Home/Mega Projects
Vision 2030 Flagship Developments

Mega
Projects

Four government-backed projects. Over $545B in committed investment. Each one creating real estate opportunities that did not exist five years ago.

$545B+Total Combined Investment
4Flagship Projects
53M+Annual Visitor Targets
$500B
NEOM
Smart mega-city · 26,500 km²
 $28B+
Red Sea Global
Luxury tourism · 90+ islands
 $8B
Qiddiya
Entertainment capital · 334 km²
 $20B
Diriyah Gate
UNESCO heritage · luxury hotels
Project 01 · Under Construction

NEOM

A $500B smart city on Saudi Arabia's northwest coast. 100% renewable energy. No roads, no cars.

$500BTotal Budget
26,500km² Area
9MResidents by 2045
100%Renewable Energy

NEOM is owned entirely by the Public Investment Fund (PIF). It sits in the Tabuk region, northwest Saudi Arabia, and spans four separate sub-projects. Construction is active. Tens of thousands of workers are on-site today.

The project operates under its own legal and regulatory framework - separate from standard Saudi law. Foreign investors can own 100% of property inside the zone.

  • THE LINE: A 170km city, 500m tall, 200m wide. 9 million residents by 2045. No roads. 20-minute end-to-end transit.
  • Oxagon: A floating industrial port at the Gulf of Aqaba. One of the largest floating structures in the world.
  • Sindalah: A luxury island resort in the Red Sea. Targeting high-net-worth visitors from 2025.
  • Trojena: A mountain resort with Saudi Arabia's first outdoor ski slope. Year-round cool climate at altitude.
Smart City 100% Renewables Luxury Residential Industrial Port Tourism PIF-Owned
Active Construction
NEOM - The Future
Investment Context
AnnouncedOctober 2017
First CompletionSindalah: 2025
Regulatory ZoneNEOM Special Zone
Foreign Ownership100% Permitted
Entry RoutesOff-plan · JV · Adjacent
$28B+Total Investment
90+Islands
50Resorts by 2030
75%Protected Nature
Resorts Open 2023
Red Sea Global
Six Senses Southern Dunes
First resort open - desert dune landscape
Open
Nujuma, a Ritz-Carlton Reserve
Overwater villas on a private island
Open
45+ Resorts Under Development
Rolling openings through 2030
Pipeline
Project 02 · First Resorts Open

Red Sea
Global

A luxury destination across 90+ Red Sea islands. Built for high-end tourism. First resorts already open.

Red Sea Global (RSG) manages two major projects: The Red Sea and Amaala. The Red Sea project opened its first resorts in 2023. An international airport is already operational, serving guests today.

75% of the destination is protected conservation area. Single-use plastics are banned. All energy is renewable. RSG offers a residential programme for qualifying investors.

  • The Red Sea: 90+ islands. 50 resorts and 8,000+ hotel keys by 2030. Luxury residential community included.
  • Amaala: Ultra-luxury wellness and arts destination at Triple Bay. Targeting ultra-HNWI guests. Under construction.
  • Red Sea International Airport: Operational since 2024. Direct access for guests and supply chains.
  • Residential: Beachfront and island properties available to investors through RSG's residential programme.
Luxury Tourism Eco-Certified Branded Residences Island Resorts Airport Operational
Project 03 · Phase 1 Under Construction

Qiddiya

Saudi Arabia's entertainment capital. 45km from Riyadh. Built across 334 km² of dramatic terrain.

$8BPhase 1 Investment
334km² Area
17MVisitors by 2030
6Themed Zones

Qiddiya is owned by PIF and sits 45km west of Riyadh. It covers six themed zones - entertainment, sports, arts, nature, and residential. Over 100,000 people will live there.

The Formula E circuit is operational. Six Flags Qiddiya - the world's largest Six Flags park - opens in 2025. The development serves a catchment population of 25 million people.

  • Six Flags Qiddiya: World's largest Six Flags park. Opening 2025.
  • Qiddiya Stadium: 20,000-seat arena for concerts, e-sports, and live events.
  • Formula E Circuit: Already operational. Hosting international races today.
  • Water Parks: Themed water parks built into the natural terrain.
  • Residential: 100,000+ planned residents. Mixed housing, serviced apartments, and villas.
  • Speed Peak: Motorsport and adventure zone on dramatic cliff-edge terrain.
Entertainment Sports Theme Parks Residential E-Sports PIF-Backed
Phase 1 Active
Qiddiya
25M+
Catchment Population
6
Themed Zones
100K+
Planned Residents
45km
From Riyadh CBD
Open to Visitors
Diriyah Gate
Key Facts
UNESCO StatusWorld Heritage Site (2010)
Founded1744 - First Saudi State
Hotels Planned38+ Luxury Properties
Distance to Riyadh12km from City Centre
Current StatusOpen - Expanding
Project 04 · Open to Visitors

Diriyah
Gate

The birthplace of the Saudi state. A UNESCO heritage site being restored into a world-class cultural destination.

$20BTotal Investment
600+Restored Structures
27MVisitor Target 2030

Diriyah is 12km from Riyadh's city centre. It was founded in 1744 as the first Saudi state. The At-Turaif district was named a UNESCO World Heritage Site in 2010. It is already open to visitors today.

The Bujairi Terrace - a premium dining and cultural district - has been operational since 2022. Over 38 luxury hotels are planned inside the development.

  • At-Turaif District: Restored 18th-century mud-brick palaces. UNESCO listed. Open now.
  • Bujairi Terrace: Premium dining destination adjacent to the heritage site. Open since 2022.
  • Hotel Pipeline: 38+ hotels planned including Bab Samhan, Four Seasons, and other international brands.
  • Diriyah Season: Annual festival drawing hundreds of thousands of visitors to the site.
  • Residential: Traditional Najdi-style villas and apartments available within the perimeter.
  • Arts District: New museum and cultural district celebrating Saudi heritage and contemporary arts.
UNESCO Heritage Cultural Tourism Luxury Hotels Dining & Retail Residential 12km from Riyadh
Also Noteworthy

Beyond the Big Four

Saudi Arabia's pipeline goes well beyond the four flagship projects. These developments also fall within Saddlepoint's coverage.

King Abdullah Financial District
KAFD
1.6M sqm of Grade A offices in North Riyadh. Over 85% occupied by multinational regional headquarters. Residential towers and hospitality now expanding the district.
9-11% commercial yield · Grade A offices
Riyadh
New Murabba
A 19 km² new downtown district centred on THE MUKAAB - a massive cube-shaped entertainment structure. Walkable, transit-connected, adjacent to Riyadh's historic core.
Early acquisition phase - strong appreciation outlook
Riyadh
King Salman Park
The world's largest urban park at 13.4 km² inside Riyadh. Museums, performing arts venues, gardens, and a sports complex. Properties nearby are gaining a strong park-proximity premium.
Park proximity premium · residential and mixed-use
Jeddah
Jeddah Central
5.7M sqm mixed-use project on the Red Sea waterfront. An opera house, aquarium, stadium, 2,900 hotel keys, and 11,000 residential units. PIF-owned developer.
Coastal mixed-use · premium residential opportunity
Jeddah
Jeddah Tower
The world's tallest building, exceeding 1,000 metres. Anchors Jeddah Economic City on the Red Sea. Four Seasons Hotel, luxury apartments, and observation decks. Construction is progressing.
Iconic landmark · luxury residential and hospitality
Special Economic Zones
SEZ Network
Six special zones offering 5% corporate tax, 0% customs duties, and streamlined licensing. Covers industrial, logistics, and tech real estate beyond standard residential markets.
Industrial & logistics · SEZ incentives available
Position Your Capital

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Opportunity

Each project creates different entry points at different price ranges and risk levels. Saddlepoint identifies the right fit for your strategy.

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