Money and business

Saudi Arabia is among the first three in the world in the “Mega and Giga” projects


Saudi Arabia came among the first three places in the world in the number of huge and giant projects, with a huge increase of 643% in these projects since 2010, according to a new report issued by a company "Mays" International Consulting and Building. "Mega" Or huge projects as those that exceed one billion dollars or more, either "Giga" Or giant projects, which are worth $ 10 billion or more. "The future of the implementation of the main projects" For the year 2025.

The growth of this group of projects in Saudi Arabia is driven by the continuous shift witnessed by the Kingdom in light of the Vision 2030, which includes prominent projects such as NEOM, the Red Sea project, Diriyah, Al -Qadiya, King Salman International Airport, and the new box in Riyadh." target ="_Blank"> Energy and the Saudi facilities are at the top of mega projects with 178 projects, followed by a sectors Trade and entertainment of about 110 projects, infrastructure 75 projects, residential buildings 71 projects, industry 71 projects." target ="_Blank"> Residential buildings huge, with an average achievement of less than 8 years of advertising until completion, which competes with the average completion time in the United States and Hong Kong.

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