Makkah Region has Saudi Arabia's second most-valuable construction pipeline
Posted on 15th March 2019
According to *Constructionweekonline news report, Makkah Region has Saudi Arabia's second most-valuable construction pipeline, with planned projects worth $283bn (SAR1tn).
Large-scale megaprojects in Makkah include the $10bn (SAR37.5tn) Al-Faisaliah City, which the government views as an expansion of the Holy City of Makkah.
Also under construction in Makkah are the $8.7bn (SAR32.6bn) Jabal Al Sharashif Development, and Phase 1 of Makkah Metro, which has not yet been priced, but is expected to cost more than $6bn (SAR2.2bn).
All three projects have been put out to tender, the organiser of The Big 5 Saudi trade show, DMG Events, said in a statement.
Makkah Region’s pipeline is dwarfed only by Tabuk Province, home to the $500bn (SAR1.9tn) Neom gigaproject and The Red Sea Project.
King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, approved 151 projects valued at more than $3bn (SAR11.2bn) for Tabuk at the end of 2018.
DMG Events said Tabuk has Saudi Arabia's largest pipeline of construction projects. Its announcement came after a 50-person delegation from Makkah Chamber of Commerce and Industry attended The Big 5 Saudi show, held in Jeddah on 10-13 March.
*News source: https://www.constructionweekon...Back to all Construction News
Share this story: