Saudi King Launches 4 Riyadh Mega Projects

Saudi Arabia plans to turn its capital Riyadh into one of the most livable cities in the world, according to the plan announced by the Kingdom to invest 86 billion Saudi riyals ($ 23 billion) through four projects to beautify the capital.

Sharaan Natural Reserve in Al-Ula

The Natural Reserve, launched by Saudi Crown Prince Prince Mohammed bin Salman, is part of a project of the Royal Commission for the Province of Al-Ula (RCU) to develop the area containing various "treasures", including natural areas and endangered animals.

NEOM Company (Owned by the PIF)

NEOM project has obtained the necessary approvals from the official authorities in the Kingdom to establish a closed joint stock company under the name of "NEOM Company" with fully paid-up capital and owned by the Public Investment Fund.

Red Sea Project Master Plan

Red Sea Development Company has received the approval of its board of directors on the Red Sea Project, one of the most ambitious tourism projects in the world. The project outline, co-developed by WATG and Buro Happold, has been designed by a group of leading engineering consulting firms in the world.

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NEOM Bay: The first populated area in NEOM

At its last meeting, chaired by Prince Mohammed bin Salman, Deputy Prime minister and chairman of the Public Investment Fund, the Constituent Assembly approved the strategic concept of the capital master plan for the region of “NEOM Bay “, the first populated area to be developed in NEOM.

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