SAUDI’s MOST INFLUENTIAL MEETING POINT FOR LANDSCAPE ENTHUSIASTS
The Kingdom of Saudi Arabia has acknowledged the arrival of the post-oil era and while paving a way for the future economy, the country has taken up larger than life urban landscape projects. It comes as no surprise that as the largest economy in the Arab world, the country also holds the largest infrastructure & construction industry in the Gulf Cooperation Council (GCC).
With projects worth more than USD 825 billion, the Kingdom’s infrastructure & construction market is expected to witness a record growth, that’s being powered by the Vision 2030 and the National Transformation Program (NTP) 2020. Not to forget, the boom in private sector investment is only adding to the overall growth.
Post-construction, the country’s next-gen mega cities will determine the future for the region. The major landscape and other urban revitalization projects across Riyadh, Jeddah, Makkah, Medina, Al-Ula and many more have lured myriad international players towards the Kingdom.
In an effort to promote Vision 2030 and following the grand success of our inaugural edition of Urban Landscape Saudi, Tradepass is back in the Kingdom of Saudi Arabia with the support of its existing strategic partner – ‘Saudi Contractors Authority (SCA)’ to host the 2nd Edition of Urban Landscape Saudi, scheduled to take place in June 2022. The summit will host 700+ landscape designers, architects, contractors, developers, consultants, and government officials representing the key upcoming & ongoing projects across GCC, to enable networking and share the latest insights from the industry.
Forecast period (2021 – 2026)
According to Mordor Intelligence, Saudi Arabia’s infrastructure sector is projected to grow at a CAGR of approximately 6% during 2021 – 2026.
Economic diversification campaign
As part of its economic diversification campaign, the country is looking forward to garner nearly USD 429 billion in private sector investment over the next 10 years for a mega infrastructure and industrial program.
Saudi Arabia holds infrastructure projects worth USD 825 billion making them account for approximately 35% of the total value of active projects across the Gulf Cooperation Council (GCC).
Biggest civil-engineering contract
The High Commission for the Development of Arriyadh (ADA), in an effort to reduce congestion in urban areas has signed the world’s biggest civil-engineering contract for a six-line metro valued at USD 22.5 billion.
As per global property consultant, Knight Frank’s analysis, nearly $1 trillion of real estate and infrastructure projects have been announced across the Kingdom of Saudi Arabia since 2016, owing to its Vision 2030.
30 million Umrah visitors
As per the Vision 2030, the Kingdom aims to raise their capacity to welcome Umrah visitors from 8 million to 30 million every year.