Mohammed bin Salman Archives - Guide to Properties & Real Estate Investment in Saudi Arabia

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

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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.

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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.

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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.

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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.

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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.”

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Saudi Arabian F1 GP set for 2021 in Jeddah

November 11, 2020

Saudi Arabian F1 GP – In 2021, Saudi Arabia will become the 33rd country to host a round of the Formula 1 world championship when it showcases the inaugural Saudi Arabian Grand Prix. Here’s everything you need to know about this exciting addition to the calendar…

The inaugural Saudi Arabian Grand Prix will take place in the nation’s second-biggest city by population – Jeddah, on the west coast of the country. The race will be run on a street track, however there are plans for the Saudi Arabian Grand Prix to move to a purpose-built circuit at some point in the future.

Jeddah is a picturesque city of around 3.5 million people, situated on the beautiful Red Sea coast. The final track layout is still to be confirmed, but it’s set to be situated on the Corniche – a 30 km coastal resort area of the city. As such, the track is expected to hug the seafront, providing a stunning natural backdrop for the action.

As mentioned, the final track design has not been decided, but organisers say it will feature a good flow of long straights and tight corners, with no equivalent track on the calendar.

Organisers hope that the race will take place at night under lights, adding another layer of atmosphere. They expect the city to come alive with excitement for the race, with everyone coming together to celebrate a festival of F1.

Saudi Arabian F1 GP

Saudi Arabia has connections with F1 that stretch back to 1978, when the airline Saudia sponsored Williams, alongside a few other Saudi businesses. The investment proved a significant event in the team’s history, with the ‘Fly Saudia’ branded team winning their first world championships in 1980 with Alan Jones.

More recently, Saudi Arabia has played host to both Formula E and the Dakar Rally, while Saudi Aramco – the world’s leading integrated energy and chemicals company – are a global F1 partner, with both sides saying the partnership has the potential to further develop and accelerate plans towards a power unit fuelled by advanced sustainable fuels. No Saudi driver has ever raced in F1, but at the 2018 French Grand Prix Saudi woman, Aseel Al-Hamad drove some demonstration laps in a Renault F1 car, on the same day Saudi Arabia allowed women to obtain a driving licence.

It’s fair to say they the people of Saudi Arabia are excited about a Saudi Arabian F1 GP. In 2018, when Riyadh hosted Formula E, there were live music concerts and entertainment alongside the racing action, with over 40,000 people attending each of the three nights – a first for the country. With 70% of the population under the age of 30, Saudi people want to be like the rest the world – they want to go to the biggest live events, they want to have fun and they are embracing and welcoming new opportunities. Formula 1 has worked hard to be a positive force everywhere it races, including economic, social, and cultural benefits. Sports like Formula 1 are uniquely positioned to cross borders and cultures to bring countries and communities together to share the passion and excitement of incredible competition and achievement.

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International Monetary Fund endorses Saudi Arabian plan to build…

November 2, 2017August 30, 2018

The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the whole region.

The plan to develop the zone, known as NEOM, could stimulate trade and allow the Middle East to capitalize on its location as a bridge between Asia and Europe.

The NEOM scheme, unveiled by Saudi Crown Prince Mohammed bin Salman at an international conference in Riyadh last week, would develop industries such as energy and water, biotechnology, food, advanced manufacturing and entertainment in a 26,500-sq-km (10,230-sq-mile) zone with its own laws and judicial system.

Riyadh has indicated that much of the huge cost of the zone will be borne by the Saudi government, but a large, though undisclosed, portion would come from domestic and international private investors.

Governments in the region are starting to look outwards again after having spent the past five or six years focused on coping with political instability and a plunge in oil prices.

An IMF (International Monetary Fund) study published on Tuesday suggested the Middle East and North African region could add 1 percentage point to its average economic growth over five years by participating more actively in international trade and removing barriers to cross-border commerce.

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Tag: <span>Mohammed bin Salman</span>

King Salman Airport Saudi Arabia

Trojena – Mountains of NEOM

Jeddah Central Project – Residential Property

Central District

Marina District

Beach District

Sport Park District

Cultural & Creativity District

Wellness District

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

NEOM Mercedes-Benz EQ Formula E

Saudi Arabian F1 GP set for 2021 in Jeddah

Saudi Arabian F1 GP

International Monetary Fund endorses Saudi Arabian plan to build…