Vision 2030

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

Reading time: 2 MinutesThe Public Investment Fund announced yesterday the launch of “Gulf Coast Real Estate Development,” with the aim of developing an integrated tourism and residential destination on the coast of Al-Khafji, overlooking the Arabian Gulf; ... Read more

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.

08/09/2026

Public Investment Fund
Investment opportunities in Hail

Hail will inaugurate its central district tomorrow after its development at a cost of 268 million riyals.

The project is reshaping the center of Hail with green spaces and modern public facilities to promote tourism, investment and quality of life.

«Masar sells land in Mecca for 138.98 million riyals to develop a hospitality tower

The deal is part of a series of land sales and reservation agreements announced by the company since its listing on the main market.

Jeddah Tower will be the tallest in the world upon completion of construction.

Saudi Arabia boasts two towers among the world's 10 tallest skyscrapers.

With construction resuming and work progressing, Jeddah Tower is nearing the top spot among the world's skyscrapers, while the Kingdom maintains a double presence on the list.

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.

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