Makkah has Saudi Arabia's second most-valuable construction pipeline

Makkah has Saudi Arabia's second most-valuable construction pipeline
Makkah has Saudi Arabia's second most-valuable construction pipeline.
Published: 14 March 2019 - 6:45 a.m.
By: Oscar Rousseau

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.

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