, Al Ahsa, Taif, Al Baha, Jizan and Najran. Each of the downtown projects will be a mixed-use scheme that will provide a platform to enhance lifestyles and promote economic growth across the dozen different cities. In total, the projects will cover around 10 million square metres of land area.

Created with the idea of ‘making tomorrow more entertaining’ and owned entirely by the Public Investment Fund, SEVEN is a company providing the backbone for attaining Saudi Vision 2030’s goal of a more prosperous society backed by a restructured economy, they aim to draw on their expertise to create an amazing world of joy, seeking a brighter tomorrow for Saudi entertainment. SEVEN is investing more than SAR 50bn to build 21 entertainment destinations which will provide unique and innovative world-class entertainment experiences and global partnerships from within the sector. SEVEN recently announced the beginning of construction of its entertainment destinations in the Al Hamra district of Riyadh and Tabuk. The upcoming projects are located in 14 cities across the Kingdom: Riyadh, Kharj, Makkah, Jeddah, Taif, Dammam, Khobar, Al Ahsa, Madinah, Yanbu, Abha, Jazan, Buraidah, and Tabuk.

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The Red Sea, Saudi Arabia
Developer: Red Sea Global

Red Sea Global is behind The Red Sea, another giga-project in Saudi Arabia with a focus on eco-tourism. Formerly known as the Red Sea Project, The Red Sea is on track to welcome its first visitors in 2023. It is billed as the world’s most sustainable luxury tourism destination. Directly employing 35,000 people, the project showcases the landscape and rich cultural heritage of the Red Sea Coast. Upon completion in 2030, the destination will comprise 50 resorts, offering up to 8,000 hotel rooms and more than 1,000 residential properties across 22 islands and six inland sites. The destination will also include luxury marinas, golf courses, entertainment, leisure facilities and an international airport. The project is being developed over 28,000sq km along Saudi Arabia’s west coast including more than 90 islands. The destination will include hotels, residential properties, leisure, commercial and entertainment amenities, as well as supporting infrastructure that emphasises renewable energy and water conservation and re-use.


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