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Mega projects in Saudi Arabia
Saudi government own the most below projects and heading to accomplish
The King Abdullah Financial District (KAFD) is a new development under construction near King Fahad Road in the Al Aqeeq area of Riyadh, Saudi Arabia being undertaken by the Rayadah Investment Corporation on behalf of the Pension Authority of the Kingdom of Saudi Arabia. The project consists of 59 towers in an area of 1.6 million square meters. It will provide more than 3 million square meters of space for various uses, 62,000 parking spaces and accommodation for 12,000 residents. In 2011, it was the largest project in the world seeking green building accreditation. Bombardier won a $241m contract to build an automated monorail for the development.
Neom is a planned cross-border city in the Tabuk Province of northwestern Saudi Arabia. It is planned to incorporate smart city technologies and also function as a tourist destination. The site is near the Red Sea and the borders that Saudi Arabia shares with Egypt and Jordan. It will cover a total area of 26,500 km2 and will extend 460 km along the coast of the Red Sea. Saudi Arabia aims to complete the first section of NEOM by 2025. The project has an estimated cost of $500 billion. Saudi Arabia aims to raise $100 billion through an IPO of state-owned oil company Saudi Aramco. This IPO took place in late 2019, and Saudi Aramco's valuation topped $2Tn.
The building has been scaled down from its initial one mile high (5,280 ft) proposal, which was never fully designed, to a height of at least 1,000 metres (3,281 ft) (the exact height is being kept private while in development, similar to the Burj Khalifa). At about one kilometre, Jeddah Tower would still be by far the tallest building or structure in the world to date, standing 180 m (591 ft) taller than the Burj Khalifa in Dubai, United Arab Emirates. Jeddah Tower's 50-hectare (120-acre) plot with surrounding buildings will be the first of a three phase Jeddah Economic City development. The three phase project proposed for a large area of undeveloped waterfront land with an area of 5.2 km2 (2.0 sq mi).
The King Abdulaziz Center for World Culture, also known as Ithra, in Dhahran, Saudi Arabia, developed by Saudi Aramco and inaugurated by King Salman bin Abdulaziz on 1 December 2017. Ithra is located in the same place of which the first Saudi discovered oilfield. The Center incorporates a museum, children museum, library, cinema, theater, and exhibition halls. The Norwegian architectural firm Snohetta designed the building and BuroHappold led the multi-discipline engineering design. The center has been listed in Time magazine as the world’s top 100 places to visit.
Majdoul Tower is a 50 story office tower built on podium in the City of Riyadh. The building site was designed in coordination with Zeidler Partnership Architects to complement the contemporary sculptural expression of the building. The design includes a diverse layer of elements including building canopies, tree bosques, cascading reflecting fountains and extensive lighting which respond to its cultural and climatic setting, allowing for pedestrian activity not only throughout the day, but also in the evening.