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Mega projects bet high on diversified future

By TRENDS Desk
September 10, 2023 4:37 pm
  • Saudi Arabia has allocated $250 billion in construction contracts since 2016 as part of its Vision 2030 strategy to diversify economy, attracting tourists and investments
  • In 2022, Saudi Arabia emerged as the fastest-growing G20 economy, fueled by a massive $1.25 trillion investment in real estate and infrastructure projects

RIYADH, UAE — Saudi Arabia, in bid to diversify its economy and reduce its dependence on oil revenues, has awarded construction contracts worth a staggering $250 billion since 2016 as part of its ambitious Vision 2030 strategy.

The kingdom, which was the fastest-growing G20 economy in 2022, has implemented several reforms and initiatives to move away from its traditional oil-based economy. The massive investment in construction is seen as a significant step in realizing the goals of Vision 2030.

Discover how Saudi Arabia is reshaping its future with a staggering $250 billion in construction deals! From Vision 2030 to $1.25 trillion in real estate and infrastructure projects, the latest TRENDS infographic dives into the kingdom’s ambitious transformation.

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