08/08/2017

7 mega projects that will change Saudi Arabia

Saudi Arabia has announced last week plans to transform 50 islands and 34,000 sq. km across its Red Sea coast to an international tourist destination

 

Saudi Arabia: Staff writer, Al Arabiya English

8 August 2017    

This year will see many major projects in Saudi Arabia being announced and the ongoing ones gathering pace in line with the objectives in line with its Vision 2030 and National Transformation Program 2020.

King abdullah economic city (Reuters)

The areas where these dramatic developments will unfold will be in the country’s infrastructure, tourism hospitality, healthcare, education and housing. 

Red Sea  Islands
Saudi Arabia has announced last week plans to transform 50 islands and 34,000 sq. km across its Red Sea coast to an international tourist destination.

The project situated between the cities of Amlaj and Hawaj aims to attract wealthy travelers from across the globe. Construction is set to break ground in 2019 and it is aimed that the first part of the project is complete by 2022. Construction costs have not been revealed. 

At this destination, visitors can browse historic ruins in Madaen Saleh dating back to the same ruins in Petra, Jordan.

Al Faysaliya 
The Kingdom had also announced detailed plants about Al Faysaliya last month. The city situated in the West of Mecca, is set to encompass residential units, entertainment centers, an airport and a sea port. 

The project will cover a total area of 2,450 sq. km and is expected to be complete by 2050.

Entertainment City 
Similarly, the Kingdom announced in April plans to construct the largest cultural, sporting and entertainment city in the country. The project is to be situated in Al Qidya located south-west of Riyadh.

ALSO READ: 9 features you can expect to see in the upcoming Saudi entertainment city

The project is set to span a total area of 334,000 sq. km. Constituting this area is a Safari designated attraction and an amusement park under the Six Flags entertainment franchise.

King Abdullah’s Economic City 
King Abdullah’s Economic City is considered as the first city subject to the Kingdom’s free ownership system. 

This project is run by both EMAAR Economic City, a company subject to the Saudi government’s control and Dubai’s EMAAR which is considered the biggest real estate company in the emirate.

It includes establishing a deep sea water port, a 55 sq. km logistics center, a sporting and entertainment center and more 6500 residential estates.

King Abdullah Financial Center
It is expected that King Abdullah’s financial center, perceived to be the Saudi counterpart to Dubai International Financial Center, to attract banks and financial service companies, financial auditors and lawyers, the Saudi financial market (Tadawul) and the Capital Market Authority to one place.

Economic Knowledge City 
The Economic Knowledge City , which is the first city in the Kingdom of Saudi Arabia to be part of the Saudi Smart Cities development program, located in Madinah, will focus on intellectual property, knowledge-based industries, medicine, hospitality, tourism and multimedia.

Residents in the city, which holds an area of 4.8 sq. km, will be able to commute to Mecca and Jeddah through the Haramain High Speed Rail.

Prince Abdulaziz Bin Musa’d Economic City
This is a 156 sq. km multipurpose city  situated in Ha’l north of the Kingdom. Apart from having a residential area, it will also include an international airport, hotels, shopping centers and entertainment facilities.