Major Projects

50 agreements enrich the Future of Real Estate Forum and emphasize the importance of responsibility

Reading time: 2 Minutes50 agreements enrich the Future of Real Estate Forum and emphasize the importance of responsibility

08/02/2023

Future of Real Estate Forum Summary

More than 18,000 licenses issued for infrastructure projects in Riyadh

The monthly report records 8,000 reports and prominent field violations, with the lengths of roads occupied by works exceeding 1,195 kilometers.

King Salman Gate: An architectural masterpiece adorning the minarets of Mecca

The «King Salman Gate» project in Makkah is one of the main pillars of the Kingdom’s Vision 2030, and aims to bring about a qualitative shift in the infrastructure and services provided to visitors and residents of the holy city.

The value of contracting projects awarded in the third quarter of 2026 was SAR 22.38 billion.

The Saudi Contractors Authority report notes a decline in awarded contracts, down 68.6% quarterly, to 33 projects, with water and energy leading the way in September.

17 days until the deadline for submissions to the 2026 Infrastructure Award

Registration is open until October 15th for six tracks to honor excellence, innovation and sustainability in the infrastructure sector in Riyadh.

4.9 billion riyals is the value of contracting projects awarded in August

13 new projects were concentrated in Riyadh and the Eastern Province, led by the Commercial Bank, bringing the total number of awards for 2026 to 116.2 billion riyals.

The Global Project Management Forum 2026 continues its activities for the second day in Riyadh.

The forum will be held in Riyadh for three days with international participation to discuss transformations, best practices, and enhancing the efficiency of project implementation and its developmental impact.

The Saudi Contractors Authority expands its international partnerships with an official visit to South Korea

The Authority's delegation participates in GICC 2026 and signs a memorandum of understanding with CMAK to enhance cooperation and transfer Korean expertise and technologies.

The fifth edition of the Global Project Management Forum 2026 kicks off in Riyadh on September 19th.

It brings together global leaders and experts to discuss transformations, best practices, and to build partnerships to improve project implementation efficiency and maximize their developmental impact.

71.3 billion riyals: Value of Mersa construction projects in the second quarter of 2026

Anchor projects in Saudi Arabia surged to 71.3 billion riyals in the second quarter of 2026, reinforcing the construction sector’s role in non-oil growth.

Public Investment Fund

The Public Investment Fund Launches «Gulf Coast Real Estate Development Company» to Create a New Coastal Destination

The project covers 20 square kilometers in Al-Khafji and will provide 16,000 residential units and 1,400 hotel rooms upon completion of its three phases.

Red Sea International

Ghassan Nassif Appointed CEO of «Red Sea Global,» Succeeding «Baothman»

The company stated that Baumann will remain managing director during a three-month transition period to ensure business continuity.

21 Saudi "Healthy Cities" Certified by the World Health Organization

This achievement reflects the collaboration among government agencies to achieve the goals of Vision 2030 and build sustainable urban environments that promote safety and quality of life.

District secretariats

The Ministry of Municipalities and Housing Wins a Silver «Stevie» Award for the «Sanad» Portal»

The award recognizes the use of artificial intelligence in «Sanad,» which serves more than 300 government agencies and 60,000 government beneficiaries.

Al-Riyadh

Launch of the «Digital District» in Riyadh to Make the Capital One of the Top 10 Tech Hubs in the World

An initiative aimed at attracting global companies and technical talent in six sectors and strengthening the digital economy as part of the Vision 2030 objectives.

«Al-Murabba» Al-Jadid" Signs a 1 Billion Riyal Investment Partnership to Develop a Hospital in Downtown Riyadh

The hospital, with a capacity of 200 beds and advanced specialized services, is part of the project’s first partnerships as it moves from the planning phase to implementation.

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