Tag Archives: Saudi Vision 2030

His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister and Chairman of the Council of Economic and Development Affairs (CEDA), Chairman of the Public Investment Fund (PIF), announced the masterplan for King Salman International Airport which will boost Riyadh’s position as a global logistics hub, stimulate transport, trade and tourism, and act as a bridge linking the East with the West. 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 15–20 million people by 2030. King Salman International Airport is expected to be one of the world’s largest airports covering an area of approximately 57 km2, allowing for six parallel runways and including the existing terminals named after King Khalid. It will also include 12km2 of airport support facilities, residential and recreational facilities, retail outlets, and other logistics real estate. The airport aims to accommodate up to 120 million travelers by 2030 and 185 million travelers, with the capacity to process 3.5 million tons of cargo, by 2050. It will become an aerotropolis centered 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 travelers. With sustainability at its core, the new airport will achieve LEED Platinum certification by incorporating cutting edge green initiatives into its design and will be powered by renewable energy. The announcement comes as part of PIF’s strategy which focuses on unlocking the capabilities of promising sectors to enhance Saudi Arabia’s efforts in diversifying …

The Red Sea Development Company (TRSDC), the developer behind ultra-luxury tourism destination AMAALA, has announced tangible progress across the development, with over 300 contracts signed to date, worth in excess of SAR 6.62 billion ($1.7bn). More than 98 percent of the total contract value has been awarded to Saudi firms, highlighting the organizations commitment to strengthening the local economy. These include agreements for the design and build of state-of-the-art accommodation and facilities at the destination for future employees. An additional 6.1 billion riyals of contracts is currently out to tender, across 54 proposals. “Surpassing 300 contract awards underscores the scale of this project and the significant progress being made as we press ahead with activity on the ground to bring our destination to life. At AMAALA, we are working to create a sustainable, purpose- and meaning-driven destination for the discerning traveler, and remain closely aligned with the goals of the Kingdom’s Vision 2030, as we develop one of the top global tourism destinations of the future. I am delighted to be able to showcase the results achieved by our brilliant team and partners,” said John Pagano, Group CEO of TRSDC. Spanning over 4,155 square kilometers of pristine terrain and set within the Prince Mohammad bin Salman Natural Reserve, the first phase of AMAALA is focused on the Triple Bay masterplan. Eight hotels and upwards of 1,200 hotel keys are set for completion in 2024. Work is well underway on-site to progress the enabling infrastructure and groundwork required to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date. This includes the successful completion of 11 km of roads ahead of schedule to …

The Diriyah Gate Development Authority (DGDA) today announced the signing of a memorandum of understanding (MoU) with the Saudi Investment Recycling Company (SIRC) for the handling and processing of all waste within the Authority’s jurisdiction. The agreement also covers future cooperation between DGDA and SIRC on research, investment opportunities, deployment of solutions, operations, and management. The MoU was signed by the Chief Executive Officer of DGDA, Jerry Inzerillo, and his SIRC counterpart Eng. Ziyad bin Mohammed Al-Shiha. Under the scope of the MoU, DGDA, and SIRC will collaborate on citywide waste management solutions that adhere to world-class Practices for handling, recycling, and disposing of all kinds of waste. This will be done using cutting-edge, efficient technologies, cooperating on technical and investigative studies, and knowledge and skill-sharing workshops. Inzerillo stated that the partnership with SIRC reflects DGDA’s commitment to achieving environmental sustainability, maximizing returns on investment in waste management, and taking all the necessary measures to ensure the quality-of-life standards set in the Kingdom’s Vision 2030 meet the satisfaction of Diriyah’s community. He highlighted that this was especially important given the city’s importance as the cradle of the First Saudi State and the Arab Capital of Culture for 2030. Eng. Shiha expressed his pleasure with the signing of the MoU, which sets a framework for collaboration and sharing administrative functions, investment opportunities, and technical expertise between both parties, saying that the agreement would help explore ways to diversify sources of revenue in the recycling sector.

In the presence of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, Chairman of the Supervisory Committee of the Oil Sustainability Program (OSP), and H.E. Ahmed AlKhateeb, Minister of Tourism, Secretary General of the Board of Directors of Diriyah Gate Development Authority (DGDA), the Oil Sustainability Program (OSP) signed an MoU with Diriyah Gate Development Authority to promote collaboration in using sustainable polymer materials in the latter’s projects, provide the required technical and logistic support, and collaborate with relevant entities in this field. The MoU was signed by Eng. Mohammad Hitham AlTayyar, Program Director of OSP, and Mr. Jerry Inzerillo, Chief Executive Officer of Diriyah Gate Development Authority. This MoU reflects the interdependence and integration of the Saudi Vision 2030 programs, given that OSP and DGDA are outcomes of this vision. The OSP aims to sustain and grow demand on hydrocarbons, whether as a competitive energy source or raw materials used to produce various important products, while maintaining the highest levels of economic and environmental efficiency. Meanwhile, the DGDA is carrying out projects that rely on sustainability principles and environment protection. It is noteworthy that this MoU aims at building a strategic cooperation between the OSP and DGDA on hydrocarbon-based materials. This includes identifying opportunities that would improve the construction and operation processes in DGDA’s projects and developing plans to assess and implement these opportunities, as well as to develop awareness strategies to highlight common goals. The cooperation also includes providing the required technical information and support for materials evaluation, coordinating between manufacturers, suppliers and relevant entities, and providing the required support when implementing these opportunities. The Oil Sustainability Program (OSP) was launched in 2020 with …

On the second day of the Arabian Travel Market in Dubai, Ajlan & Bros Holding Group and Desert Adventures Tourism have announced the signing of a partnership agreement setting the course to establish a full-service destination management company in the Kingdom of Saudi Arabia. Desert Adventures Tourism is the first Dubai-based destination management company to announce its plans to extend into the Kingdom in a joint venture with a well-known Saudi partner. The two companies are joining hands with the aspiration to build the leading destination management company in the Kingdom, based on innovative tourism products, highest quality of service and unique experiences for travellers. “Saudi is an exciting, fast-growing tourism destination that offers the world’s travellers a diverse, culturally-rich experience, redolent of Arabian mystique and grounded in authentic Saudi hospitality,” said Fahd Hamidaddin, CEO of the Saudi Tourism Authority. “Despite the challenges of the past eighteen months we have seen considerable growth in visitation and spend across many regions of the country and we are optimistic about the future of tourism in Saudi. This is a great time to welcome Ajlan & Bros Holding Group and Desert Adventures Tourism to the Saudi tourism ecosystem and we look forward to collaborating with them, as well as with our other partners, in bringing new, competitive products and services to the market.” During the virtual signing ceremony, Fahad bin Saad Alajlan, sponsor of tourism and hospitality of Ajlan & Bros, highlighted: “Ajlan & Bros are committed to helping realise Saudi Vision 2030 and increasing the prosperity of the Kingdom of Saudi Arabia. Through this partnership, we will not only become a market leader in this sector but also create new jobs and …

The Saudi Entertainment Ventures Company (SEVEN) has announced the expansion of new entertainment complexes to prime locations across the Kingdom. These will delight residents and tourists alike and contribute to positioning Saudi Arabia as a hub for entertainment and leisure. The entertainment complexes will meet the fast-growing tourism sector and contribute to realising the goals outlined in Saudi Vision 2030. They are being developed in key strategic geographic locations, providing large resident populations with innovative leisure choices that will appeal to all the family. Each complex will feature several entertainment and leisure choices including cinemas, play areas, rides, F&B, attractions and more. Abdullah Al Dawood, Chairman of SEVEN, said, “We have a clearly structured development plan to build 20 entertainment destinations, 50 cinemas and two large theme parks in prime locations across the Kingdom. We are committed to realising the goals of Saudi Vision 2030 to accelerate the creation of world-class entertainment assets in the Kingdom that support economic diversification, create new jobs, and contribute to socio-economic progress. Our complexes will position the Kingdom as an entertainment, culture and tourism hub of the region.” “At SEVEN, we believe in promoting and creating opportunities for the private sector to thrive in the fast-evolving entertainment landscape of the Kingdom. We are inviting the most ambitious and creative business partners and vendors to join us in our remarkable step forward to shape the entertainment landscape of the Kingdom,” said Al Dawood.