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Saudi Arabia’s top 10 mega projects valued at $92 billion

Numerous high value projects that are ongoing in Saudi Arabia are drawing much attention for both the scope of design and value. According to a BNC Report on Ongoing Mega Projects commissioned by The Big 5 Saudi 2017, Saudi’s top 10 construction projects are worth a collective $92 billion.
Religious facilities, entertainment venues, and new housing developments are all part of the mega projects that are getting international attention and driving the construction market forward in 2017.

Taking an in-depth look at what is revolving currently in the Saudi market, the urban construction and transport sectors constitute approximately 68% of the total projects’ value in the country, estimated at $700 billion.
While exploring key prospects and developments within the local construction industry, organizers of Saudi Arabia’s largest construction event, The Big 5 Saudi, dmg events Middle East, Asia & Africa, released a report on the country’s Top 10 Mega Projects.

Slated to open with much anticipation is the Kingdom Tower, located in Jeddah. Standing at 1 km high, the tower will comprise of 252 floors and will have a gross floor area of 245,000 square meters. It will include offices, a 200-room Four Seasons Hotel, 121 serviced apartments and 360 residential apartments. It will also have several sky lobbies and the world›s highest observation floors located on the top floors, at 660 meters high, enabling visitors to view the city of Jeddah. The project is valued $1.8 billion and due for completion by March 2020.

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