More Giga Projects in Saudi

Saudi Arabia, a nation known for its rich history and vast deserts, is currently in the midst of a monumental transformation. The Kingdom is embarking on an ambitious journey to diversify its economy, reduce its dependency on oil revenues, and create a sustainable and prosperous future. At the heart of this transformation are the New Giga Projects—bold and visionary initiatives aimed at catapulting Saudi Arabia onto the global stage as a hub for innovation, technology, tourism, and industry. In this post, we will explore some more of these groundbreaking projects.

The New Giga Projects in Saudi Arabia are part of the country’s ambitious Vision 2030 plan, spearheaded by Crown Prince Mohammed bin Salman (who also told us that Vision 2040 is already in the works). This comprehensive blueprint outlines a path to diversify the Saudi economy, boost tourism, and enhance the quality of life for Saudi citizens. The New Giga Projects are pivotal to achieving these objectives and there are more announced every day.

In this post we explore some further projects that are of significance. If you want to learn even more you can download our FREE Guide to 10 Opportunities that you may not have heard of… yet.

Amaala: The Riviera of the Middle East

Amaala, situated along the Red Sea coast, is designed to be an ultra-luxury destination, offering a blend of wellness, arts, and cultural experiences. It aims to attract high-net-worth individuals and travellers seeking exclusivity.

• Wellness and Well-being: Amaala focuses on holistic wellness, featuring wellness resorts, medical facilities, and rejuvenation centres. It aims to become a global centre for health and well-being, bringing together the best in wellness from around the world.
• Art and Culture: The project includes an arts district with galleries, performance spaces, and immersive cultural experiences, attracting art aficionados and enthusiasts.
• Exclusivity and Privacy: Amaala’s design prioritises privacy and exclusivity, catering to the needs of discerning travellers seeking a discreet and luxurious escape.

Al Ula: Unlocking the Cultural and Historical Treasures

Al Ula, in the northwest of Saudi Arabia, is home to remarkable archaeological sites and natural beauty. The Royal Commission for Al Ula (RCU) aims to transform the area into a premier cultural, heritage and tourism destination.

• Archaeological Sites: Al Ula is home to the UNESCO World Heritage Site Madain Saleh (Al-Hijr), known for its rock-cut tombs and ancient Nabatean civilisation remnants.
• Sustainable Tourism: The RCU is focused on sustainable tourism development, balancing heritage conservation with responsible tourism practices to protect and showcase Al Ula’s cultural and natural assets.

Jeddah Tower: Touching the Sky

Located in Jeddah, and formerly known as Kingdom Tower, Jeddah Tower is set to become the tallest building in the world upon completion. This iconic skyscraper is a symbol of Saudi Arabia’s ambitions and modernisation efforts.

• Architectural Marvel: Jeddah Tower will soar to a height of over 1,000 meters and feature innovative design and cutting-edge technology, including a luxury hotel and residential apartments.
• Economic Hub: The tower aims to attract international businesses, investors, and tourists, contributing to Jeddah’s status as a major economic and tourism hub.

Red Sea International Airport: Enhancing Connectivity

The Red Sea International Airport is set to become a major transportation hub on the west coast of Saudi Arabia. Located in the NEOM region, it will support the economic and tourism development of the area and the first inaugural flight already took place this September (2023).

• Global Connectivity: The airport aims to provide international and domestic connectivity, facilitating travel to and from the NEOM region and promoting economic activities.
• Sustainable Design: Environmental sustainability is a key consideration in the airport’s design, incorporating energy-efficient features and sustainable practices. The airport is powered by renewable energies only.

These initiatives not only aim to diversify the economy but also position Saudi Arabia as a global hub for innovation, technology, tourism, and industry. They reflect the country’s commitment to sustainability, conservation, and improving the quality of life for its citizens.

As these projects come to fruition in the coming years, they have the potential to transform Saudi Arabia into a global leader in various sectors, offering huge and lucrative opportunities for investors, entrepreneurs, and travellers from around the world.

The New Giga Projects are not just ambitious ventures; they are a testament to Saudi Arabia’s determination to shape a brighter and more prosperous future for generations to come. You can stay up to date with new developments and news from the region by joining our FREE Newsletter and our Middle East Hub for extra support.

And if you want to learn more about the initial projects, read our first Giga Projects Blog here.