Already home to the Middle East’s largest economy, population and construction market, Saudi Arabia is now embarking upon an incredibly ambitious programme of economic diversification and liberalisation in-line with its “Vision 2030” strategy.
Vision 2030 involves a complete refocusing of the national economy away from oil towards the further development of large-scale infrastructure development, real estate, tourism and services. Large-scale construction projects range across a variety of sectors with a particular focus on tourism and hospitality, retail, commercial and residential real estate development.
This massive wave of construction projects - including several new cities - is set to reach a value of $800 billion in coming years, all of which will require international interior design and fit-out services. INDEX Saudi will bring together key buyers including interior designers, architects, government officials, project leads and procurement directors amongst others working on these projects who are looking to source the right mix of interior products and services.
The development will be largely walkable and feature entertainment, leisure, retail and education facilities, as well as homes and offices. Al Widyan will be targeting young families, students, creatives and entrepreneurs with its mix of 20,000 high and low-rise housing units.
The project involves the construction of a luxury tourism destination spanning across 3,800 kms of untouched nature reserves in Saudi Arabia's northwestern coast. The project will include luxury hotels with 2,525 hotel rooms, 700 private villas, 1,496 residential units, a dedicated airport, more than 200 shops, a retail village, marinas, several yachting clubs and an Academy of the Arts.
The project envisages the construction of a shopping mall spanning an area of 866,000 sqmtrs. The project will comprise an indoor snow park, shops built across 300,000 sqmtrs, besides restaurants, entertainment areas, offices, showrooms, luxury hotels, and serviced apartments.
This major Makkah development is one of the kingdom’s largest construction projects, covering an area of 40 hectares and costing $4.4 billion. A mix of towering hotels and residential buildings, once complete, it will have the capacity to host up to 36,000 guests annually, and more than 100,000 during Hajj season.
The project will focus on the development of resorts spread across 28,000 sqkms, including more than 90 natural islands, located between the cities of Umluj and Al Wajho, on the western coast of Saudi Arabia.
Under this project a shopping mall complex will be constructed with a leasable area of approximately 400,000 sqmtrs, housing more than 1,300 stores as well as five multi-purpose towers consisting of hotels, exhibition and conference halls, residential apartments, offices and medical facilities.
Announced in Riyadh in October 2017 with its first phase due to complete in 2025, this unprecedented project will build a new megacity on the Red Sea near Saudi Arabia’s northeast border with Egypt and Jordan and cover an area some thirty-three times the size of New York City.
An entertainment city almost as big as Las Vegas located southwest of Riyadh, this major new development will include theme parks, resorts, hotels and residential units on about 100 miles of sandy coastline on the Red Sea. At a total size of 334 square km, its first phase due to open to the public in 2022.