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Global pioneering Saudi projects fall under the umbrella of the Public Investment Fund ( PIF ). These projects establish large-scale companies based on technology and knowledge to diversify the economy and revenue sources of the Kingdom of Saudi Arabia . Prominent projects include: NEOM Project aims to attract entrepreneurs seeking to create bold models that align with the concept of sustainability, reinvent it, and be a destination for more than one million people from around the world. NEOM s...
Marafy Project is a mixed-use megaproject launched by ROSHN Group , the national real estate developer and one of the major projects of the Public Investment Fund ( PIF ). Located north of Jeddah Governorate, the project is designed to accommodate 130,000 residents. It aims to create a global destination by improving the quality of life and providing entertainment, residential, and commercial facilities. The project contributes to transforming Jeddah City into a modern global hub while preservi...
The Diriyah Gate Project is a cultural heritage tourism project in the Kingdom of Saudi Arabia , aimed at transforming ad-Dir'iyyah , the capital of the First Saudi State, into a local and global tourism, historical, and cultural destination. It highlights the heritage, legacy, and history that represent the Kingdom. The project is located in ad-Dir'iyyah Governorate, affiliated with Riyadh Province, with an estimated budget of SAR64 billion. The project includes a fully integrated mu...
2018 The establishment of an independent company named the Red Sea Development Company (now Red Sea Global Company ) as one of the projects of the Public Investment Fund within the Red Sea Project , launched by His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz, crown prince and prime minister, on July 17, 2017. 2019 The start of the first phase of the Red Sea Project, which included the construction of the Red Sea International Airport, the port, luxury hotels, workers' accommoda...
The floating villas in the Kingdom of Saudi Arabia are located on Sheybarah and Ummahat ash-Sheikh Islands, as part of the Red Sea Project on the Kingdom's northwestern coast. This project is being developed by the Red Sea Global , owned by the Public Investment Fund. The beachfront villas on Sheybarah Island are made from polished steel that reflects the surrounding water and sky, while the interior villas are designed to harmonize with the surrounding sand dunes. The villas on Ummahat ...
2020 The Public Investment Fund 's announcement of a national real estate development company called ROSHN Real Estate . The announcement of the first residential neighborhood in the south of King Khalid International Airport in Riyadh , with an area of 20 million m 2 , with up to thirty thousand housing units, in addition to signing the contracts of the first phase valued at SAR1.6 billion. 2020 The establishment of a partnership with Shapoorji Pallonji and Siemens to build three thousand...
2017 The announcement of His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz to launch the largest qualitative cultural, sports, and entertainment city in the Kingdom of Saudi Arabia within Qiddiya , southwest of the capital, Riyadh . 2018 The establishment of Qiddiya Investment Company (QIC) as a Closed Joint Stock Company wholly owned by the Public Investment Fund (PIF) . 2019 The announcement made by Qiddiya Investment Company (QIC) about the Qiddiya project masterplan, consist...
2008 Listing Hegra City as the first Saudi site in the United Nations Educational, Scientific and Cultural Organization ( UNESCO .) 2017 The establishment of the Royal Commission for al-Ula with the aim of developing the region, to reflect its historical status, as well as the archaeological sites and human heritage it contains. 2018 French cooperation with the Royal Commission for al-Ula to develop, protect, and promote its heritage. 2018 The launch of the archaeological survey program as one ...
SEDRA is a modern residential community embracing a modern character, aligned with the notion of improved quality of life . It fosters inclusivity among its residents, as well as greater communication and interaction among them. Located north of Riyadh , near King Khalid International Airport , it is developed by ROSHN , a subsidiary of the Public Investment Fund (PIF.) Its establishment was announced on August 4, 2021. SEDRA is the first advanced community project by ROSHN in Riyadh. Its name,...
Gidori Destination is a coastal recreational destination dedicated to the golf sports community and is one of the destinations of the NEOM project on the coast of the Gulf of Aqaba, northwest of the Kingdom of Saudi Arabia . It was announced by the NEOM Board of Directors on March 6, 2024. Design of Gidori Destination Gidori Destination features architectural designs that harmonize with the natural landscapes of the area. It offers exceptional experiences through luxury hospitality facilities, ...
Zardun Tourist Destination is one of the sustainable eco-tourism destinations in NEOM , located on the coast of the Gulf of Aqaba, northwest of the Kingdom of Saudi Arabia. It is a resort and natural haven for relaxation amidst nature and wildlife. It was announced by the NEOM Board of Directors on January 24, 2024. Design of Zardun Tourist Destination Zardun Natural Resort overlooks the waters of the Gulf of Aqaba and features four ultra-luxury buildings that blend seamlessly with the surround...
Elanan Destination is one of the sustainable tourism destinations in NEOM , located on the coast of the Gulf of Aqaba in the northwestern Kingdom of Saudi Arabia. It features a luxurious resort designed to promote health and wellness amidst a natural setting that combines mountains, springs, and the sea. This destination was announced by the NEOM Board of Directors on February 21, 2024. Elanan Destination environment ElananDestination is located in a natural setting where the mountains meet th...
