National Construction Projects
King Abdullah Financial Center (KAFD)
The King Abdullah Financial Center (KAFD) reflects the vision of King Abdullah bin Abdulaziz and supports Saudi Arabia's Vision 2030 by enhancing Riyadh’s economy. Following its acquisition by the Public Investment Fund, KAFD has evolved into a prominent global hub for business and lifestyle. Spanning 3.2 million square meters, the center includes 2,900 residential units and 6,100 luxury hotel rooms. It also features Riyadh’s tallest tower at 385 meters, with 80 floors, and is recognized with the LEED Platinum certification for its environmental sustainability.
Expo Riyadh 2030
Saudi Arabia's Vision 2030 outlines a path to create a vibrant society, thriving economy, and ambitious nation. Riyadh Expo 2030 presents a unique opportunity for the Kingdom to showcase its transformation to the world. The event will span over 6 million square meters, attracting 40 million visitors and one billion virtual reality visits, with 246 participants from countries and organizations globally.
King Salman International Airport
King Salman International Airport in Riyadh, covering 57 km², will feature six parallel runways and expand passenger capacity from 29 million to 120 million by 2030, and 185 million by 2050. The project, supervised by the Public Investment Fund, includes lounges, residential, entertainment, and logistics facilities. It aims to handle up to 3.5 million tons of cargo by 2050.
Square project
The Murabba, a massive cubic structure measuring 400m x 400m x 400m, will be one of the world's largest landmarks, blending modern Najdi architecture with advanced technologies. It will feature a tower on a spiral base and offer a unique mix of hospitality, retail, cultural, tourism, residential, commercial, and entertainment spaces. This ambitious project is part of the Public Investment Fund's strategy to reshape urban development and foster growth in key sectors within Saudi Arabia.
Qiddiya project
Qiddiya, a vibrant new destination located just 40 minutes from Riyadh in the Tuwaiq Mountains, will be easily accessible via highways and the city's public transport network. It will house over 600,000 residents and attract millions of visitors annually, offering a mix of entertainment, sports, culture, and residential areas. Spanning 360 km², the project is expected to create 325,000 job opportunities and contribute 135 billion riyals to the GDP once fully operational.
NEOM Gulf of Aqaba
NEOM’s Gulf of Aqaba projects, including Liga, Ibecon, Serana, Otamo, Norlana, and Aquilum, will offer luxurious, experiential spaces within the mountains of northwest Saudi Arabia. These futuristic developments, blending cutting-edge technology with sustainable architecture, aim to create an underground digital society harmoniously integrated with nature. Featuring accommodations, retail spaces, leisure areas, and innovation centers, the projects will redefine traditional design, providing guests with immersive, forward-thinking experiences.
National Industrial Projects
Saudi Arabia's Vision 2030 aims to enhance regulations and implement reforms across various sectors, focusing on a thriving, competitive industrial sector driven by non-oil exports, foreign investments, and innovation. The National Strategy for Industry is expected to significantly boost the economy, increasing the GDP from 331 billion riyals in 2020 to 895 billion riyals by 2030. The strategy will also double job opportunities from 0.9 million to 2.1 million and industrial exports from 169 billion riyals to 557 billion riyals by 2030.
National Agricultural Projects
The Saudi Green Initiative, launched by Crown Prince Mohammed bin Salman, aims to tackle climate change, improve quality of life, and protect the environment, targeting carbon neutrality by 2060 through the circular carbon economy. It includes planting 10 billion trees, reducing emissions, and preserving land and marine areas. With over 77 programs and investments of 700 billion riyals, the initiative also supports agricultural projects, such as the Kingdom’s thriving dairy industry and the Al-Jouf olive farm, the world’s largest, alongside its status as the leading date producer with over 35 million palm trees.
National Mining Projects
The Saudi government has prioritized the mining sector, with a rich history of exploration dating back over 900 years. Crown Prince Mohammed bin Salman revealed that Saudi Arabia's mineral wealth is valued at $1.3 trillion, including $240 billion in gold deposits. The Kingdom is developing national mining projects, such as the discovery of a gold mine extending 100 km from the Mansoura and Masara mines, and Waad Al-Shamal's phosphate mining projects. The north of the Kingdom is rich in minerals, and Saudi Arabia aims to make mining the third pillar of its economy, diversifying beyond oil.
Logistics Services
The logistics sector is crucial to Saudi Arabia's transportation strategy, given its strategic location at the crossroads of global trade routes. The Kingdom, bordered by the Arabian Gulf and the Red Sea, handles a third of the world’s oil exports and 13% of global trade. With over 6 billion people within its market reach, Saudi Arabia has become a regional economic powerhouse, contributing 38% of the Gulf’s GDP. In 2021, Crown Prince Mohammed bin Salman launched the National Strategy for Transport and Logistics Services to position the Kingdom as a global logistics hub, enhancing infrastructure, transportation, and service integration.
Gas and Petrochemical industry
Saudi Arabia’s gas and petrochemical industry plays a crucial role in the Kingdom’s economy, leveraging its vast reserves of oil and natural gas. This sector drives job creation, technological innovation, and provides essential energy and chemical products used in industries like plastics, fertilizers, chemicals, and pharmaceuticals. The Kingdom has announced a major increase in proven reserves in the Jafurah field, the largest non-associated gas field in Saudi Arabia and potentially the world’s largest shale gas project. The field, which requires an estimated $110 billion in investment, holds around 229 trillion standard cubic feet of gas, supporting efforts to diversify energy sources and strengthen the economy.
Renewable energy
Saudi Arabia has been investing in renewable energy for over 38 years, beginning with the inauguration of the King Abdulaziz City for Science and Technology research station in 1980, known as the Solar Village Project. The Kingdom's geographic location offers abundant solar resources, prompting large-scale projects such as those in NEOM, Dumat al-Jandal, and Sakaka. As one of the world’s largest investors in renewable energy, Saudi Arabia aims to generate 50% of its electricity from renewable sources by 2030, with targets set to raise solar energy capacity to 20 GW by 2023 and a total of 58.7 GW of renewable energy by 2030.
