Saudi are building a new city near Riyadh

By Catherine Sturman
Saudi Arabia has recently announced plans to construct a new city close to Riyadh as part of the country’s 2030 plans. The city will increase economic...

Saudi Arabia has recently announced plans to construct a new city close to Riyadh as part of the country’s 2030 plans. The city will increase economic growth in the region, create increased job opportunities and long-term investment.

The new city will span 334 square kilometres and incorporate recreational and sporting facilities, cultural attractions, safari and theme park, which will be designed by US theme park company Six Flags, with the long term aim to become one of the world’s top 100 cities for living in the world.

Set to be under construction in 2018, the Kingdom’s Public Investment Fund will predominately be financing the extensive project, in addition to both local and international investors.

It will be interesting to see how the project develops due to the country’s strict segregation and dress laws for men and women, and entertainment areas such as cinemas are currently outlawed. However, the development has seen a positive reaction by many in the country, as it seeks to reduce its dependence on the oil industry and diversify its economy and employment opportunities.

The development is set to open in 2022 and will create a new tourist avenue, creating long term advantages.

Follow @ConstructionGL

Read the April 2017 issue of Construction Global 

Share

Featured Articles

Saudi Arabia to build three new stadiums for Asian Cup 2027

Tournament will be hosted across three cities and 10 stadiums, SAFF says

Neoen’s Storen Power Reserve begins construction in Sweden

Notice to Proceed given to Nidec at the end of December 2022, French renewable energy producer says

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Construction Projects

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Construction Projects

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management