2025-07-11-莱坊-Saudi_Arabia_Giga_Projects_2024页_1mb

Saudi Arabia Giga Projects Report (2024)

Introduction

The Kingdom’s Vision 2030 drives a transformation towards a diversified economy and real estate sector. Key goals include increasing foreign direct investment, public sector contribution to GDP, and women's workforce participation.

Overview of Giga Projects

• Total Project Value: US$1.3 trillion announced since 2016.
• Contracts Awarded: US$164 billion.
• Pipeline: US$249 billion in planned projects.
• Sector Breakdown:
  • Residential: Over 1 million units.
  • Hotels: 346,000+ keys.
  • Retail: 7.4 million sqm.
  • Office: 7.7 million sqm.

Riyadh Development Plan

• Total Investment: US$195 billion.
• Key Projects:
  • King Salman International Airport.
  • Riyadh Metro (232 km, 101 stations).
  • Riyadh Rapid Transit System.
• Outcomes:
  • 340,000 new homes by 2030.
  • 28,800 new hotel rooms.

Western Saudi Development Plan

• Total Investment: US$685.5 billion.
• Key Projects:
  • NEOM (US$500 billion super-city).
  • Red Sea Global (eco-tourism, 28,000 km coastline).
  • Jeddah Economic City (US$20 billion).

NEOM

• Total Investment: US$500 billion.
• Key Details:
  • Houses 9 million residents.
  • Features “The Line” (US$150 billion, 300,000 homes).
  • Eco-friendly design and sustainability.

Other Regions and National Projects

• National Investment: US$115 billion.
• Key Projects:
  • ROshn National Housing Company.
  • Saudi Entertainment Venture (SEVEN).

Special Economic Zones (SEZs)

• Goal: Industrial diversification and economic growth.
• Examples:
  • King Abdullah Economic City.
  • Jazan Special Economic Zone.

Major Transport & Wellbeing Projects

• Transportation:
  • Riyadh Metro (US$23 billion).
  • Jeddah Metro (US$17.7 billion).
• Wellbeing:
  • Sports Boulevard (US$6.8 billion).
  • Riyadh Green Initiative (4.2 million sqm parks).

Key Statistics

• Population: Expected to grow from 32.2 million (2024) to 37.7 million (2030).
• Non-Oil Revenue: Target 1 trillion SAR by 2030.
• Projects Pipeline: 57 major Giga projects.

Forward-Looking Analysis

• Economic Goals: Achieving Vision 2030 through large-scale infrastructure and economic transformation.
• Future Outlook: Projects will solidify Saudi Arabia’s position as a global hub for trade, tourism, and technological innovation.