A BNC Report on Ongoing Mega Projects commissioned by The Big 5 Saudi 2017 highlights that religious facilities, entertainment venues, and new housing developments are all part of the mega projects currently spurring continued growth in the market
Standing at 1 km high, the tower will comprise of 252 floors and will have a gross floor area of 245,000sqm.
Located in Makkah and consisting of 12 towers standing between 30 to 40 floors sitting on top of a large podium and three basement floors, the Abraj Kudai Development will have approximately 10,150 residential units and hotel rooms.
To be completed by May 2019, the $17.2bn expansion plans of the Holy Haram Mosque will cover an area of 456,000sqm to accommodate the 1.2 million worshippers who visit the Holy site every year.
Undergoing a $6.7bn expansion, with completion estimated by the end of 2017, the project will be spread over an area of 1,020,500sqm.
evelopment will create 100,000 houses and other infrastructure works in the capital. Topping out at $20bn, Dahiyat Al Fursan developments are expected to be completed by March 2020.
To be completed by November 2017, the $7bn oil and gas processing facility will be located in Jazan Economic City.
Developed by Shumool Real Estate, the $1.9bn worth Avenues retail facility will also include two residential towers, two hotel towers, a medical tower and office units.
With 81 stations along its route, the six line system will span across the surrounding regions and integrate many neighborhoods at a value of $24.3bn.
Spread across an area of 866,000sqm including indoor snow parks, shops, restaurants, entertainment areas, residential units, and offices, completion is expected in March 2022.
Valued at $6.6bn with completion due in December 2018, the gas plant will have a capacity of 15 billion standard cubic feet per day (BSCFD) of non-associated gas.