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As part of Saudi Arabia's Vision 2030 to diversify the Saudi economy away from oil, JCDC says that the project will create 25,000 jobs and contribute more than $12.5 billion to Saudi Arabia's national GDP by the year 2030. [2] [3] The project will go through 3 phases, with the first one set to be completed by the end of 2027.
Knowledge Economic City is a project to position Saudi Arabia and Saudi Arabian entrepreneurs as leaders in knowledge based industries and aims to attract and develop talent from around the world. 20,000 jobs and accommodation for 150,000 people will be created by the project which is expected to bring about 10 billion Riyals a year into the ...
The Saudi Contractors Authority (Arabic: الهيئة السعودية للمقاولين, romanized: al-Haīʾiah as-Saʿūdīyah Lilmuqāwilīn) is an organ of Saudi Arabia's Ministry of Commerce which is concerned with the country's construction sector. [1]
By October 2022 construction was under way, with excavation taking place along the entire length of the project. [28] Saudi Arabia commissioned a SAR 700-million (almost US$190-million) concrete multi-plant factory capable of producing up to 20,000 cubic meters (roughly 700,000 cubic ft) of concrete per day.
Just as the Jeddah Tower will complement the Jeddah Economic City development that will be built around it, there are many infrastructure and revitalisation projects underway and planned throughout Saudi Arabia, such as the US$7.2 billion (SR27.1 billion) new airport terminal under construction at King Abdulaziz (Jeddah) International Airport ...
The project is projected to boost Saudi Arabia's economy in the non-oil sector and is expected to add 180 billion Saudi riyals ($48.00 billion) to non-oil GDP and create 334,000 direct and indirect jobs by 2030, a year that coincides with the estimated culmination of Saudi Vision 2030. [10] [11] [12]
Jeddah Economic City, previously known as Kingdom City, is a 5,202,570 m 2 (56,000,000 sq ft) project approved for construction in Jeddah, Saudi Arabia. [1] The project is designed by the Kingdom Holding Company, a firm owned by Prince Al-Waleed bin Talal. [1]
Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية, romanized: Majmūʿat bin Lādin al-Suʿūdiyya), known as Binladin Group Global Holding Company since 2019, [1] is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia. In 2011, the Saudi Binladin Group signed a US$1.23 billion ...