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Giga Projects The Future of Arabia

Giga Projects – The Future of Arabia

Saudi Arabia is working hard to diversify its economy, both financially and culturally, with giga-projects in the works meant to be sites of inspiration, discovery, and beneficial interactions for the millennial population.

The Kingdom's most significant development projects to date are Qiddiya Entertainment City, NEOM, the Red Sea Project, and Amaala Resort, which will define tourism's future as an important centre to fulfil and satisfy the Kingdom's vision. The present and future generations' recreational, social, and cultural requirements will all be addressed by these additions.

Crown Prince Mohammad bin Salman authorized the construction of a long-term prosperity model for the Kingdom in 2016. The outcome was Vision 2030, an ambitious but realistic plan to guarantee that Saudi Arabia has a lively society, a thriving economy, and becomes a progressive nation.

These initiatives are part of Crown Prince Mohammed bin Salman's ambitious Saudi Vision 2030 plan, which intends to diversify the economy and move away from a reliance on oil while also providing people with a diverse and rich experience of high-quality living, including world-class tourism.

Qiddiya

The Aba Al-Qid route (camel trail) connected Al-Yamama, and Hijaz, which was named after Qiddiya. When finished, Qiddiya will be a location to live, work, and play as well as a distinctive landmark and an important centre for meeting and satisfying the Kingdom's present and future recreational, social, and cultural demands.

The construction phase of Qiddiya, a significant hub planned for the Saudi capital to meet the people's recreational and entertainment demands. In 2019, we saw Qiddiya proceed from the planning and design phase to the building phase.

The Qiddiya location is 40 kilometres from Riyadh's city centre. When completed, this famous monument is anticipated to surpass Walt Disney World in Florida as the world's most extensive entertainment city.

The ambitious initiative aims to attract people worldwide, including locals, regional visitors, and international visitors. Theme parks, entertainment centers, sports facilities capable of hosting training academies, international competitions, asphalt tracks for motorsports fans, water and snow-based recreation, adventure activities alongside nature and safari experiences, and various historical, cultural, and educational attractions are all included.

More than 300 recreational and educational facilities will be available to visitors, all of which are organized around the strategy's five cornerstones of development: sports and wellness, parks and attractions, nature and environment, motion and mobility, and arts and culture.

NEOM

NEOM is a massive zone created in Saudi Arabia's northwest with a $500 billion investment from the Public Investment Fund (PIF).

The project, dubbed "the destination for the future of living," would span Egyptian and Jordanian borders and aim to make the Kingdom a pioneering international example by introducing industry and technology value chains.

The NEOM project area has outstanding leisure tourism prospects, combining the Red Sea, stunning beaches and islands, and untouched natural beauty.

The name NEOM is derived from the Latin word "neo," which stands for "new," and the letter "m" of the Arabic word "mustaqbal," which means "future."

NEOM, which was launched in 2017 and is located on the Red Sea in a prime location, is planned to focus on luxury living with high-end hotels and villas. Additionally, the development's residences will be sold to both regional and foreign customers.

All of this is aimed at making NEOM a global centre for attracting investment, knowledge, creativity, and technology, allowing it to compete with all major economic centers. "

Biotech, energy, water, mobility, food, manufacturing, media, entertainment, culture, sport, design and construction, services, health, fashion, technology, including digital, tourism, and well-being, education, and livability, will be the focus of NEOM's economic possibilities.

The Red Sea Project

One of the crown prince's giga-projects unveiled in 2017 is the Red Sea Project, which is considered one of the world's most ambitious tourism and hospitality projects: An ultra-luxury destination is being built around one of the world's most pristine natural wonders.

To put the Kingdom on the global tourism map, the Red Sea Project will set new benchmarks in sustainable development and revolutionize the world of luxury tourism.

Visitors will enjoy the wonders and rich cultural history of Saudi Arabia's pristine Red Sea Coast after the project is completed.

This is a tourist project that encompasses around 90 pristine islets between Umluj and Al-Wajh. It includes a nature reserve with regional flora and fauna and several unspoilt islands in the Red Sea.

The location is ideally placed between Umluj and Al Wajh on Saudi Arabia's west coast, at the crossroads of Asia, Europe, the Middle East, and Africa. It is within eight hours' flying time of 80 percent of the world's population.

The project provides investors with a safe and stable environment in the world's fastest developing tourism zone.

By drawing almost a million tourists each year and adding SR22 billion to the country's GDP, it is anticipated to create 70,000 employment opportunities and play a key role in fostering economic diversification in the Kingdom.

Amaala

Along with other Red Sea mega-projects such as NEOM, a 26,500 square mile commercial zone and Saudi Arabia's response to Silicon Valley is now under development in the northwest of the country, and like the Red Sea project, the Amaala project seeks to focus on ultra-luxury "wellness tourism" and the arts.

The PIF, which is driving the project and will provide initial finance, has unveiled this ultra-luxurious resort on the Kingdom's northern Red Sea coast. As time goes on, the private sector will be able to take advantage of partnership and investment opportunities.

The "Amaala" resort, which has already been nicknamed the "Riviera of the Middle East," will emphasize wellness and healthy living. In the Prince Mohammed bin Salman Nature Reserve, a resort will be built. According to PIF, Amaala will be part of a giga-projects investment portfolio that will create a unique "tourist ecosystem," encourage economic diversification, and provide high-value job opportunities alongside NEOM and the Red Sea Project.

By rephrasing the existing idea of luxury tourist experience, especially in terms of integrative wellness, specialty treatments, and associated recreational activities, Amaala will spark the world's imagination, "Naples stated at the time.

"Amaala represents a one-of-a-kind and transformative luxury experience, combining full-fledged wellness tourism with a curated mix of arts, culture, and sports offerings that are individually tailored for the ultra-luxury lifestyle, including a fashion scene, healthy-living services, and year-round sea expeditions."

According to the developers, Amaala will include "extraordinary architecture and unmatched luxury in both hotels and private homes, as well as a small shopping village."

It will also house an arts academy to help young artists from Saudi Arabia and the region grow and develop.

The development will feature marinas and a yacht club, with the goal of becoming a destination for boutique luxury cruises.

There will be a combination of galleries, ateliers, artisan workshops, bespoke stores, and a variety of foreign and local eateries in the retail sections.

Amaala, along with the other giga-projects, will promote the diversification of Saudi Arabia's leisure and tourist economy while supporting cultural preservation, ecological preservation, and sustainability as envisioned in Vision 2030.

AlUla

Crown Prince Mohammed bin Salman of Saudi Arabia has begun a project to transform the ancient region of AlUla into an archaeological, cultural, and tourist complex.

AlUla has a total area of 22,561 square kilometres. It will serve as an open-air museum and the cultural centre of Saudi Arabia. Cultural attractions, museums, and animal reserves will all be part of the development.

A premium resort built by a French architect is also planned, with an opening date of 2023. It will be placed in the Sharaan Nature Reserve in Al-Ula's mountains. A summit centre, residential estates, restaurants, and a spa will be part of the resort.

The project will be divided into three different stages. The first, estimated to cost between $3 billion and $4 billion, will be completed in 2023. Finally, in 2035, the entire project will be completed at a cost of between $19 billion and $25 billion.

Diriyah Gate

The Diriyah Gate Development Authority (DGDA) of Saudi Arabia has begun work on Diriyah Gate, a new culture and lifestyle tourism attraction in Diriyah, Riyadh, worth SAR75 billion ($20 billion).

The Diriyah Gate project, which is 15 minutes northwest of Riyadh city centre, seeks to convert Diriyah into one of the world's best destinations for culture and history, hotels, shopping, and education.

The mega project will include more than 20 hotels, a busy retail hub, a diversified collection of museums, and over 100 dining options, as well as cultural, entertainment, retail, hospitality, educational, office, and residential sectors.

Saudi Arabia is looking forward to creating a location of tremendous learning and intellectual curiosity with a wide range of educational institutions planned, including academies, cultural institutes, museums, and universities.

Saudi Arabia's Diriyah Gate is full of wonder and discovery and is destined to become one of the world's finest gathering places, leaving Saudi tourists calm, inspired, and culturally connected. The project also includes a number of outdoor plazas as well as a 3-kilometre escarpment walk with views of the ancient Wadi Hanifah.

Al Soudah

The Public Investment Fund (PIF) controls Soudah Development Company (SDC), which will drive the development of a premium mountain resort with immersive cultural experiences, natural assets, and local and national economic empowerment.

The SDC, which was established to help the monarchy achieve its Vision 2030 goals, would invest $3 billion in infrastructure and tourist projects in Soudah and sections of the Rijal Alma'a Governorate in Saudi Arabia's Asir area.

There will be 2,700 hotel rooms, 1,300 residential units, and 30 commercial and recreational attractions in the proposed projects.

By 2030, SDC hopes to transform the project area into a year-round, sustainable attraction for inhabitants and visitors, contributing an estimated $8 billion to the Kingdom's total GDP.

SDC plans to collaborate with the local community and investors to develop a comprehensive and diversified network of services in the hotel, residential, business, and entertainment sectors. By 2030, the development business hopes to draw more than 2 million tourists each year and generate 8,000 permanent direct and indirect employment opportunities.

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