Giga projects spearheading Saudi construction boom

23/03/2025 09:02 AST

The Saudi construction market is experiencing a major transformation, driven by the ambitious goals of Vision 2030. The kingdom aims to diversify its economy and reduce its reliance on oil with 24 transformative mega and giga-projects at the forefront of this shift.

Outstanding developments such as Neom, the Diriyah Project, Jeddah Central and King Salman International Airport are not only reshaping the country's infrastructure but also creating significant opportunities in sectors like tourism, technology and entertainment, according to a report by ResearchAndMarkets.

These large-scale projects are critical to realizing Vision 2030, as they generate jobs, attract foreign investment and position Saudi Arabia as a global leader in innovation and sustainability.

The construction market is booming, offering local and international businesses and subcontractors new opportunities to participate in world-class developments, stated the report.

The successful delivery of these projects is key to Saudi Arabia's economic diversification and long-term growth, aligning with the Kingdom's goals for a sustainable and diversified future.

The Saudi Giga Projects 2025 report offers an in-depth analysis of 24 transformative mega and giga-projects shaping the future of Saudi Arabia. It covers high-profile initiatives and provides comprehensive updates on the current progress of these projects, detailing the key milestones, contractor awards, companies involved and upcoming developments.

The report also highlights critical opportunities within these large-scale projects, focusing on subcontractor involvement and various packages that present potential for business growth, said ResearchAndMarkets.

The ongoing giga projects included Neom - Tabouk; The Line; Oxagon; The Gulf of Aqaba; Trojena; Magna; Sindalah Island as well as key Riyadh projects - Diriyah; New Murabba; Green Riyadh; Riyadh Expo 2030; Sedra Community; Qiddiya City; The North Pole Project; King Salman Park, Landbridge and Dahiyat AlFursan.

The other projects include Jeddah Central Project (Jeddah); Dahiyat Makkah Gate and Thakher City (Makkah); The Red Sea Project and Amaala (Tabouk) as well as AlUla Development and Rua Al Madinah (Madinah).

According to the report, The Rig Resort (Dammam); AlWadi Project - Assir; The Airport City - Jeddah Soudah Peaks - Assir and Nakkasa Development - Makkah are some of the other upcoming projects.

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