2024年沙特阿拉伯Giga项目

INTRODUCTION Our third annual Saudi Giga projects report highlights the speed at which the Kingdom’splanners are racing to meet the targets set by Vision 2030 to deliver a transformed economyand real estate sector – one that appears poised to emerge as one of the world’s most dynamicand exciting new markets. 15 Our annual tracker of the volume of real estate andinfrastructure projects that have been unveiled since theNational Transformation plan was launched 8 years agostands at US$ 1.3 trillion. This is 4% up on this time last year.Crucially, the total volume of contracts awarded has reachedto US$ 164bn today. These ambitious growth targets warrant the rapid expansionof real estate offerings around the Kingdom, alongsidesupporting infrastructure. In our report, we detail the plans and progress for theredevelopment, revitalisation and reinvigoration of Riyadhand western Saudi, as well as the progress to date on the newUS$ 500bn, Belgium-sized super-state, NEOM. Based on the 2022 Saudi Census data, the population of theKingdom today stands at 32.2 million and we expect this toswell to 37.7 million by the end of the decade. 7% Alongside the projected population growth, the governmenthas put into place an intricate network of programmes andinitiatives, designed to foster growth and expansion across allreal estate sectors, including facilitating 150 million visitors,both domestic and international, to the Kingdom by 2030. RIYADH Riyadh remains firmly at the centre of the Kingdom’s economic transformation. The Saudicapital is also at the heart of job creation and a magnet for young Saudi’s from elsewhere inthe country who are seeking better employment opportunities. This, combined with an influxof expats is putting pressure on the city’s housing stock, as reflected in the 50% increase inhouse prices over the last 4 years. Unsurprisingly, this rising demand is superchargingdevelopment activity in the city, with a total of US$ 314bn inreal estate, infrastructure and transportation projects havingbeen announced since 2016, with US$ 60bn in constructioncontracts having been awarded to date. The development plans unveiled to date, we expect, willreceive a further significant boost as new projects connectedto the 2030 World Expo and the FIFA World Cup in 2034unleash a slew of new developments across the city. Indeed, the 2030 World Expo is expected to add as much asUS$ 7.8bn in new economic activity to the capital over thenext six years, according to Al Rajih Capital. The sheer scale of the planned development in Riyadh is clearwhen you examine the data: 340,000 new homes (includingROSHN and NHC units), 4.6 million sqm of new offices,2.6 million sqm of new retail and 28,800 new hotel rooms(from c. 30,000 today) all to be delivered by 2030. WESTERN SAUDI ARABIA On Saudi Arabia’s western seaboard and the surrounding areas, no less than 17 Gigaprojects are currently underway. Together, this half of the Kingdom has seen US$ 685.5bnof announced Giga projects and infrastructure since 2016, with US$ 54.4bn in constructioncontracts, including those connected to the US$ 500bn super-city NEOM. Together, these projects will add 382,500 new homes to theKingdom’s housing stock, in addition to 3 million sqm of newoffices, 4.3 million sqm of new retail space and 330,000 newhotel rooms, all by 2030. Below we take a closer look at the exceptional transformationnow unfolding across western Saudi. IN FOCUS: NEOM NEOM is the crown jewel in the Kingdom’s transformation plans. Effectively a new super-statewithin the Kingdom, the US$ 500bn super-city has so far unveiled details of 12 destinationswithin its borders, with the US$ 150bn The Line, being the largest project to date, which oncompletion, will house over 9 million residents in some 300,000 homes. To date, US$ 28.7bn in construction contracts have beenawarded for projects across NEOM, including US$ 0.1bn atMagna, US$ 3bn at Trojena for the construction of the world’slargest man-made lake which will stretch for 2.8km andUS$ 10.5bn at The Line. Below we examine all of NEOM’s subprojects and the volumeof new real estate expected in each. OTHER REGIONS ANDNATIONAL PROJECTS The Giga projects planned in other regions and on a national scale, collectively representa US$ 115bn investment in Saudi Arabia’s future. They are crucial not only for the economicdiversification of the Kingdom, but also for enhancing the quality of life for its citizens. Saudi Arabia’s Vision 2030 is driving the Kingdom’stransformation through a series of large-scale giga projects.While much focus has been on developments in Riyadh andthe Western regions, substantial investments are also beingmade in other parts of the country. The strategic location and varied landscape of Saudi Arabiaprovide a unique foundation for these transformativeinitiatives. In addition, on a national scale, Saudi Arabia is undertakingambitious projects that will have a widespread impact acrossthe Kingdom. These p