Investors Archives - Guide to Properties & Real Estate Investment in Saudi Arabia

Tag: Investors

King Salman Airport Saudi Arabia

April 4, 2023April 4, 2023

Saudi Arabia’s King Salman International Airport is expected to become one of the largest in the world featuring six parallel runways. Currently, the world’s largest airport by area is King Fahd International, which is also located in Saudi Arabia.

The King Salman International Airport, announced by the Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister and Chairman of the Council of Economic and Development Affairs, Chairman of the Public Investment Fund (PIF) is expected to cover an area of approximately 57km square, featuring six parallel runways and the existing terminals named after King Khalid.

The airport will also include 12km square of airport support facilities, residential and recreational facilities, retail outlets, and other logistics real estate. By 2030, the airport aims to accommodate up to 120 million travellers and 185 million travellers, with the capacity to process 3.5 million tons of cargo by 2050.

The airport project is in line with Saudi Arabia’s vision to transform Riyadh to be among the top ten city economies in the world and to support the growth of Riyadh’s population to 15 to 20 million people by 2030, PIF said in a statement.

“It will become an aerotropolis centred around a seamless customer journey, world-class efficient operations, and innovation. Riyadh’s identity and the Saudi culture will be taken into consideration in the airport’s design to ensure a unique travel experience for visitors and transit travellers,” PIF said.

The airport design will reflect Riyadh’s identity and the Saudi culture to ensure a unique travel experience for visitors and transit travellers. The new airport will be powered by renewable energy.

The King Salman International Airport is expected to contribute 27 billion Saudi riyals annually to non-oil GDP and to create 103,000 direct and indirect jobs, in line with Vision 2030 objectives, the statement added.

King Salman International Airport

www.neom-property.com

More info on Saudi Arabia

Property & Real Estate

Trojena – Mountains of NEOM

March 3, 2022

TROJENA NEOM will offer year-round outdoor skiing and adventure sports to be completed in 2026, an unrivalled experience and a global landmark for the Kingdom of Saudi Arabia. Highlights include a stunning man-made freshwater lake and ‘The Vault’. It is a folded village fusing technology, entertainment and hospitality – as the main gateway into TROJENA.

TROJENA is part of NEOM’s regional plan, located 50km from the Gulf of Aqaba coast in the heart of our nature region – with elevations ranging from 1,500m to 2,600m and covering an area of nearly 60 square kilometers.

Capitalizing on the different climate in the area, where winter temperatures drop below zero celsius and year-round temperatures are generally 10 degrees cooler than the rest of the region – with its clear fresh air and stunning views, TROJENA NEOM will not only be a mesmerizing place to visit, but also a magical place to live and work.

TROJENA NEOM will redefine mountain tourism for the world by creating a place based on the principles of ecotourism, highlighting our efforts to preserve nature and enhance the community’s quality of life, which is aligned with the goals of the Kingdom’s Vision 2030. It also confirms our commitment to be part of the global effort to protect the environment. TROJENA NEOM will be an important addition to tourism in the region, a unique example of how Saudi Arabia is creating destinations based on its geographical and environmental diversity. This forward-looking vision will ensure that mountain tourism will be another revenue stream to support the Kingdom’s economic diversification while still preserving its natural resources for future generations.

Watch Full Video here

On completion, the development will also contain a broad range of homes. Including apartments, chalets and mansions plus hotels ranging from the ultra-luxury and experiential to wellness and family resorts. In addition, there will be a wide range of retail, leisure and dining options. Activities including year-round skiing, water sports, hiking and mountain biking will sit side by side with an interactive nature reserve.

TROJENA NEOM will become one of the most dazzling destinations in NEOM and across the world. Infused with the ethos of NEOM with its bold ambition, built around technology and innovation. It will follow the principles of sustainability, state-of-the-art technology and astonishing design. It will provide extraordinary opportunities for residents and visitors looking for luxury, adventure, entertainment, livability and escape from the everyday.

www.neom-property.com

More info on Saudi Arabia

Property & Real Estate

Jeddah Central Project – Residential Property

February 11, 2022

Jeddah Central was designed with the cities history, heritage and culture at its core.

Jeddah Central provide an exceptional environment within which residents, workers and visitors can live, work and thrive. Enhancing lives for the better.

Watch Full Video here

Jeddah Central in Numbers

Hotel Rooms 2700 | Residential Units 17000 | Entertainment & Tourism Projects 10+ | Landmarks 4

The ancient past of Jeddah coupled with its authentic identity guide and inspire us in the creation of an innovative future for Jeddah Central. While our knowledge and experience provide us with the tools to ensure we can deliver this exciting project.

The Jeddah of today offers a unique blend and diverse landscape. We will celebrate and improve upon the current position to deliver a destination that celebrates not only our heritage, but also the hear and now.

The potential of Jeddah Central drives us and provides the impetus to create for the future and deliver on our aspirations. Leveraging our past, appreciating our present and looking to the future will ensure we can build an outstanding new destination

Jeddah Central will comprise of six distinct and exciting districts

Central District

The heart of Jeddah, the Central District will be a hub for local and international tourists. Providing them with the opportunity to connect with others and experience our rich culture in a cosmopolitan setting.

Marina District

Connecting Jeddah Central to the Red Sea will be the outstanding Marina District. Comprised of open green spaces seamlessly interacting with entertainment, retail and dining, the district will marry life on the waterfront with life on the open seas.

Beach District

Waterfront walkways connect visitors and residents to the superb retail, dining, entertainment and leisure facilities of the Beach District. This stylish neighbourhood will be the desirable address for those seeking a connection to the waters and sandy shores of the Red Sea.

Sport Park District

Providing the best in High-end family living, the Sports Park District sees a contemporary interpretation of Jeddah’s iconic architecture interspersed with superb private and public outdoor parks, plazas and courtyards that will invigorate the district and bring it to life.

Cultural & Creativity District

Vibrant and thriving, the Cultural & Creativity District will promote and support art, culture, innovation and sustainability. Securing Jeddah Central’s position as an internationally relevant destination.

Wellness District

This district will be developed into a medical and health center to include medical clinics, education, research and development centers and others to establish an advanced destination for health and knowledge.

www.neom-property.com

More info on Saudi Arabia

Property & Real Estate

NEOM becomes a major partner in the Mercedes-Benz EQ…

November 11, 2020

NEOM Mercedes-Benz EQ Formula E Major Partnership

NEOM has signed a long-term partnership with Mercedes-Benz EQ Formula E Limited, under which NEOM becomes a major partner in the Mercedes-Benz EQ Formula E team.

This partnership provides huge opportunities to transfer knowledge and provide more training and education in the Kingdom, as well as to develop the talents of young racing drivers. This partnership will also provide opportunities for developing and seconding selected Saudi employees who work closely with the racing team and have the required qualifications in the field of engineering and software development.

NEOM will offer 30 Saudi nationals a 12-month secondment at the coveted at Mercedes EQ Formula E Motorsport HQ in UK and Germany to progress high-caliber candidates in engineering and software development.

NEOM will also be a key partner and founder of the Mercedes-Benz EQ Formula E driver development program that begins in early 2021 and includes talented junior drivers. The program aims to discover and embrace young talents able to participate in the Formula E championship within the next few years.

NEOM Mercedes-Benz EQ Formula E

Commenting on the partnership, Nazmi Al-Nasr, CEO of NEOM, said: “We are delighted to sign the partnership agreement with the Mercedes-Benz EQ Formula E team and are passionate about working with it. We are always ready to produce partnerships that adopt the principle of innovation as a key to a sustainable future. Therefore, we encourage everyone As NEOM is a living lab in which they can try and develop new technologies in cooperation with us and others. “

Toto Wolff, President of Mercedes-Benz Motorsport, said: “We consider our participation in motorsport essential to leadership in innovation and look forward to developing this cooperation with our new partner, NEOM. Through our participation in Formula E, we have committed to promoting future mobility and promoting the development of Technology-related sustainable innovations as well as mentoring young talent who make significant contributions in this field. “

“We have been impressed by the culture and values of the team during our discussions,” said Jan Paterson, head of the sports sector at NEOM. “We consider this partnership important and provides intense cooperation between the Mercedes-Benz EQ Formula E team and NEOM in the global sports field. In the short term, we are excited to support the team in the upcoming seasons and look forward to hosting the first race in NEOM.”

www.neom-property.com

More info on Saudi Arabia

Property & Real Estate

NEOM Headquarters move to Northwest of the Kingdom

October 21, 2020

Sunday officially marked the operating from its new NEOM headquarters at the project site in the northwest of the Kingdom after it received relocation approval from its Board of Directors.

The move represents an exciting new phase in NEOM’s development that will accelerate the pace of growth and the level of foundation construction work.

More than 450 employees are now based at the company’s new headquarters 170 km from Tabuk, with the number expected to increase to 700 by the end of this year.

NEOM Headquarters

NEOM CEO Nadhmi Al Nasr said: “The relocation of our headquarters to NEOM is an important milestone in our journey and will act as a springboard for growth.

“A project of this magnitude needs an extraordinary team on the ground to deliver our vision to build a New Future at NEOM, which aims to be a leading global destination for exceptional livability and thriving businesses.”

The company will maintain an office in Riyadh to run the company’s business, collaborate with project partners — such as government agencies and private companies — and keep communication channels open with investors.

The move to NEOM comes as progress onsite continues to pick up speed. Since last year, NEOM has reached a number of key milestones, including the opening of NEOM Bay Airport and awarding several construction contracts for projects such as a logistics park and accommodation for 30,000 construction workers.

A number of major announcements have also been made, including an agreement with Air Products and ACWA Power to build world-scale green hydrogen-based ammonia production facility powered by renewable energy, valued at more than SR18 billion, as well as two multi-billion riyal contracts for AECOM and Bechtel to develop an advanced transport infrastructure.

NEOM continues to attract the world’s greatest minds to the Kingdom to create a prosperous and sustainable economy in line with Saudi Vision 2030 and its objectives for economic diversification.

www.neom-property.com

More info on Saudi Arabia

Property & Real Estate

NEOM City futuristic plans unveiled by Crown Prince

August 3, 2019

Saudi Arabia’s Neom City is really beginning to sound like something straight out of a sci-fi movie script.

The in-development Saudi city-state will have flying taxis, robot maids, and even glow-in-the-dark sand, according to recently seen confidential planning documents reviewed by The WSJ. Incredibly an artificial moon will light up the Neom City sky every night, and a Jurassic Park-style island will let visitors mingle with robotic dinosaurs – let alone the multitude of off-the-scale real estate developments taking place.

But also buried in the 2,300 pages of planning documents obtained by the WSJ are plans for the forcible relocation of local tribes, the creation of human gene-editing clinics, and 24/7 government surveillance.

Since 2017, Saudi Crown Prince Mohammed bin Salman has been working with teams of consultants to develop his vision for the $500 billion Neom city in the currently barren northwestern corner of Saudi Arabia.

It won’t be desert for long, though — MBS plans to use “cloud seeding” to produce rain over Neom, cooling the city and making fresh produce widely available.

Future citizens not interested in visiting the farmer’s markets will instead be able to make reservations at a Michelin-star restaurant, which Neom aims to have more of per inhabitant than any other place in the world, according to the plans.

As for what else you’ll find in Neom, the WSJ notes plans for world-class schools with hologram teachers, the planet’s best-paying jobs, and glow-in-the-dark sand, because, well, that’s what the Crown Princes wants, two people familiar with the project told the WSJ.

“Neom is all about things that are necessarily future-oriented and visionary,” Neom Chief Executive Nadhmi al Nasr told the WSJ. “So we are talking about technology that is cutting edge and beyond — and in some cases still in development and maybe theoretical.”

www.neom-property.com

About Saudi Arabia

Property & Real Estate

Aradhana Khowala appointed NEOM’s Tourism Director

August 30, 2018August 30, 2018

On Wednesday 29th August 2018, NEOM have appointed Aradhana Khowala as their managing director of tourism.

NEOM Project, a $500 billion mega-city, is a key part of the Kingdom’s strategic vision to diversify the economy.

Khowala, who was CEO & founder of Aptamind, is considered a world expert in the tourism and hospitality industry, and was awarded the 21st Century Icon Awards in association with CNBC and London School of Economics as an inspirational game changer and tourism leader.

The Red Sea project and NEOM are set to enhance Saudi Arabia’s position on the touristic map of the world. At the end of July, Saudi Arabia’s King Salman holidayed at NEOM to enjoy some rest and recreation, according to state media.

www.neom-property.com

About Saudi Arabia

Read the Full Story here

Property & Real Estate

NEOM Real Estate & Property in Saudi Arabia

December 13, 2017December 13, 2017

NEOM Real Estate – the next big property boom?

Saudi Arabia’s drive towards indepence from oil by 2030 is rapidly taking shape with economical and social reforms. None more so than the $500 Billion Dollar Mega City project NEOM. Set to be the jewel of the Middle East for its innovation in how future civilisations will evolve and be nutured, NEOM plans to implement the very latest technologies and scientific research the world has ever seen.

With the development of NEOM comes huge Property and Real Estate opportunities on a scale never witnessed before. Commercial and Resdiential properties will see rapid growth both in development and value.

NEOM-Property.com remains at the forefront of Saudi Arabia’s property NEOM project as the source for these early opportunities in this dynamic real estate market.

Subscribe to us to stay ahead and capitalise on the next world property boom.

www.neom-property.com

About Saudi Arabia

Saudi Arabia

Boost in Ratings for Saudi Arabia Reform Program

November 21, 2017August 30, 2018

Saudi Arabia Reforms – Political reforms in Saudi Arabia have potentially lifted the country’s appeal to investors, as well as widening opportunities for Saudi citizens, according to a report out today from New York-based credit ratings agency Standard & Poor’s.

The agency said its ratings on Saudi Arabia debt were unchanged at ‘A-/A-2’ , and the outlook remained ‘stable’.

The stable outlook was based on S&P’s expectation that the Saudi authorities would continue to take steps to consolidate public finances and maintain government liquid assets close to 100 percent of GDP over the next two years.

The agency said: “We think the risks emanating from recent shifts in Saudi Arabia’s political power structures and societal norms, alongside various regional stresses, are balanced by the possibility that these structural reforms could empower Saudi citizens and make Saudi Arabia more attractive to investors over the medium term.”

S&P said it could lower its ratings in the event of further deterioration in Saudi Arabia’s public finances. “Fiscal weakening could entail prolonged double-digit central government deficits as a percentage of GDP, a quicker drawdown of fiscal assets, or an unexpected materialization of contingent liabilities,” it said.

KSA’s debt ratings could also come under pressure if the agency observed a “significant” increase in domestic or regional political instability “as a result of the increasing centralization of power.”

Conversely, the agency could raise its ratings if Saudi Arabia’s economic growth prospects improved markedly beyond S&P’s current assumptions.

www.neom-property.com

About Saudi Arabia

Property & Real Estate

Siemens eyes role in development of Saudi Arabia’s $500b…

November 7, 2017August 30, 2018

NEOM MEGA-CITY: Siemens, is in talks with Kingdom of Saudi Arabia for a role in the development of Neom, the $500b special economic zone announced by the kingdom last month.

Siemens has a long established relation with Saudi Arabia and it is getting prepared to help Opec’s biggest oil producer achieve its economic diversification goals.

Neom is part of the Vision 2030 goals and cooperation between the kingdom and Siemens on how to assist and help the kingdom in achieving their goal.

Saudi Arabia, which is heavily dependent on sale of hydrocarbons for revenues, is pursuing a fiscal and economic reform agenda under the overarching Vision 2030 programme and aims to open up the biggest Arab economy to foreign investment. Crown Prince Mohammed Bin Salman, senior ministers and government officials hosted the who’s who of the global financial and business elite for three days in Riyadh last month and launched Neom Mega-city, on day one of the Future Investment Initiative.

The metropolis overlooking the the Red Sea to the south and the Gulf of Aqaba to the west, will be backed by more than $500bn from the kingdom’s coffers, investments by its sovereign wealth fund Public Investment Fund (PIF), and local as well as international investors. Saudi Arabia is set to bring a major global fund with access to a worldwide network of investors and major companies on board to drive the success of Neom.

Spanning 26,500 square kilometres, Neom’s land mass will extend into Egypt and Jordan, making it the first private zone to cover three countries. It will focus on nine specialised investment sectors including energy and water, mobility, biotechnology, food, technological and digital sciences, advanced manufacturing, media and entertainment.

Prince Mohammed dubbed Neom Mega-City a “place for dreamers”, a project that will be built with the newest technologies.

Siemens has the ability to provide Neom with solutions for affordable, reliable and sustainable power; efficient network of transportation; security and safety; water and waste water management and sustainable efficient buildings.

www.neom-property.com

About Saudi Arabia

Tag: <span>Investors</span>

Central District

Marina District

Beach District

Sport Park District

Cultural & Creativity District

Wellness District

NEOM Mercedes-Benz EQ Formula E

NEOM Headquarters

NEOM Real Estate – the next big property boom?

Subscribe to us to stay ahead and capitalise on the next world property boom.