Gigaprojects create a new approach to smart cities in Saudi Arabia – Construction Week Online

Gigaprojects create a new approach to smart cities in Saudi Arabia – Construction Week Online

Real estate, construction, and infrastructure projects, as well as the development of multi-billion dollar gigaprojects, are helping Saudi Arabia achieve its goals in keeping with the national vision.

In October 2021, HRH Prince Mohammed bin Salman bin Abdulaziz, Saudi Arabia’s Crown Prince, Deputy Prime Minister, and Chairman of the Council for Economic and Development Affairs announced that more than $7tn (SAR27tn) will be invested into the Saudi economy in the next decade, under the National Investment Strategy (NIS).

As per the ambitious Vision 2030 plan, tourism plays a key role in achieving this goal through the implementation of the gigaprojects such as The Red Sea Project, AMAALA, AlUla, Qiddiya, Diriyah Gate, ROSHN, and NEOM among others.