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Saudi Arabia was elected to the membership of the Council of the International Civil Aviation Organization until 2025 during voting at the ICAO 41st general assembly in Montreal, Canada.
The Kingdom was re-elected after a voting process with the participation of 193 UN member states.
The council has 36 members, including the US, France, Singapore and the UK, “thus providing a voice to the Arab and Islamic countries,” the Saudi Press Agency reported on Saturday.
Saudi Minister of Transport and Logistics Saleh bin Nasser Al-Jasser praised the importance of the election for the Kingdom, saying: “Since the establishment of the first airline in 1945, the Kingdom has proven its commitment and tireless work toward the aviation sector, both domestically and internationally.”
He added that the Kingdom is now working in line with the vision of Crown Prince Mohammed bin Salman by consolidating its global leadership role in the sector.
Al-Jasser said that the election “represents a broad tribute to the tireless efforts being made by the Kingdom to be a center for air linkage between the three continents to achieve the objectives of the national strategy for transport and logistics services.”
source/content: arabnews.com (headline edited)
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Saudi Minister of Transport and Logistics Saleh Al-Jasser attends 41st International Civil Aviation Organization General Assembly in Canada. (SPA)
Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs, Chairman of the Committee leading Great Arab Minds, and Secretary-General of the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), highlighted the details of “The Great Arab Minds” initiative.
Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in January 2022, the initiative is the Arab world’s largest movement designed to search for exceptional talents among Arab scientists, thinkers, and innovators across key fields.
The Great Arab Minds initiative, under the MBRGI, aims to identify, support and acknowledge leading thinkers in the region, amplify their impact and inspire future generations. One of its main purposes is to reduce the emigration of Arab scientists, specialists, intellectuals, doctors, and engineers.
He affirmed that “The Great Arab Minds” initiative reflect His Highness’ vision in reigniting the Arab World’s Civilisation Drive, support great Arab minds and acknowledge their work and achievements, in service of humanity.
Mohammad Al Gergawi pointed out the importance of the Arab Reading Challenge initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, among many other development projects, serving more than 91 million beneficiaries.
A study conducted by KPMG, showed that ignorance costs the Arab world more than US$2 trillion. The Great Arab Minds initiative aims to change this reality and contribute to shaping a brighter future for Arab generations.
During an event organised in the Museum of the Future to announce the details of the initiative, Mohammad Al Gergawi witnessed the signing of four partnerships between “The Great Arab Minds” initiative and KPMG, LinkedIn, Meta, and Majarra.
The initiative’s mission is to search for exceptional talents among Arab scientists, thinkers, and innovators across key fields, aiming to identify, support and acknowledge leading thinkers in the region, amplify their impact and inspire future generations.
Over a 5-year period, “The Great Arab Minds” will reward scientists, thought leaders, scholars, and innovators across 6 categories: Natural Sciences (Physics and Chemistry), Medicine, Literature and Arts, Economics, Technology and Engineering, and Architecture & Design.
The initiative includes the “Mohammed bin Rashid Medal for Great Arab Minds”, which will be awarded to 6 winners of six categories each year.
The Great Arab Minds initiative aims to facilitate the recognition of Arab thought leaders, scholars, scientists, geniuses, and transforming their ideas to real-life breakthroughs and solutions. It also aims at empowering cluster of Arab scientists and thinkers and building a network of Arab thinkers, scientists, and exceptional talents in various fields to work as one team to drive the Arab world’s intellectual renaissance.
Saudi engineer Mishaal Ashemimry is the newly elected vice president of the International Astronautical Federation, becoming the first Saudi woman to hold the position after receiving 14 majority votes from international representatives.
Her role as one of the federation’s 12 vice presidents enables her to further the development of the space sector globally and consolidate the direction of the IAF.
As a Saudi woman and the first aerospace engineer in the Gulf Cooperation Council, her position strategically places the Kingdom at the forefront of the industry and highlights the country as a global leader in the field.
Since September 2021, Ashemimry has served as special advisor to the CEO of the Saudi Space Commission Mohammed Al-Tamimi, a position in which she consults on developing a national space strategy, creates and leads space programs, and advises leadership on direction and execution.
Ashemimry was previously a space nuclear technology consultant at the aerospace and defense company Northrop Grumman. She also conducted research funded by the NASA Marshall Space Flight Center during her time as a research assistant at the Florida Institute of Technology
At 26 years old, the engineer was also president and CEO of her own aerospace company, MISHAAL Aerospace, established in 2010.
The company developed space rockets, designed and launched its own line of cost-effective rockets titled the “M-rocket” series, completed static tests for hybrid rocket propulsion systems and provided global consultation.
In 2015, Ashemimry won the Inspirational Woman of the Year Award at the Arab Women Awards and in 2018 was awarded for her scientific achievements by King Salman.
She received her bachelor’s degree in applied mathematics and aerospace engineering in 2006 and her master’s degree in aerospace engineering in 2007, both from the Florida Institute of technology.
She is a certified Nitrox, rescue and open water diver, a commercial pilot and is trained in real space flight conditions of zero-gravity.
Ashemimry is an expert in aerodynamics, missile and rocket stage separation analysis, vehicle design, wind tunnel testing, simulations and analysis, and computational tool development.
After three years of research during and after the Covid-19 pandemic, the Kuwaiti researchers Ammar Bahman and Nasser Al-Sayegh have come up with an invention that could help reduce energy consumption in power plants.
Bahman is an assistant professor in the department of mechanical engineering at Kuwait University, and Al-Sayegh is an associate research scientist at the Kuwait Institute for Scientific Research.
Their idea, which has been registered with the U.S. Patent Office, revolves around the creation of a device that can calculate the physical state of nanoparticles dispersed in advanced thermal fluids called nanofluids.
The significance of Bayman and Al-Sayegh’s invention lies in contributing directly to the improvement of thermal systems used in Kuwait for power generation and water desalination. The invention will allow scientists to test the qualities of a nanofluid before offering it as an alternative to the conventional fluids currently used.
The researchers used virtual Internet meetings to continue working together throughout the Covid-19 curfews in Kuwait, moving through stages of clarifying the problem, discussing solutions, describing and illustrating their idea, and sending off the patent for examination.
Practical Benefit of the Invention
Bahman, who obtained a Ph.D. in mechanical engineering from Purdue University in the United States four years ago, told Al-Fanar Media that his work on this invention came from a desire to find solutions to common problems between different disciplines.
He explained that the invention is based on the scientific and practical benefit of using nanofluids to improve the efficiency of the cooling processes, because nanofluids have higher thermal properties than traditional liquids. Bahman said the invention offers a solution to a problem facing nanofluids, which is that the suspended nanoparticles are prone to settle under the liquid over time. This means that these liquids eventually lose their advanced thermal properties.
The new invention calculates the percentage of a nanofluid that has lost its thermal properties, and the time it takes for the nanofluid to complete the precipitation process. Such calculations are vital to the research and industrial sector, Bahman said, because they allow scientists, companies, and decision-makers to know the sustainability of energy-generation and conservation devices when used with nanofluids.
Al-Sayegh said the real benefit of the invention would be seen at power plants and water desalination plants, because they depend on heat transfer. The patent will allow specific nanofluids to be introduced to increase the plants’ efficiency by reducing the fuel used, thus saving electrical energy consumption, he told Al-Fanar Media.
Al-Sayegh said creating a device capable of characterising the physical state of particles suspended in nanofluids would revolutionise Kuwait’s thermal systems systems in terms of operational efficiency and fuel consumption challenges.
Research Environment in the Arab World
With the Patent Office at Kuwait University, Bahman plans to employ research results in the country’s industrial sector.
He wants to establish an energy centre affiliated with Kuwait University to conduct scientific and experimental research, offer consultations to the public and private sectors, and provide training opportunities for students, technicians, and specialist engineers.
He believes that to encourage innovation, researchers need an appropriate research environment and access to knowledge and human resources.
Bahman also thinks scientific criticism should be included in school curricula, along with the presentation of scientific problems to encourage innovative solutions. This could be achieved through joint scientific programmes with international universities and student exchange programmes, he said.
Current conditions in the Arab world “do not stimulate scientific research,” Bahman said. “The research process requires great focus, effort and time from the researcher, as well as a stable environment for those conducting scientific research. This can only be achieved when there is abundant financial support.”
Al-Sayegh added that he and Bahman were trying to establish a company to market their inventions, and turn them into practical products that serve a large number of people.
source/content: al-fanarmedia.org (for text -headline edited), (pixs: ovpr.ku.edu.kw)
Al Mansoori succeeds teammate Rashed Al Qemzi who secured his third F2 world title with victory in Portugal 12 months ago.
Team Abu Dhabi’s Mansoor Al Mansoori is the new UIM F2 world champion following a dramatic series of events at the Grand Prix of Portugal.
Norway’s Tobias Munthe-Kaas, Germany’s Stefan Hagin and Finland’s Sami Selio were each disqualified from the final round of the 2022 series for engine infringements following post-race technical checks.
This followed the earlier one lap penalty imposed on Edgaras Riabko for a start infringement, which dropped the Lithuanian from second place to 10th.
The decisions saw American Brent Dillard replacing Munthe-Kaas as race winner, while Al Mansoori climbed from sixth to second position to take the F2 crown, with an 18-point winning margin from Sharjah Team driver Selio.
Hagin, who had provisionally been acclaimed as world champion, finished third in the standings, another point away.
Al Mansoori, who joined Team Abu Dhabi last year, succeeds teammate Rashed Al Qemzi who secured his third F2 world title with victory in Portugal 12 months ago.
It means Guido Cappellini has now delivered 15 powerboat world championships to Abu Dhabi Marine Sport Club since taking charge as Team Abu Dhabi manager in February 2015
Team Abu Dhabi were also celebrating another world title success on Monday after Rashid Al Mulla clinched his fifth successive freestyle crown at the UIM-ABP Aquabike World Championship in Italy.
The Emirati had to borrow a friend’s jet ski after his own ski suffered mechanical problems in preparation for the Regione Sardegna Grand Prix in Olbia.
It made little difference, as Al Mulla extended his dominance of freestyle by recording his 14th consecutive Grand Prix victory in a run stretching back to 2017.
The marking of Saudi Arabia’s 92nd National Day comes at a momentous time in the nation’s history because of its remarkable journey of transformation and development.
Citizens and residents alike will be celebrating over the course of the week to come, with events paying homage to the Kingdom’s heritage, art and culture.
Riyadh
Riyadh is set to celebrate Saudi National Day with a range of events and activities including music, theater and a specially designed Cirque du Soleil show.
In preparation, the capital city’s main roads have been bedecked with hundreds of green national flags.
The sky will light up with fireworks in front of Al-Thaghr Plaza on Sept. 23 from 9 p.m.
The Royal Saudi Air Force will have an acrobatics display with jets and civilian aircraft that can be viewed from Um Ajlan Park on Sept. 22 and 23 from 4 p.m. to 5:30 p.m.
The Royal Guard will conduct a parade at Riyadh Front to the tune of the national anthem played by a military band, ahead of a procession of classic cars on Sept. 23 from 9 p.m. to 10 p.m.
Admission is free to the fireworks display, airshow and Royal Guard parade.
In addition, Jump Saudi will host a two-day showjumping competition. Tickets are SR57.50 ($15.30) and can be obtained online through Riyadh Platinum or Enjoy Saudi via the General Entertainment Authority website. The event will take place on Sept. 22 and 23 from 4 p.m. to 1 a.m.
This year, the national circus is presenting a specially designed Cirque du Soleil show entitled “The Wealth of a Nation” at Princess Nourah bint Abdulrahman University theater from Sept. 21 to 24 from 8 p.m. to 12 midnight.
Arab musicians Ahlam and Abady Al-Johar will perform on Sept. 23 at Abo Baker Salim stage from 9 p.m. to 12 midnight.
The Ministry of Interior is organizing its own festivities under the slogan “The Pride of The Nation” at Riyadh Front from Sept. 21 to 24. The event will also feature a live orchestra and 12 interactive pavilions.
A festival will be held at the Diplomatic Quarter’s Grassy Park from Sept. 21 to 24, which will include heritage shows, handicrafts displays, a dancing fountain, action games for children and food stalls.
The AMC-2 theater auditorium is set to feature a live 90-minute stand-up comedy show on Sept. 22 from 8 p.m. to 9:30 p.m., with three international acts alongside a Saudi performer.
Jeddah
The General Entertainment Authority has organized several events for Jeddah’s citizens and residents to mark the country’s 92nd National Day celebrations, including fireworks, air and marine military shows, music concerts, and interactive festivals.
The city’s coastline will be lit up with a massive, seven-minute fireworks show on Sept. 23 at the Jeddah Season carpark area, which is expected to be seen from any location in the city. This show will coincide with 17 other similar displays around the country.
For three days, from Sept. 18 to 20, Jeddah residents can enjoy an airshow near the Hilton Hotel on the corniche, beginning from 4:30 p.m. This will also be the location for a marine show on Sept. 23.
Jeddawis can also enjoy a military parade at 5 p.m. on national day organized by the Ministry of Interior at the Jeddah Art Promenade. The venue will also see fireworks displays from 9 p.m. on Sept. 22, 23 and 24.
In addition, the Jeddah Art Promenade area will feature a light-and-sound display on Sept. 23. There will also be a Saudi folklore show from 6 p.m. to midnight on Sept. 22, 23 and 24. Moreover, there will be “Layali Watan” events and activities held over the same period.
In addition, the Jeddah Art Promenade will feature a Mosaic Wall with various pieces of art on Sept. 22, 23 and 24, showcasing the history of the Kingdom.
The promenade will also have a National Day Corner, with a Photography Kiosk and an exclusive show for children on Sept. 22, 23 and 24.
The venue will have several music concerts, with Saud Sanan performing on Thursday Sept. 23, female singer Dukhuon on the same day, and Ahmed Ashour on Sept. 24.
Egyptian singer Angham and her compatriot Ahmed Saad will perform at Benchmark Theatre on King’s Road at 9:30 p.m. on Saturday Sept. 24. According to the Ticketing Box Office website, all VVIP tickets have been sold.
There will also be festivals held from 5 p.m. to midnight at the city’s Prince Majed Park, from Sept. 21 to 24.
Eastern Province
The Eastern Province has a series of fun events for all ages to celebrate the Kingdom’s 92nd National Day including live performances, fireworks, and marine and air shows.
King Abdullah Park in Dammam is set to host a four-day celebration from Sept. 21 to 24 from 5 p.m. to midnight, featuring a variety of festivities including folkloric dances and fountain shows.
During the celebrations, performers will roam through the park dressed in traditional attire. There will be several action games and giveaways for families. The event is free and open to children of all ages.
Families are encouraged to dress up in traditional attire for the events throughout the week.
Dammam will host the annual fireworks show that will be visible from the corniche on Sept. 23 from 9 p.m. Admission is free and open to all ages.
Eighteen cities across the Kingdom will feature fireworks displays simultaneously with Dammam including Riyadh, Jeddah, Abha, Tabuk and Al-Ahsa.
Nearby Alkhobar will also be hosting a marine show led by the Royal Naval Forces. The show will take place on Sept. 23 from 4:30 p.m. to 5:30 p.m. at the corniche.
Following the marine show, the corniche seafront will hold an airshow from Sept. 25 to 26 from 4 p.m. to 5:30 p.m.
In addition, King Abdullah Cultural Center in Jubail will hold live concerts featuring some of the most popular regional performers including Moudi Alshamrani, Sultan Khalifa, Shamma Hamdan and Khadijah Moath, from Sept. 21 to 24.
Children will not be allowed to attend the concerts. Tickets are available on the Enjoy Saudi website.
Southern and Northern regions
The southern and northern regions of the Kingdom are preparing to celebrate the 92nd National Day on Sept. 23 with various shows and concerts including “A Homeland Salute” by the Royal Saudi Air Force.
On Sept. 23 from 9 p.m., a massive five-minute fireworks display will be held across several cities.
In Jouf, north of the Kingdom, Sakaka’s residents will be able to gather at King Abdullah Cultural Center to watch the show.
In the Northern Borders region, spectators in Arar can see it at the city’s Water Tower Park.
In the southwest, it can be enjoyed in Al-Nahdah district in Najran, while in Abha in Asir they can do so at Sama Abha Park.
The activities include air and marine shows.
The Royal Saudi Air Force will perform for 10 days with Typhoon, F-15, Tornado, and F-15C fighter jets across 14 cities. The show is titled “A Homeland Salute,” to celebrate the country’s achievements under its leadership.
In Abha, the airshow will be held at Abha Airport Park on Sept. 22 and 23 at 5:30 p.m.
Various festivals with folklore dances, games and handicrafts will be held at several public parks from Sept. 21 to 24 from 5 p.m. to midnight.
People in the north can celebrate at Al-Nakheel Park in Sakaka, and in Al-Refa District in Arar.
Those commemorating the day in the south can participate at Sama Abha Park in Abha, and Aba Al-Rashash Park in Najran.
Prominent artists are set to perform on the occasion. In Abha, a concert by Mohamed Abdo, led by Maestro Walid Fayed, will be held at Talal Maddah Theatre on Sept. 24.
The Prince Sultan bin Abdulaziz Al Saud Foundation steering committee has met to review the strategy of its program to strengthen the use of Arabic at UNESCO.
The virtual meeting was attended by the foundation’s Director General Saleh Al-Khulaifi as well as UNESCO Assistant Director General for the Social and Human Sciences Sector Gabriel Ramos, and UNESCO Permanent Representative Princess Haifa Al-Muqrin.
UNESCO officials praised the foundation’s efforts to develop new businesses and projects that serve the Arabic language, thereby contributing to the program’s goals of promoting dialogue between different cultures, consolidating cultural communication, and implementing projects that serve the language and heritage.
They also praised international organizations for providing more programs and activities related to the Arabic language, such as translating research, literature, session minutes, meetings and field reports.
They added that spreading Arabic around the world was the quickest way to strengthen global dialogue and cohesion.
Many initiatives have been implemented in the past, most notably UNESCO’s celebration of World Arabic Language Day on Dec. 18 each year, as well as the launch of “Arab Latinos!”
That event, which was held in August in Sao Paulo, promoted intercultural dialogue for social inclusion and built on the Arabic cultural imprint in Latin America.
source/content: arabnews.com (headline edited0
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Prince Sultan bin Abdulaziz Al Saud Foundation aims to strengthen the use of Arabic at UNESCO. (UNESCO)
Dr. Abdulaziz bin Mohammed Alsubayel, chairman of the board of trustees of the King Abdulaziz Center for National Dialogue and secretary general of the King Faisal International Prize, has won the cultural pioneer award during the Ministry of Culture’s second session of the “National Cultural Awards.”
He received the prize in recognition of his distinguished literary and cultural career, as well as his roles in cultural administration, where he held a number of leadership and academic positions while serving Saudi culture, intellectuals and literature.
The event was held under the patronage of Saudi Crown Prince Mohammed bin Salman.
A global prize, called the “international cultural excellence award,” will be launched in the next session of the event, organizers announced. The award will recognize and celebrate global and regional cultural personalities and institutions that enrich the cultural landscape, and reaffirms the Kingdom’s determination to open new avenues for cultural creativity and expression and encourage cultural dialogue with the world.
Deputy Culture Minister Hamed bin Mohammed Fayez said in a speech delivered on behalf of Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan: “I am delighted to welcome you to the Capital of Culture, the Beacon of Knowledge, and the Oasis of Art in a cultural event in which we celebrate the creative personalities, with the support of the Custodian of the Two Holy Mosques and the patronage of His Highness the Crown Prince, who is supportive of our culture and the champion supporter of it.
“The historical depth and civilization of our homeland and the creativity of our people have put the Kingdom in an advanced cultural place, which enabled the Ministry of Culture to highlight our creative treasures as per the Vision 2030,” he said.
Fayez said: “The National Cultural Awards initiative was an inspiration for creators and an essential pillar for further advancement of cultural and cognitive development.”
Cultural sector award recipients were also recognized.
Kifah Bu Ali won first place in the literature prize while Jarir Bookstore won the publishing award. Shareef Bogona, a translator and poet, won the translation award while Samira Alotaibi won the fashion award. Ahmed Alneghaither, a researcher in drawings and engravings, won the national heritage award and Abdulsamad Alhawsawi won the culinary art award.
Badr Al-Hamoud, a writer and filmmaker, received the “youth cultural” award for his efforts in the film industry, publishing initiatives, translation and technical projects. He founded the Center Menaverse for Innovation and Development, the world’s first center to interactively disseminate cultural products, and has established a platform called “Meaning” to spread knowledge, artistic and philosophical content. He managed the translation projects of 30 books in philosophy and humanities.]
Kifah Bu Ali won first place in the literature prize while Jarir Bookstore won the publishing award. Shareef Bogona, a translator and poet, won the translation award while Samira Alotaibi won the fashion award. Ahmed Alneghaither, a researcher in drawings and engravings, won the national heritage award and AbdulsamadAlhawsawi won the culinary art award.
Artist Muhannad Shonu won the visual arts award while Ali Khobrani won the theater and performing arts award. Bandar Bin-Obaid won the music award while Faisal Battoyoor won the film award and Muhammed Shafea won the architecture and design award.
The Diriyah Gate Development Authority won the cultural institutions award in the state sector while the Misk Institute of Art won the cultural institutions award in the non-profit sector. The Music Home School of Art won the cultural institutions award in the private sector.
Ahmed Qirran Al-Zahrani, deputy dean of communications and information for graduate studies and academic research at King Abdulaziz University, told Arab News that nations founded on cultural legacy were able to elevate their homelands to the forefront of the cultural landscape around the world.
Cultural symbols deserved to be honored and acknowledged for their contributions to the nation, as well as to preserve cultural memory and encourage future generations to follow in their footsteps, he said.
Al-Zahrani said that the Ministry of Culture had a significant obligation to revitalize heritage, assist the cultural movement and financially and morally encourage intellectuals.
The cultural movement was evident in domestic cultural activities such as organizing book fairs, holding cultural festivals, holding conferences, supporting cultural institutions, honoring intellectuals, participating in outdoor cultural events and supporting intellectuals individually participating in festivals, meetings and outdoor exhibitions to represent and communicate local culture beyond geographical boundaries.
Abdulaziz Al-Kheshaiban, chairman of the board of the Media and Public Relations Society in Onaizah, said that recognizing local cultural symbols was connected with recognizing cultural pioneers, creators and achievers.
He said that the cultural movement was witnessing a diversity of platforms, and that official literary clubs, private literary meeting places and cultural cafes were the most important of these.
Al-Kheshaiban said that education and knowledge were important in the evolution and progress of cultures.
source/content: arabnews.com (headline edited)
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The National Cultural Awards ceremony was held under the patronage of Crown Prince Mohammed bin Salman. (SPA)
Algeria won the 2022 U-17 Arab Cup after beating Morocco on penalties in the final at Abdelkrim Kerroum Stadium in Sig on Thursday night, September 08th..
The match had ended 1-1 in front of 20,000 people, and extra time brought no further goals, before the host nation won 4-2 in the deciding shootout.
Morocco took the lead on 51 minutes through Mohammed Rachidi and were within seconds of winning the trophy, but Ismael Chehima scored a 90th minute equalizer.
In the shootout, Morocco missed twice to Algeria’s one, much to the delight of the large home crowd in attendance.
Algeria had reached the final by beating Saudi Arabia 5-4 on penalties after their semifinal clash had finished 0-0, while Morocco overcame Yemen 2-0.
source/content: arabnews.com (headline edited)
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Hosts Algeria have won the 2022 Arab Cup U-17. (Twitter: @UAFAAC)
Following the launch of Saudi Arabia’s Vision 2030 in 2016, the Kingdom is on its way to becoming the world’s biggest construction site with a total investment of SR4.13 trillion ($1.1 trillion) in infrastructure and real estate projects, according to global real estate consultancy Knight Frank.
The real estate firm projected that Riyadh’s population will reach 17 million by 2030, up from about 7.5 million today. The city has unveiled real estate projects worth $104 billion since the Kingdom’s National Transformation Plan launch in 2016.
“Vision 2030 has lit the embers of excitement across the Kingdom, and with NEOM positioned as a crown jewel in the transformative plans, people are eager to be part of history,” Faisal Durrani, partner and head of Middle East research, Knight Frank told Arab News.
Saudi Arabia will easily become the largest construction site in history, with planned construction projects in the Kingdom being over 555,000 residential units, over 275,000 hotel keys, over 4.3 million square meters of retail space, and over 6.1 million square meters of office space, Durrani said.
The consultancy firm is currently monitoring 15 giga-projects in the Kingdom, many of them new standalone supercities, said Harmen de Jong, partner and head of real estate, Strategy& Consulting in the Kingdom.
NEOM is expected to house 9 million residents across 300,000 new homes once completed, making it the largest giga-project announced to date, Jong added.
Among 1,000 Saudi households surveyed, Diriyah Gate came third in popularity as a place to own a home, behind NEOM and The Red Sea Project.
NEOM is radically redefining urban living in resource-poor regions, Durrani said. At the same time, sub-cities like the Octagon, Trojena and the Line will set new benchmarks for luxury living in the area.
Around 30 percent of Saudi homeowners are prepared to spend more than $800,000 on a second home at NEOM. “Developers have their work cut out to satisfy this pent-up demand,” Durrani added.
De Jong said that the construction progress of part of the projects stands at 29 percent, with only $7.5 billion of subprojects being commissioned.
Riyadh’s rebirth
Another head-turning giga-project is the $20 billion Diriyah Gate which will give Riyadh 20,000 homes when it is completed in 2027, creating a city-sized historic district.
Knight Frank estimated that about $2.3 billion had been spent on Diriyah Gate’s construction.
“Not to be outdone, Riyadh’s repositioning as a commercial nerve center of the Kingdom is well underway. And businesses from the world over are already clamoring to be at the center of the Middle East’s second and much-needed global hub,” Durrani said.
Durrani added that the planned development of 2.8 million square meters of world-class office space could not come at a better time with Grade A office occupancy levels hovering around 97 percent across the city.
According to Knight Frank, an international airport worth $147 billion is also set to open shortly. Nearly 74 percent of the $200 billion national infrastructure investment goes toward the new airport.
“The city is also attracting a huge number of internal migrants, and with readily available support to get on the housing ladder, house prices are rising rapidly and currently stand some 26 percent higher than this time last year,” he said.
Well-being hub
The Kingdom is also improving and providing world-class urban environments for its residents with the $500 million Riyadh Sports Boulevard and the $23 billion Green Riyadh, planting 7.5 million trees in the Saudi capital to transform it into a green, vibrant metropolis.
It also extends to the 19,000 hospital beds planned for $13.8 billion, of which $8.6 billion will be spent in Riyadh Province alone.
According to de Jong, over 80 new educational institutions are being constructed for $82 billion.
“What’s more, healthcare, education and well-being sit at the core of the transformative plans, which will contribute to an extraordinary evolution in the Kingdom’s physical realm, making it unrecognizable from what we see today by the end of the decade,” Durrani said.
