沙特超级工程报告2023-THE SAUDIGIGA PROJECTS REPORT -THE KINGDOM'S USS 125 TRILLION DEVELOPMENT PLAN

Knight

Frank

THESAUDI

GIGAPROJECTSREPORT

THEKINGDOM'SUSS1.25TRILLIONDEVELOPMENTPLAN

INTRODUCTION

INOURSECONDANNUALUPDATEOFTHEVOLUMEOFCONSTRUCTIONACTIVITYACROSSTHEKINGDOM,WE

REVIEWHOWTHETOTALVALUEOFREALESTATE(ANDINFRASTRUCTURE)PROJECTSSINCETHELAUNCHOFSAUDIARABIA'SNATIONALTRANSFORMATIONPLANIN2016HASCROSSEDUSS1.25TRULLION.

Thephenomenaltransformationin2022'sfastest-

growingmajorglobaleconomyisclearyvisibleacrosstheentireurbanlandscape,withtheKingdom'sGigaprojectssettodeliveranewurbanfutureforSaudi

Arabiathroughatransformedandvastlyexpanded

residential,office,retai,hospitalityandindustrial

offering,designedtosupporttheprojectedpopulationgrowthwhichisexpectedtotop50mlionby2030

(govemmentforecasts)aswellasthearrivalof100millioninternationalvisitorsby2030.

OurrevlewofthetranstormationoftheKingdom

focussesspeclficalyontherealestatelandscapein

heart,Riyadh,andtheambitionsofotherprovinces.

WestemSaudlArabls,aswellasthenation'seconcmic

WealsodetailtheprogressbeingmadeinsomeoftheglobalheadinegrabbingGigaprojects,suchasNEOMandRedSeaGlobal,whillealsotakingadeepdiveintothenationalplansbyROSHINandSEVEN.

Finally,werevlewthechangingnatureofthehealthcareandeducationsectors,criticaldriversotsustained

growth,aswellassomeofthemalorintrastructureprolectsbelngroliedouttohelpSaudArablarealiseVislon2030.

SAUDIARABIASUSS1.2STRILLIONREALFSTATEDFVELOPMENTPLAN

Totalvalue

US$1.25trillion

Totalvalueof

commissionedprojects

US$250bn

Residentialunits

660.000+units

Hotelkeys

289.000+keys

Retailspace

5.3million+sam

Officespace

6million+sam

SOURCEKNIGHTFxwNK.MEEDPhoyEcrs

2

SAUDIARABIA'S202212023CENSUSKEYSTATISTICS

TotalPopulation32.2million

SaudiPopulationIS.4million

NonSaudiPopulation13.4millicn

GDPPerCapita

USS34.500

Source:SaudiCensus

POPULATIONBYREGION

POPULATIONPROJFCTIONS

2030

20282029

Source:KnightFrank,SaudiCensus,OxfordEconomics

3

WESTERNSAUDIARABIA

AwAYFROMRIVADH,SAUDIARABIA'SWESTERNPROVINCHSHAVEBEENTHEFOCUSOFGIGAPROJECT

DBVELOPERS,WITHATOTALOFUSS687BNOFPROJECTSEXPICTEDTOBECOMPLETEDSY2030,

INCLUDINGTHEUSS500BNSUPER-CITY,NEOM,BELOWWETAKEACLOSERLOOKATTHEPROGRESS

TODATEINTHETRANSFORMATIONOFTHEWESTERNHALFOFSAUDIARABIA

1800+urs

40000+m

风

PROIECTVALUE

TOTALVALUEOFCOMMISSIONED

PROJECTSTODATE

CONSTRUCTIONPROGRESSOFCOMMISSIONEDPROJECTS

OFHCLSPACL

RESIDENTIALRETAILSPACEHOTELKFYSTOTALAREACOMPLETIONDATE

UNITS

10,000+unt

SourceKnigrtFrenkMEEDPro/ects

5

RIYADH

04000+r12000+umis

THESAUDICAPITAL,RIYADH,ISAPIVOTALFOCUSPOINTFORTHECOUNTRYSTRANSFORMATIONAND

CURRENTLYACCOUNTSFOR18%OFALLREALESTATEANDDEVELOPMENTPROJECTSUNDERWAY,TOTALLINGSOME

USS229BN.

Thisincludesplansforover241,000homesby2030,in

Whllethisitselfisasignificantdevelopmentpipeline

additionto3.6msqmafofficaspace,thelatterofcourse

forthecity,thegovernmenthopestospendaround

willcomeaswelcomenewstocccupiersfacedwitha

USS1trilicninRlyadhalone,afigurerecenttlyreconlirmedby

severasupplyshoriagethathashelpedtolitGradeA

thegovemmentasitcontinuestolayoutitsbidtohostthe

oecupancyleveisto88%,onaverage

2030WorkdExpo,whenithopestoattract30milionvisitors.

40000+90

1000+units

100000+sam

500+keys

8,000+urts

120000+sqmm

1,000+keys

20000+ures

250000+sqm

2-4,000keys

RIYADHSUSS229BNPFALESTATFDFVFLOMFNTPLAN

髓

Projectvalue

Totalvalueofcommissioned

projectstodate

Residentialunits

Hotelkeys

Retailspace

Officespace

USS229bn

USST5bn

241.000+units

20.000+keys

2.Smillion+sam

3.6million+sam

SourceKnigttFrankMEEDPraJsC

petalmsls

MegeMsl

3hotelbvlidings

300000+sqm

32000turits

OFCOMMISSIONEDPROJECTS

TOTALVALUEOFCOMMISSIONED

PROJECTSTODATE

RETAILSPACEHOTELKFYSTOTALAREACOMPLETIONDATE

OTHERPROVNCES

SAUDIARABIAISACOUNTRYSTEEPEDINANCIENTHSTORYWITHAWICHCULTURALHELTAGEANDAWEALTH

OFDIVERSIFICATIONOFLANDSCAPES.ITSIGONICLANDMARKS,BUSTLINGCITIES,ANDHOSPITABLEPEOPLE

MAKEITADESTINATIONLIKENOOTHER.WHETHERITSALULATHEUNDISCOVEREDIEWELLOCATEDINTHE

NORTHWESTOFSAUDIARABIAORSOUDAH&RIJAIAIMAANESTLEDINTHEMAJESTICASI

NATURALBEAUTYANDCULTUREMEETOREVEN

1.300+unls

300+urits

2.700+keys

627sqkm

2030

8.000+unis

50sqkm

2035

只140.000+sqm

200,000+sqm

2025

11000+urits

h15.4mlllionsam

2026-28

PROJECTVALUE

TOTALVALLJEOFCOMMISSIONED

PROIECTSTODATE

CONSTRUCTIONPRCGRESS

OFCOMMISSIONEDPROJECTS

RETAILSPN

8

INFOCUS:NEOM

THECNOWNJEWELINKINGDOM'STRANSFORMATIVEPLANS.THEUSSSOOBNSUPERCITY.NEOM,PROMISED

TODELIVERNEXTGENERATIONURBANLIVING,WITHSUSTAINABILITYWILLBEAKEYCOMPONENTOFTHE

CITYWHICHWILLBELARGERTHANBELGIUMWHENCOMPLETEDANDISEXPECTEDTOHOUSEOVER9MILLION

RESIDENTSEVENTUALLY.

Thusfar,foursub-projectshavebeenunvelled:

11TheLine:Theworld'sfirstlinearcity,consistingoftwo400mtall"landscrapers',eschstretchingfor170km.

2)Trojene:SetinthemountainsofNEOMandhostofthe2030AslanWinterGames,Tro/enawilbetheMiddleEast'sfirstopenairskdresort,capltalisingontheregularwintersnowfallinthispartofthexingdom.

3}Oxegon:Theworld'slargestfioatingcitythatwillberunentirelyonrenewableenergy.housingoneoftheworid'slargest

logisticshubs.

4]Sindsish:NEOM'sfirstprojecttobecompleted,SindalahlslandissettobecometheMiddieEast'sluxuryyachtingcapital,

complementedbyluxuryhotelresorts.

34sqkm

2030

2000+UNTs

号42.000+sqm

3600+ky

57km2

2026

90+UNITS

15,000+sqm

790+keys

2025

B40,000sqm

RESIDENTAL

UNITS

RETNILSPACE

HOTHLKFYS

TOTALAREA

COMPLETIONDATE

10

INFOCUS:REDSEAGLOBAL

THEREDSEAPROJECTINSAUDIARABIAISAWORLD-CLASSLUXURYTOUKISMDESTINATIONINTHEMAKING,

CENTREDONTHEPRISTINEISLANDS,BEACHESANDCRYSTAL-CLEARWATERSONTHEKINGDOM'SREDSEACOAST.

Itwillofferamultitudeofluxuryresonts,culturalactvitles,andadventuresportswhilemaintainingacommitmenttosustainability

andconservation.TheRedSeaProjectandAmaalaaretwoexcltingsub-projectsthatpromisetobringworid-classtourism

destinationstoSoudiArabiaandwillbekeycomponentsintheKingdom'splantoattract100milioninternationaltouriststothe

countryby2030.

1300+units

只32.000+sqm

7000+keys

28,000sqkm

2030

只200+stores

3,000+keys

4.15millionsam

2026

Oneofthemostambifious

ragenerativetourismdestinations

TherivieraofTheMiddieEast

PROJECTVALUE

RESIDENTIAL

UNITS

TOTALVALUEOFCOMMISSIONED

PROJECTSTODATE

CONSTRUCTIONPROGRESS

OFCOMMISSIONEDPROJECTS

HOTELXEYS

COMVLTION

RETATLSPACE

kaichtFarkMEEDProett

DATI

12

INFOCUS:ROSHN

ROsHNISCOMMITTHDTOCREATINGSUSTAINABLE,INNOVATIVEANDAFFORDABLECONMUNITIESFORSAUDI

NATIONALS.ROSHNISFOCUSEDONCREATINGHIGH-QUALITYANDMODERNHOMES,WITHINCOMMUNITIES:

ANINCREASINGLYPOPULAROPTIONFORFIRST-TIME-BUYER5INTHECOUNTRY.ROSHN'SPIPELINEINCLUDES

EXITINGPROJECTSUCHASSEDRAANDWAREFA,BOTHINRIYADH,ASWELLASALFULWA(EASTERNPROVINCE)

ANDALAROUS(JEDDAH),

2.000+units

1.4milionsam

4

18,000+units

mllionsam

4.000+units

h10.8mllionsam

2028

2026

2027

PROJECTVALUI

TOTALVALUEOFCOMMISSIOniDPROJECTSTODATE

RFTAHLSPAC

CONSTRUCTIONPR

OFCOMMISSIONEDPROJECTS

COMPLETIONDATE

Source:KnightFrank,MEEDProlects

LNFOCUSSEVEN

SAUDIENTERNTAINMENTVENTURES(SEVEN)HASBEENESTABLISHEDTOCREATEENTERTAINMENTDESTINATIONS

ACROSSTHEKINGDOM.

Thecompanyhasaclearvisiontocreateworld-classentertainmentexperiencesthatcatertobothresdenisandwisitors,SEVEN's

promisestorevolutionisetheentertainmentindustryintheMiddleEastwithastrongfocusoninnovationandsustainabillty.

*$

PROIECTVALUE

CONSTRUCTIONPROGRESS

OFCOMMISSIONEDPROJFCIS

TOTAIVALUEOFCOMMISSIONED

PROJECTSTODATE

RFTAILSPACETOTALARFACOMPLETIONDATE

UNTTS

SouceKno'tFtnkMEEDpicjece

preciousmetals

SPECIALECONOMICZONES

ToSUPPORTTHEIMMENSETRANSFORMATIONACROSSTHECOUNTRY,THEGOVERNMENTHASRECENTLY

ESTABLISHEDFIVESPECLALECONOMICZONESTOHELPUSHERINAFUTURELESSDEPENDENTONTHEOILAND

GASINDUSTRY.

SaudiArablaboastsunlqvecompeltitiveadvantagesinthelogisticsindustry.itsstrategicpositioninthemiddleofmalortradeires

makesitapivotallogisticscertrefortheregion.Furthermore,asthelargestmarketintheGCCandasignlficantconsumpticn

centreIntheMENAregion,SeudlArablahasasignlficantroleinconnectingglobalshippinglinesandservingtheMENAmarkets

AndItisthisunlquepositionthatthegovemmentwishestofoatertodrivethecountry'seconorriotransformastion.

CLOUDCOMPUTING

SPECLALECONOMIC

ZONE

Riyadh

CloudComputing

Services

RASAL-KHAIRSPECIALECONOMICZONE

EasternProvince

20ksqkm

US$14bn

Shipbuilding

-Rigplatforms

1

JAZANSPECIAL

ECONOMICZONE

Jazan

24.6sqkm

US$35bn

-FoodProcessing

-Metalconversion

-Logistics

KINGABDULLAH

ECONOMICCITY

SPECIALECONOMIC

ZONE

Makkah

60sqkm

USS27on

-Automobilesupply

chainandassembhy

-Consumergoods

-ICT(Eiectroniclight

manufacturing)

Pharmaceuticals

-MedTech

-Loglstics

SPECIALINTEGRATED

LOGISTICSZONE

Riyadh

Consumer

products

Computerparts

Pharmaceuticals

-Nutritionaland

medicalsupplies

-Aerospaceparts

jewelleryand

-Luxurygoods,

Sourca:KnishtFrarkSpoclalEconoml:ZonesbyECZA

PROVINCFPROJECTVALUESECTOR

19

HEALTHCAREANDEDUCATION

AwAYFROMTHEHEADLINEGRABBINGGIGAPROJECTSAROUNDTHEKINGDOM,THERIISAGROWING

EMPHASISBEINGPLACEDONTHEWELL-BEINGOFTHESAUDIARABIA'SRESIDENTSTHROUGHTHE

IMPROVEMINTANDPROVISIONOFWORLD-CLASSURBANENVIRONMENTS.

ThisincludestheUS$500milionRiyadhSportsBoulevardaswellastheUS$23bn'GreenRiyadh'whichwilltransformtheSaudicapitalintoaverdantmetropolisthroughtheplantingof75miliontrees.Elsewhere,Dammam's650.000sqmAmanatAlShargiyaprcjectwillseetherevitalisationofthecity'sconiche.Andthisemphasisonwellbeingextendstothe24,000hospitalbedsplanned,whichissettocostUSS39.5bn,USS27bnofwhichisplannedforRiyadhProvincealona.Furthermore,60neweducationalinstitutionsarebeingbuiltatacostofnearyUS$63bn.

HEALTHCAREPROJECTS

EXPECTEDSUPPLY.

110

newhospitals

TOTALBUDGET:

USS4bn

24.000

beds

USSDTbn

USS1.4bn

DMAOthersJeddahRlyadh

SouceKnghtFrank,MEEDPrcjects

20

EDUCATIONPROJECTS

EXPECTEDSUPPLY.

educational

60

upcoming

projects

TOTALBUDGET:

USS

USS

334m

432m

DMA

Jeddah

Other

USS592m

Riyadh

USS5bn

SouroesKnigntFrark,MEEDPiciects

21

MAQKNRASTRCTURFPROJFC

ANDHNALIY,TOSUPTORTTHETRANSFORMATIONOFSAUDIALARIASURBANENVIRONMENTANDTOHELPFACILITATETHEKINGDOM'SPOPULATIONANDTOURISMGOALS,WETAKEACLOSERLOOKATTHEUSS204BNOFINFRASTRUCTUREPROJECTSTHATWILLPAVETHEWAYFORTHEKINGDOM'SURBANFUTURE,INCLUDINGTHETWONEWNATIONALAIRLINES.

NEWAIRHNES

(11)km]

10+

Destinations

Debutflisht

In2024

USS7bn

676%15%%

RIYADHAIR

ArewRyat-bnedcnla,asynedtoceehyathtomalargttalthitcite

airling

E.Ytsbussicss

uss1n

。31%

USS1.Sbn

100%

US147bn

0%

100+

Destinations

Debut

flisht

2025

in

T2

en

aircraft

order

SouroeKnightFrari,MEEDPojects

PR|ECTVALUE

0%

CONSTRUCTIONPROGRESS

2223

ABOUTUS

OURMIDDLEEASTNETWORKOURSERVICES

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TRANSACTIONALSERVICES

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ResidentialandCommercialValuations

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PlantandMachineryValuationandAdvisory

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LuxuryBrandsAdvisory

DataCentresConsultancy

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uheeinceonrewrneetobecortonlsofitsdsoumert.haaoinetapan,thamattraldsearotiecanphpinttewewkatdfiraiiowentopancuw

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