Construction grows at an “accelerated pace” in Saudi Arabia

Photo by ekrem osmanoglu on Unsplash
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Over the last decade, Saudi Arabia has seen some of the largest scales of construction investment. This is in line with the kingdom’s economic reforms as part of its Vision 2030, which aims to increase non-oil revenue.

Real estate, construction, and infrastructure projects, as well as the development of multibillion-dollar mega and gigaprojects, are all helping the oil-rich nation achieve its goals.

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Some of these monumental projects are the 28,000km2 The Red Sea Project, the $500bn (SAR1.9tn) NEOM, the 367km2 Qiddiya, AMAALA, Diriyah Gate, ROSHN, the 23,000km2 AlUla, the $4.3bn Jabal Omar Development, King Salman Energy Park, as well as transport projects such as Jeddah Metro and Riyadh Metro, and airport projects such as the Red Sea International Airport and AlUla International Airport.