An overview of Future Landscape and Playspaces KSA

With over $250 billion worth of projects under development, accounting for 39% of the GCC total, Saudi Vision 2030 continues to progress on its commitment to transform its economy and focus on initiatives to enhance the quality of life of its citizens, residents and visitors making it a business-friendly country and the region’s most important project and investment market. 

To this end, various initiatives and projects such as the Riyadh Metro ($22.5 billion), King Abdullah Economic City ($27 billion), Jeddah Tower (US$1.23 billion), Ishbiliyah City Centre Riyadh (Mall), Riyadh municipality’s 100 Parks and playground project, Jeddah women only park, Riyadh child friendly city initiative etc. that are promoting entertainment and leisure opportunities, play and wellbeing and sustainable urban development continues to spring up across the regions creating more opportunities for businesses.

The Future Landscape and Playspaces KSA will provide a great business platform and opportunity for senior decision makers from government authorities, urban planners, architects, developers, Landscape designers, hotel operators and leisure, entertainment, regional and international playground and playspace concept experts to meet and discuss future opportunities in the Kingdom’s playspace and entertainment sector.

Excellent Opportunities for the Future Landscape and Public Realm Sector

  • Over $250 billion worth of projects under development in Kingdom of Saudi Arabia, accounting for 39% of the GCC total
  • Riyadh Municipality revealed that the number of current standing projects in the region has reached 141 projects, with a total estimated value of SR7.47 billion
  • 857 projects worth SR74 billion ($19.7 billion) earmarked for the Jeddah region of Saudi Arabia for the next 5 years
  • There are over 80 megaprojects, each worth at least $1 billion, that are on track for completion by 2030 in Saudi Arabia
  • The 4.8 million sqm and $9billion worth Madinah Knowledge Economic City is on track to creating an alternative central business district for Al-Madinah

Excellent Opportunities for Future Playspaces Sector

  • Riyadh Municipality 100 parks project to create play spaces and playgrounds at 100 local parks is ongoing, out of which 54 are completed
  • Ishbiliyah City Centre Riyadh (Mall), by Majid Al Futtaim, 800,000sqm, which started in 2017 is on track for completion by 2020
  • The High Commission for Arriyadh Development and the Arab Urban Institute are collaborating on projects to make Riyadh a child friendly city
  • Saudi Arabia’s Public Investment Fund to build an “entertainment city” to feature sports, cultural and recreational facilities including a safari and a Six Flags theme park by 2022
  • US-based Six Flags to build 3 theme parks each costing between US$300 million and $500m in Saudi Arabia’s as part of efforts to expand its entertainment sector and diversify the economy.
  • Majid Al Futtaim to build “Mall of Saudi” which will become the country’s largest retail complex, with 300,000m2 of shops, restaurants, and entertainment areas, and a huge indoor snow park to boot.