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List of Saudi Vision 2030 projects

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Saudi Vision 2030 is a Saudi Arabian government program launched by Crown Prince Mohammed bin Salman in January 2016. The program aims to diversify the Saudi economy away from oil, in addition to transforming the country both socially and culturally.[1]

This following is a list of all projects that were announced as part of Vision 2030:[2]

List

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Giga Projects

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Project Location Total area (km2) Announcement date Expected completion Cost Website
NEOM,[3] including The Line and Trojena Tabuk 26,500 2017-10-24 2030 (first phase) $500 billion [1]
Qiddiya[4] South-west of Riyadh 360 2017-04-08 2030 $9.8 billion[5] [2]
Red Sea Global,[6] including The Red Sea Project and Amaala Tabuk 32,200 2017-07-31 2030 (first phase)
2035 (final phase) 		$23.6 billion[7] [3]
Roshn, including Sedra and Marafy[8] Multiple Locations 200 2019-08-20 2026 $1.9 billion[9] [4]
Diriyah Gate[10] Diriyah 7.1 2017-07-20 2027 $63.2 billion[11] [5]

Tourism

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Project Location Total Area (km2) Announcement Date Expected Completion Cost Website
King Salman Park, including the Royal Arts Complex[12][13] Riyadh 16 2019-03-19 2027 $23 billion [6]
Expo 2030 Site[14] Riyadh 6.6[15] 2023-11-28 2030 $7.8 billion [7]
Masar Destination[16] Mecca 1.2[17] 2020-06-28[18] 2030 $26.66 billion[19] [8]
Rua Al Madinah,[20] including Islamic Civilization Village[21] Medina 1.5 2022-08-24 2026 (first phase
2030 (final phase)[22] 		$37 billion[23] [9]
The Rig[24] Persian Gulf 0.3 2021-10-16 $5 billion[25] [10]
Al-Ula Vision[26][27] Al-Ula 22,500 2019-02-11 2027 $15 billion[28] [11]
Soudah Peaks[29] Asir 627 2023-09-25 2029[30] $7.7 billion[31] [12]

Communities

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Project Location Total Area (km2) Announcement Date Expected Completion Cost Website
New Murabba, including Mukaab[32] Riyadh 19 2023-02-16[33] 2030[34] $50 billion[35] [13]
Sports Boulevard[36] Riyadh 135 2019-05-19 2027 $23 billion[37] [14]
Mohammed Bin Salman Nonprofit City[38] Riyadh 3.4 2021-11-14 $5.4 billion [15]
Jeddah Central[39] Jeddah 5.7 2021-12-17 2027 (first phase)
2030 (final phase) 		$19.9 billion[40] [16]

Ongoing Pre-Vision 2030 Projects

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Project Location Total Area (km2) Announcement Date Expected Completion Cost Website
Riyadh Metro[41] Riyadh 2012-04-23 2024 $22.5 billion
King Abdullah International Gardens[42] Riyadh 2.5 2014-02-28[43] 2025 $200 million[44] [17]
Jeddah Economic City, including Jeddah Tower[45] Jeddah 5.3 2011-08-01 2028 $30 billion[46] [18]

Energy and Sustainability

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Project Location Total Area (km2) Announcement Date Expected Completion Cost Website
King Salman Energy Park[47] Between Dammam and Al-Ahsa 50 2018-12-05 2021 (first phase) $1.6 billion [19]
Al Khafji Desalination Plant[48] Al Khafji 0.1875 2015 2018 $130 million [20]
Rabigh Desalination Plant[49] Rabigh 2017 2022 $687 million[50] [21]
The Solar PV Cell & Module Manufacturing Plant[51] Tabuk Province .027 2010 2021-11-18 $186.6 million [22]
Sakaka Solar Power Plant[52] Sakaka 6 2017 2021 $302 million[53] [23]
The Low Power Research Reactor[54] Riyadh 2018 2019 [24]
Dumat Al Jandal Wind Farm[55] Al Jouf 2019 2022 $500 million [25]

Initiatives

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Initiative Description Launched Website
Made in Saudi Certificate marks designating the claim that Saudi Arabia is the country at which a product originates. 2021 [26]
Saudi Genome Program Program aimed at establishing Saudi Arabia as a leading country in genomics research and its healthcare applications. 2018 [27]
Green Riyadh The initiative aims at increasing Riyadh's green space per capita via planting 75 million trees all around the city by 2030. 2019 [28]
Saudi Green Initiative The initiative oversees Saudi Arabia's 2060 net-zero carbon emission goals and the transition to a green economy through emissions reduction, afforestation, and land and sea protection. 2021 [29]
The Middle East Green Initiative Regional alliance to mitigate the effects of climate change impacting both Middle East and North Africa through collective collaboration with neighboring countries. 2021 [30]
Shareek Program Shareek focuses on supporting large Saudi private sector companies. 2021 [31]
Riyadh Art Riyadh Art aims to transform Riyadh into an art hub by giving artists the chance to display and implement their talent in public spaces. 2019 [32]
Special Economic Zones The initiative targets turning Saudi Arabia into an attractive destination for global investors by introducing unique legislations and reducing regulations in special economic zones. 2023 [33]

Major Companies

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See also: Public Investment Fund § List of investments
Company Industry Founded Website
Alat[56] Semiconductors – Consumer electronics 2024-02-01 [34]
Riyadh Air[57] Airline 2023-05-12 [35]
Ceer Motors[58] Automotive 2022-11-02 [36]
Boutique Group[59] Hospitality 2022-01-20 [37]
Saudi Downtown Company[60] Urban development – Real estate development 2022-10-03 [38]
Savvy Games Group[61] Gaming – Esports 2022-01-26 [39]
Al-Ula Development Company[62] Hospitality – Real estate development 2023-01-30 [40]
Al Balad Development Company[63] Hospitality
Tourism 		2023-10-03 [41]
Jeddah Central Development Company[64] Urban Development – Real estate development 2021-12-17 [42]
Soudah Development Company[65] Real estate development – Tourism 2021-02-24 [43]

Other Projects

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Project Location Announcement Date Cost Website
Development of Historical Mosques[66] Multiple Locations 2018-11-12 $13.3 million [44]
Expansion of Quba Mosque[67] Medina 2022-04-08 [45]

References

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  2. ^ "VISION 2030 PROJECTS". Saudi Vision 2030. Retrieved 2024-03-19.
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  6. ^ "Home | The Red Sea Development Company". www.theredsea.sa. Retrieved 13 September 2021.
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  54. ^ Borger, Julian (2019-04-04). "Saudi Arabia's first nuclear reactor nearly finished, sparking fears over safeguards". The Guardian. Retrieved 2024-03-19.
  55. ^ "Dumat Al Jandal Wind Farm". nsenergybusiness.com. Retrieved 2024-03-19.
  56. ^ Gardazi, Syed (2024-02-01). "Saudi Arabia Launches PIF Company 'Alat' To Become Global Electronics, Advanced Industries Hub". Forbes Middle East. Retrieved 2024-03-20. To cite a news
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  58. ^ "Crown prince launches first Saudi electric vehicle brand". Arab News. 2022-11-03. Retrieved 2024-03-20.
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  61. ^ "Saudi's PIF Launches Savvy Gaming Group After $1B Acquisition Of ESL". Forbes Middle East. 2022-01-26. Retrieved 2024-03-20.
  62. ^ Oxborrow, Ian (2023-01-30). "PIF-owned AlUla Development Company launched to turn tourism site into global destination". The National News. Retrieved 2024-03-20.
  63. ^ "PIF creates Al Balad Development Co. to boost historic Jeddah area". Arab News. 2023-10-03. Retrieved 2024-03-20.
  64. ^ Denman, Selina (2021-12-17). "Ambitious masterplan for 5.7 million-square-metre Jeddah Central Project unveiled". The National News. Retrieved 2024-03-20.
  65. ^ "Saudi Arabia launches Soudah Development Company that will lead a $3 bln project". Al Arabiya English. 2023-02-24. Retrieved 2024-03-20.
  66. ^ "Saudi Crown Prince inaugurates second phase of restoring historical mosques". Al Arabiya English. 2022-07-12. Retrieved 2024-01-01.
  67. ^ "Quba: Islam's first mosque to expand tenfold, says crown prince". Arab News. 2022-04-08. Retrieved 2024-03-19.
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