Upcoming Projects In Saudi Arabia

The recovery in oil prices accompanied by the launch of a series of megaprojects including the 500bn neom future city project marks a new era for the saudi economy under king salman bin abdulaziz al saud.

Upcoming projects in saudi arabia. The finance ministry is understood to have instructed government agencies to submit proposals for cuts of between 20 and 30 in their 2020 budget. One that promises wonderful investment and business opportunities. Several contracts have been awarded already for early stages of the project and it is now expected that the facility will be completed by 2028. Neom the red sea project qiddiya entertainment city amaala jean nouvel s sharaan resort in al ula makkah grand mosque third expansion jeddah tower ministry of housing s sakani homes jabal omar al widyan riyadh metro riyadh rapid bus.

The project will start on december 19 2019 and entails installing and commissioning 10 million smart metres for consumers across saudi arabia. The most anticipated project in the kingdom qiddiya is expected to be saudi arabia s pre eminent entertainment sports and cultural destination the first phase which opens to the public in 2023 will include more than 45 individual projects and 300 activities in the creative hospitality leisure and sports sector. But one that also introduces significant changes to the saudi market. These are saudi arabia s top construction projects of 2019.

Saudi electricity company sec website. Saudi aramco hope to have the technology commercially ready by 2021 so it is highly likely that the yanbu cotc project could be one of the first to fully incorporate it. Saudi arabia announced major austerity measures to cope with the impact of the coronavirus pandemic and an oil price rout tripling its value added tax vat to 15 and cutting a cost of living allowance for government workers. Image via the national 3.

First unveiled by crown prince mohammed bin salman in 2017 this 500 billion high tech city is the flagship project of saudi arabia s post oil diversification plan known as vision 2030 that seeks.