Expansion and redevelopment of existing structures and areas set a trend amongst the top construction projects in Saudi Arabia, as reported by the BNC Network.
2. Grand Mosque – Holy Haram Mosque Expansion: With an estimated completion date of mid-2018, the USD 21.3 Billion expansion project will be divided into three phases; the expansion will include the addition of a new seven story building with 74 prayer halls, an ornate prayer hall spread over 250,000 square meters and a 5000-square meter of central ceremonial area.
3. Dahiyat Al Fursan: Valued at USD 20 Billion and due for completion by 2020, the residential project involves the construction of 100,000 houses and infrastructure works. The project includes the development of apartments, townhouses, education and commercial buildings, as well as research and development centres.
4. Al Ruwaid Redevelopment: The Jeddah based project is expected to be completed by 2030 and involves the redevelopment of Al Ruwais district and involves transforming a slum area of 1,166,525 into an urban district. The transition involves the introduction of real estates, public services utilities, and infrastructure necessary for the regeneration.
5. King Abdullah Security Compounds – Phase 5: Phase 5 of the King Abdullah Security Compounds under development by the Ministry of Interior is valued at USD 8 Billion and is expected to be completed this year (2018). The entire project will involve the construction of 369 security compounds featuring security, immigration, and Special Forces departments, civil defence centres, and investigation and prosecution buildings across various location in Saudi Arabia.
6. Al Shamiya & Mataf Expansion – Holy Haram Mosque Expansion: The USD 5 Billion project involves the expansion of a Mataf (the circumambulation area around the Holy Kaaba) by a width of 20 meters. A majority of the expansion will be used to accommodate a capacity of more than 50,000 pilgrims per hour to 130,000 when it is completed.
7. Mall of Saudi: Due at the beginning of 2020, the Riyadh-based USD 3.2 Billion project involves the construction of a mall spread over an area of 8666,000 square meters including indoor snow parks and 3000,000 meters of shops, restaurants, entertainment areas, residential units, offices, showrooms space, luxury hotels and services apartment buildings.
8. New Jeddah Downtown – Phase 1: The mixed-use development, valued at USD 2 Billion, will incorporate a redesign of the waterfront area known as the Corniche of Jeddah in Saudi Arabia. Additionally, the development is planned to build 12,000 housing units.
9. The Avenues – Al Malqa: Another shopping mall on the BNC projects list and expected to be completed in 2019, The Avenues project will cover 1.7 million square meters and include 2 residential towers, 2 hotel towers, a medical tower and office units.
10. Riyadh Medical Village: The USD 1.5 Billion project involves the construction of 10 hospitals, 33 clinics, a hotel, training centre, housing units and offices. It is expected to be complete by 2018 and delivered by developer Tatweer for Real Estate.
A significant number of expansion and redevelopment projects populate the 10 highest value construction projects in Saudi Arabia, according to the latest ‘Top Projects in Saudi Arabia’ report prepared by the BNC Network for The Big 5 Saudi.
The multi-development expansion of Mecca’s Holy Haram Mosque and the redevelopment of Jeddah’s downtown are among the list, which also includes details on Riyadh’s Mall of Saudi and the country-wide King Abdullah Security Compounds project.
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