PIF is one of the seven Saudi organisations that make up 10 of the GCC’s largest project owners, and its most notable under-development assets include the $500bn (SAR1.9tn) Neom City, in addition to the mixed-use Rou’a Al Madinah and Rou’a Al Haram, each valued at $10bn (SAR37.5bn).
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…184 Views | the publication reaches you by | Saudi Arabia Today
KA Care’s developments are valued at $70bn (SAR262.6bn), while Aramco’s are worth $36bn (SAR135bn).
With a total kitty of $32.5bn (AED119.4bn), Dubai Aviation Engineering Projects is the fourth-largest project owner in the list of the GCC’s top 10, with its most significant development being Phase 2 of the Al Maktoum International Airport Expansion scheme, worth $31bn (AED113.9bn).
Kuwait Authority for Partnership Projects also makes the list of 10, with pre-execution projects worth $31.5bn (KWD9.5bn).
Fellow Kuwaiti organisation, the Public Authority for Housing, is among the GCC’s top 10 project owners, with a total pre-execution pipeline worth $29.3bn (KWD8.9bn). The housing authority’s assets include the $13.9bn (KWD4.2bn) Al Khiran City, and the $13.5bn (KWD4bn) South Al Mutlaa City.
These details were revealed by Cynthia Corby, audit and assurance partner, and construction industry leader, at Deloitte Middle East, at Construction Week: Leaders in Construction UAE Summit 2018.
Corby revealed these numbers during her speech, titled GCC Construction Industry Outlook, at the event held in Dubai on 12 September, 2018.
Do you have information you want to reach our readers?
A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…